PM MITRA Scheme_00.1
UPSC Exam   »   How to Prepare for UPSC CSE Mains Examination: Step-by-Step Guide for Beginners   »   PM MITRA Scheme

PM MITRA Scheme

 

Relevance

  • GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

 

Context

  • Government has approved the setting up of 7 PM MITRA parks to give a boost to textiles sector in our country.
  • A few months ago, Government initiated PLI scheme for textiles.

 

Key points

  • PM MITRA (Mega Integrated Textile Region and Apparel) scheme was first announced in Union Budget for 2021-22.
  • It is inspired by the 5F vision: Farm to Fibre to Factory to Fashion to Foreign
  • This integrated vision will help furthering the growth of textile sector in the economy.
  • The 7 PM MITRA parks will be setup at Greenfield / Brownfield sites located in different willing States.
  • PM MITRA Park will be developed by a Special Purpose Vehicle which will be owned by State Government and Government of India in a Public Private Partnership (PPP) Mode.

 

1000 Day Plan for 1 trillion Dollar Digital Economy

 

Financial outlay

  • PM MITRA scheme has been launched with a total outlay of 4,445 crores in a period of 5 years.

 

Capital support

  • 300 Crores of Competitiveness Incentive Support (CIS) will also be provided to each PM MITRA Park for early establishment of textiles manufacturing units in PM MITRA.
  • It will be in a form of viability gap funding to make the project attractive for participation of private sector.
  • State Government supports will include provision of 1,000 Acre land for development of a world class industrial estate.

 

SBM 2.0 and AMRUT 2.0

 

PM MITRA Park components

For Greenfield Project

  • Maximum Development Capital Support (DCS) of Rs. 500 crores will be provided for development of common infrastructure to all Greenfield PM MITRA Parks.
  • Development Capital Support will be 30% of the Project Cost, with a cap of Rs. 500 Crores.

 

PM MITRA Scheme_50.1

 

Brownfield project

  • Maximum Development Capital Support (DCS) of Rs. 200 crores will be provided for development of common infrastructure to all Brownfield PM MITRA Parks.
  • For Brownfield sites, after assessment, Development Capital Support will be 30% of project cost of balance infrastructure and it will be restricted to a limit of Rs. 200 Crore.

 

PM MITRA will have

  • Core Infrastructure: Incubation Centre and Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, and other related facilities.
  • Support Infrastructure: Workers’ hostels & housing, logistics park, warehousing, medical, training & skill development facilities.

 

Medical Devices Park Scheme

 

PM MITRA benefits

  • The Parks will enhance the competitiveness of the textiles industry.
  • It will help the industry achieve economies of scale.
  • It will create huge job opportunities for millions of people.
  • The scheme will help Indian companies to emerge as global champions.

 

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