Which project did the Central Government launch at 45 places in the country for the development of the power sector?

Correct option is D

​The correct answer is (b) Powertex India

Explanation:

• The Central Government of India launched the Powertex India scheme at 45 locations across the country to promote the power loom sector and boost the textile industry.
• The scheme was introduced by the Ministry of Textiles to support small power loom units by offering subsidies, modernization programs, and infrastructural assistance.

Information Booster:

• The PowerTex India scheme was launched by the Government for the development of the Powerloom sector from 01.04.2017 to 31.03.2020, later extended for one year until 31.03.2021.
• It replaced the Group Workshed Scheme under the Integrated Scheme for Powerloom Sector Development (ISPSD), which was in effect from 01.04.2012 to 31.03.2017.

Key Features of PowerTex India:

• Aimed at holistic growth and improving the conditions of powerloom weavers.
• Modified the old Group Workshed Scheme to include wider benefits.
• Eligible beneficiaries include:
• Weavers and entrepreneurs associated with powerloom units.
• Master weavers and registered co-operative societies of powerloom weavers.
• New entrepreneurs, individually or in groups.

Components of the Scheme:

1. Insitu Upgradation of Plain Powerloom – Enhancing existing looms for improved efficiency.
2. Group Workshed Scheme – Supporting infrastructure for powerloom clusters.
3. Yarn Bank – Ensuring yarn availability at stable prices.
4. Common Facility Centre (CFC) – Providing common facilities for weavers.
5. Solar Energy Scheme – Promoting solar power use in the powerloom sector.
6. Pradhan Mantri Credit Scheme – Offering credit support to weavers.
7. Tex Venture Fund – Financial assistance for powerloom entrepreneurs.
8. Grant-in-aid & Modernization of Powerloom Service Centres – Upgrading service centers.
9. Facilitation and Information Technology – Strengthening digital support and accessibility.