Bihar plans handloom park, offers subsidy on looms

The Government of Bihar has decided to provide 50 per cent subsidy on purchase of modern looms for quality production of textiles.

This is part of the state government’s plan for phased development of handloom and textile industry in Bihar.

The state government, according to The Times of India report, is also working on plans to set up an Rs 2 crore handloom park.

The state’s Industry Department release further stated that under the plan, the handloom clusters would be formed and they would have water-softening plants, dyeing chambers and ETP.

Besides, the state industry department plans to rejuvenate the processing plants and cooperative spinning mills, the release said adding that training institutions imparting skills in handloom and textile production would be upgraded in the first phase of the plan.

The state government has also proposed the creation of a raw material bank with a provision of 50 per cent grant for it. The proposal is aimed at ensuring continued operation of the handloom industry, and the government has decided to sanction a grant of Rs 5 lakh as initial working capital for the bank.
—iGovernment Bureau