shine india magazine Published this article page no 85 The ITPs can also get benefits from Amended Technology Upgradation Fund Scheme (ATUFS) SAMARTH etc Funding Central Government will bear 40% of the project cost (90% of the project cost for first two projects each in the Special Category States) up to Rs.40 crores through grants in three installments. o The Funds are released in the form of Bank Loans and GrantEquity by the Ministry of Textiles State Industrial Development Corporation (SIDC) and Industrial Project Management Consultant (IPMC). o Project cost will also cover support activities such as textile machinery textiles engineering accessories packaging etc depending on the needs of the ITP. Present Status 59 textile parks have been sanctioned under SITP since its launch in 2005. Out of which 22 textile parks have been completed and rest are under various stages of construction. Slow progress is attributed to delay in obtaining land and other statutory clearances from state governments and slow fund mobilisation by the textile parks. From April 2000 to September 2019 Indias textiles sector received Rs. 19398.71 crore of FDI which is only 0.74% of the total inflows. In order to attract more FDI the Textiles Ministry now plans to setup Mega Textile Parks of 1000 acres which will be located near strategic industrial corridors. 11.2. ASPIRATIONAL DISTRICTS PROGRAM Why in news? In the recent delta ranking under the Aspirational districts programme Sukma district of Chhattisgarh has topped. Objective Salient Features To quickly and effectively transform the selected backward districts shine india magazine buy.
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