Jute Industry To Get More Incentives

The cost for obtaining of jute packs under Jute Packaging Materials Act, 1987, is proclaimed consistently by the Jute Commissioner according to the Tariff Commission valuing equation acknowledged by the Government. This material estimating recipe was last modified in 2002.

The Government is giving 20% capital subsidy on the expense of particular endorsed hardware introduced by the jute plants to encourage modernization and to enhance the profit and productivity in the jute business. Likewise, the jute plants can additionally benefit the profits under Technology Upgradation Fund Scheme (TUFS) for their modernization. Administration of India is additionally giving budgetary help to the welfare of specialists in jute factories to enhance sanitation, wellbeing office and working conditions and so forth.

The data was given by the Minister of State (Independent Charge) in the Ministry of Textiles Shri Santosh Kumar Gangwar in a composed answer in Rajya Sabha today.