📋 Tender Overview
The Office of Development Commissioner (Handicrafts) has not introduced any policies and schemes during the events. However, The Government of India is implementing various schemes/initiatives such as Pradhan Mantri Mega Integrated Textile Region and Apparel Parks (PM-MITRA), Production Linked Incentives (PLI), National technical Textile Mission (NTTM) etc. for employment generation within the textile sector. Also, the Office of Development Commissioner (Handicrafts) implements two schemes namely National Handicrafts Development Programme (NHDP) and Comprehensive Handicrafts Cluster Development Scheme (CHCDS) for overall development and promotion of handicrafts sector across the country. Both schemes includes various kind of skill development programmes such as Guru Shishya Hastshilp Prashikshan Programme (GSHPP), Comprehensive Skill Upgradation Programme (CSUP) and Design and Technology Development Workshop (DDW) helps to create skill development in handicraft sector.
The Government of India is implementing various schemes/initiatives aimed at promoting the textile including startups and new businesses in the textile sector. The major schemes/initiatives include Scheme PM Mega Integrated Textile Region and Apparel Parks (PM-MITRA) schemes which seeks to create a modern, integrated large scale, world class industrial ecosystem, which will help in attracting investments and boosting employment; Production Linked Imitative (PLI) scheme focusing on Man Made Fibre & Apparel, and Technical Textiles to boost large scale manufacturing and enhancing competitiveness; National Technical Textile Mission focusing on Research Innovation & Development, Promotion and Market Development.
Under the Start-up India initiative, the Government is implementing three flagship Schemes, namely, Fund of Funds for Start-ups (FFS), Start-up India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for start-ups (CGSS) to support start-ups across categories and sectors at various stages of their business cycle.
FFS was approved and established in 2016 to catalyse venture capital investments and is operationalized by Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (SEBI)-registered Alternative Investment Funds (AIFs) which in turn invest in startups. AIFs supported under FFS are required to invest at least 2 times of the amount committed under FFS in startups.
SISFS provides financial assistance to seed stage startups through incubators. SISFS is implemented from 1st April 2021.
CGSS is implemented for enabling collateral free loans to startups through eligible financial institutions [Member Institutions (MIs)]. CGSS is operationalized by the National Credit Guarantee Trustee Company (NCGTC) Limited and has been operationalized from 1st April 2023.
