News Update

Textile Ministry In Its Way Of Obtaining Cabinet Nod For MITRA Scheme

• ByStartupStory     |    July 23, 2021

The textile ministry is in the process of obtaining approval of the Union Cabinet for the proposed Mega Investment Textiles Parks (MITRA) scheme, under which seven such parks will be set up in the country over the next three years. The scheme was announced in Union Budget 2021-22 told Darshana Jardosh, Minister of State for Textiles. ‘Ministry of Textiles is in the process of obtaining approval of the Cabinet for the proposed scheme. Once, the proposed scheme is approved and modalities are finalized, the details of location, government funding structure etc. will be decided,’ she said in a written reply to the Lok Sabha.

In a separate reply, the minister said during the pandemic, CCI (Cotton Corporation of India) procured 20.72 lakh bales valuing Rs 5,615 crore from 4 lakh cotton farmers. However, during the entire cotton season 2019-20, CCI made a record procurement of 105.15 lakh bales (equivalent to around 546.80 lakh quintal kapas) and an amount of Rs 28,500 crore was disbursed to around 21.50 lakh cotton farmers directly into their bank accounts, she said.

‘During the current cotton season 2020-21, CCI opened more than 450 procurement centers in all cotton growing states. CCI continued its procurement of cotton under MSP operations since beginning of season to avoid the eventuality of distress sale by farmers and has procured 91.89 lakh bales so far (equivalent to around 482 lakh quintal kapas) CCI disbursed an amount of Rs 26,700 crore to around 19 lakh cotton farmers,’Jardosh said.

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