Indian Ministry of Textiles Provide a Financial Aid of RS.10 Billion for Silk Farming

The Indian Ministry of Textiles would provide a financial aid of Rs. 10 billion to the state of Jharkhand for developing sericulture (silk farming) to explore livelihood promotion for the rural poor in the state, said Textile Minister K Sambasiva Rao, reports Business Standard quoting PTI.

The Minister was speaking at a workshop in the state organized by Jharkhand State Livelihood Promotion Society under the aegis of the Indian Rural Development Department.

Mr. Rao has urged the Indian Rural Development Minister Jairam Ramesh to sanction Rs. 10 billion and that the Textiles Ministry would be providing a grant of Rs. 10 billion more to help the state’s endeavor to develop silk farming.

The Textiles Minister said that promoting sericulture in the state would generate employment opportunities and if it is successful then Jharkhand would become a path-finder for other states in the country in the field of sericulture.

Referring to the details on the progress of developing sericulture in the state and total investment requirement of Rs. 30 billion, which would be provided by Jharkhand Industries Department, Dhirendra Kumar, the secretary of the Department of Jharkhand Industries, has requested the Chief Minister of the state Hemant Soren to deeply study sericulture prospects in Jharkhand which would enable the state to become a path-finder for other states.

The Textiles Minister said the textile industry can expand in the state by developing silk farming and by involving the rural people in process.