SME Times News Bureau | 27 Apr, 2012
The Cabinet Committee on Economic Affairs Thursday approved extension of the Jute Technology Mission and revision in allocation of funds.
"This will give an impetus to the Jute Technology Mission for better agronomic practices and operationalise enhanced efficiencies of scale and latest technological practices in development of the jute sector," said the government in a press statement.
CCEA has approved extension in implementation period of the Jute Technology Mission (2006-07 to 2010-11)" by two years beyond 2010-11 to 2006-07 to 2012-13.
The committee has also approved year-wise reallocation of funds among the Missions while maintaining the overall grants at the same level as was approved earlier in 2006.
The government said that this extension will provide benefits to 0.37 million workers employed in jute mills and ancillary units as well as support the livelihood of around 4.0 million farm families through successful implementation of the Jute Technology Mission.
"Besides, it will help to modernize the jute industry and enable the country to reap the benefits of enhanced levels of jute diversification," the statement said.
The Centre launched the Jute Technology Mission (JTM) spanning a period of 5 years during the 11th Five Year Plan period (2007-08 to 2011-12) for overall development of the jute industry and growth of the Jute Sector.
The Jute Technology Mission with a total outlay of Rs. 355.55 crore has four Mini Missions pertaining to agriculture research and seed development, agronomic practices, harvest and post harvest techniques, primary and secondary processing of raw jute, diversified product development and marketing and distribution.
