The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the government to provide loans of up to Rs 10 lakh to small entrepreneurs. The loans are being given by banks, small finance banks, non-banking financial companies (NBFCs) and microfinance institutions.
All of them are in the non-small scale industry. At the end of June, 682 textile mills were closed in the country, she said during the Question Hour. Of them, 232 mills were in Tamil Nadu while 85 were in Maharashtra and 60 in Uttar Pradesh.
The portfolio of urban development, which too was with Naidu, was given to Narendra Singh Tomar, Minister for Social Justice and Empowerment, the PMO said.
When asked about India imposing anti dumping duty on imports of jute from Bangladesh, she said dumping of the commodity has impacted the livelihood of farmers, lower income workers and the Indian jute industry.
MGBBY, the insurance scheme for coverage of handloom weavers is being implemented by the Office of Development Commissioner for Handloom through the LIC, she said.
The minister said Central Cottage Industries Corporation and Handloom and Handicrafts Export Corporation have undertaken digital marketing.
According to Tamta, Indian exporters have stepped up by increasing exports of fashion jewellery and accessories.
Textiles Minister Smriti Irani has sought suggestions from the Wool and Woollen Export Promotion Council (WWEPC) with a view to boosting exports and creating employment in the sector, the council said today.
All the retail formats (Aeropostale, Sephora, GAP etc) are going as per plans. At the store level, profitability is good, like-to-like growth is healthy too, said Sanjay Lalbhai, CMD, Arvind.
The government has set an export target of USD 33 billion for the textiles sector next year despite the global economic slowdown, which it termed a "serious concern", and said steps have been taken to address the "challenge".
The government today said it has received 55 proposals for establishing integrated textiles parks in various parts of the country.
Union Textiles Minister Dayanidhi Maran, who was in the eye of a storm in the wake of the CBI's report to Supreme Court implicating him in the 2G spectrum scam, when he was the Telecom Minister, resigned from the Union Cabinet today.
The government is understood to have left it to the CBI and JPC to look into the alleged irregularities in the grant of licences to Aircel, which is owned by Maxis Telecom of Malaysia, and the involvement of former Telecom Minister Dayanidhi Maran in it.