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Info-pedia / 19 Jun 2024

Info-Pedia : GREAT Scheme

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Context:

The Empowered Programme Committee (EPC) has approved 7 startup proposals under the GREAT scheme.

GREAT Scheme (Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles)

Initiative:

Part of the National Technical Textiles Mission (NTTM) by the Ministry of Textiles

Funding:

Grant-in-aid of up to ₹50 lakhs for 18 months

Eligibility:

Open to individual entrepreneurs, startups, and companies working on innovative technical textiles projects

Purpose:

To promote innovation, entrepreneurship, and indigenous production in India's technical textiles sector