Yarn Bank Scheme

Yarn Bank Scheme

The Ministry of Textiles, Government of India had dispatched a Yarn Bank Scheme as one of the segments of Power Tex India plot intending to stay away from change in yarn cost.

The targets of the Yarn Bank Scheme are:

  • To give interest free corpus funds to Special Purpose Vehicle (SPV) or Consortium to empower them to buy yarn at a discount rate and give the yarn at a reasonable cost to the small weavers.
  • To stay away from mediator and local supplier’s brokerage charge on deals of yarn.

Monetary Assistance under the Scheme

Under the plan, a interest free corpus funds up to Rs.2.00 crore would be given to the Special Purpo

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Qualified Beneficiaries

The following categories of people are eligible as beneficiaries under the Yarn Bank Scheme: E

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Qualification or eligibility under the Yarn Bank Scheme

At least 11 individuals needed to frame Special Purpose Vehicle (SPV) The Members of SPV ought

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