Further, the Minimum Support Price (MSP) for jute went up to Rs. 1000.00 per quintal in 2006-07, up from Rs. 910.00 per quintal in 2005-06, thus providing some relief to the growers.
Under the Technology Mission for Cotton (TMC), special programmes have been initiated for supporting, upgrading and modernising ginning and pressing factories.
Handloom sector recorded cloth output during 2004-05 was 5722 million square metres, while for 2005-06, it is estimated at 6188 million square metres.
Handloom clusters have been set up at the cost of Rs 40 crores under the Integrated Handloom Cluster Development Scheme in several parts of the country.
Besides, there were schemes implemented for handicrafts and cottage industries also.
In addition, the National Institute of Fashion Technology Act, 2006 came into force w.e.f. July 14, 2006. According a statutory status to the Institute, this move establishes its leadership in the fashion technology sector, and empowers NIFT to award degrees to its students; a unique distinction for an institution disseminating fashion education in the country.
Press Information Bureau, Govt of India
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