New initiative SAATHI to help small industries.

TNPSC Current Affairs - October 2017 by TNPSC Guru 

SAATHI (Sustainable and Accelerated Adoption of efficient Textile technologies to Help small Industries) is a new initiative by Ministries of Power and Textiles.

The main objective of scheme is to procure energy efficient powerlooms, motors and rapier kit in bulk and provide at no upfront cost to the small and medium units.

Objective:

• The new scheme will implement jointly by EESL (Energy Efficiency Services Limited ) and the office of the Textile Commissioner on a pan-India basis.
• The new initiative will help people in saving energy, cost saving also no upfront cost which they can repay in instalments to EESL.
• EESL is already successfully implemented this type of scheme in several sectors like LED bulbs, Electric vehicle and more.
• This scheme will help to upgrade the technology of powerloom sector in India because around 24.86 lakh powerloom units in India use obsolete technology.
• Also almost 57 % of cloth produced from the unorganised micro and small units in India.
• This scheme will help to upgrade the unorganised micro and small units, leading to higher productivity, better quality and more.