Ministries of Power and Textiles have jointly launched a new scheme “SAATHI”
Ministries of Power and Textiles have jointly launched a new scheme SAATHI under which Energy Efficiency Services Limited (EESL) will provide energy efficient power loom equipment to small and medium units at no upfront cost.
The use of the efficient equipment would result in energy and cost savings to the unit owner and he will repay in instalments to EESL over a 4 to 5 year period. The SAATHI initiative of the government will be jointly implemented by EESL and the office of the Textile Commissioner on a pan-India basis. The EESL will procure energy efficient powerlooms, motors and rapier kits in bulk and provide them to the small and medium power loom units. The acronym of SAATHI stands for “Sustainable and Accelerated Adoption of efficient Textile technologies to Help small Industries”.
Category: Government Schemes Current Affairs