24 Statups Approved Under GREAT Scheme, Says Mos Textiles

(MENAFN- KNN India) New Delhi, Dec 9 (KNN) Minister of State (MoS) for Textiles Pabitra Margherita on Tuesday said that as many as 24 startups have been approved under Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) scheme.

The scheme under the National Technical Textiles Mission (NTTM) provides support to the start-up ecosystem in India by assisting young innovators, scientists, technologists, and start-ups in translating their technical textile ideas into commercial products.

In written reply to a question in the Lok Sabha today, MoS Margherita said that under the GREAT scheme each approved proposal may receive financial support of up to Rs. 50 lakh.

The Minister said that 24 start-ups have so far been approved under the scheme at a total cost of Rs. 12.16 crore, of which Rs. 10.79 crore is the Government of India's share.

These start-ups span diverse domains including advanced functional textiles, smart textiles, energy-harvesting fabrics, high-performance composites, sustainable bio-based innovations, and medical and healthcare textile solutions.

The Minister highlighted that a Review and Monitoring Committee has been constituted under the scheme to assess and oversee the progress of approved start-ups.

Public events, workshops, seminars, and outreach activities are also organised nationwide to facilitate industry engagement, scale-up of start-up projects, and dissemination of information about the scheme.

Margherita further explained the eligibility criteria under the GREAT guidelines.

Individual applicants must be Indian citizens aged 21 or above, affiliated with or incubated at a recognised incubator, and must establish a start-up company before the release of the grant.

The Minister said these initiatives aim to strengthen innovation, entrepreneurship, and commercialisation of technical textiles in India, thereby fostering employment generation, technological advancement, and sustainable growth in the sector.

(KNN Bureau)

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