Lok Sabha Question No. 1333 (UNSTARRED), answered on 2024-07-30
Subject: Grants to Start-ups in Technical Textiles
Ministry: TEXTILES
Asked by: Shri Naresh Ganpat Mhaske, Shri Praveen Patel, Dr. Shrikant Eknath Shinde, Dr. D. Purandeswari

## GRANTS TO START-UPS IN TECHNICAL TEXTILES

## 1333. SHRI NARESH GANPAT MHASKE: SHRI PRAVEEN PATEL: DR. SHRIKANT EKNATH SHINDE: SMT. DAGGUBATI PURANDESWARI:

Will the Minister of TEXTILES वस्त्र मंत्री be pleased to state :

(a) the total amount allocated by the Government for grants to startups in technical textiles in the current fiscal year and the criteria used for selecting these startups;

(b)  the  anticipated  economic  impact  of  these  grants  on  the  technical  textiles  sector,  supported  by projected growth figures and employment generation estimates;

(c) the number of startups that have received grants under this initiative so far, along with a breakdown of the amount received by each startup and the specific technological innovations they aim to develop; and

(d)  the  Government's  strategy  to  monitor  and  evaluate  the  effectiveness  of  these  grants  in  fostering innovation  and  sustainability  in  the  technical  textiles  industry,  including  key  performance  indicators tracked annually?

## उत्तर ANSWER )

## वस्त्र राज्  य मंत्री ( श्री पबित्र मार्घेररटा

## THE MINISTER OF STATE FOR TEXTILES (SHRI PABITRA MARGHERITA)

(a): The National Technical Textiles Mission (NTTM) was launched with a view to boost technical textiles  sector  in  the  country.  Grant  for  Research  and  Entrepreneurship  across  Aspiring  Innovators  in Technical Textiles (GREAT) Scheme has been launched under NTTM to support start-up ecosystem of Technical  Textiles.  For  incurring  expenditure  on  various  schemes  under  NTTM  including  GREAT Scheme, budgetary allocation of Rs. 375 crore has been provided for the current financial year i.e. 202425. The grants to the eligible start-up proposals are given under the GREAT guidelines as per following criteria:-

- i. Individuals with minimum age of 21 years on the day of application are eligible;
- ii. The start-up company incorporated as Pvt. Limited company or registered as a partnership firm or a limited liability partnership with a turnover less than Rs. 100 crores in any of the previous financial  years  is  also  eligible,  however,  the  incorporation  date  of  the  Company should not be more than 5 years at the time of application;
- iii. Grants is provided for the individuals/start up companies working in the field of specialty fibres  like  Carbon  fibre,  Aramid  fibre,  Nylon,  Composites  etc.  as  well  as  in  different segments  of  Technical  Textiles  such  as  geo  textiles,  agro  textiles,  protective  textiles, medical textiles, defence textiles, sports textiles etc.

(b): The  support  for  Start-ups  is  expected  to  create  an  ecosystem  for  manufacturing  of  technical textiles  in  India.  The  Startups  are  expected  to  improve  the  domestic  market  size  and  also  help  in increasing exports and employment.

(c): A total of eight (08) Start-up proposals have been approved till date under NTTM. A maximum support of Rs.50 Lakhs is earmarked to each approved proposal on achievement of definite milestones. Some of the areas identified for start-up funding includes composite, high performance textiles, medical textiles and smart textiles.

(d): With  a  view  to  monitor  and  evaluate  the  overall  effectiveness  and  performance  of  NTTM including  grants  to  startups  in  Technical  Textiles  industry,  following  steps  have  been  taken  to  ensure transparency, accountability, and optimal utilization of resources:

- a. regular  reviews  and  monitoring  of  the  Start-ups  by  a  monitoring  group/committee  to ensure alignment with the Mission's objectives.
- b. As  per  GREAT  guidelines,  funds  to  start-ups  are  channelized  through  Associated Incubator (AI). The Associated Incubator regularly monitors the performance of start-up and further release of grants is based on the achievement of specific milestones.

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