Applications Invited for Handloom Startup Grand Challenge

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About the Organization

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015. The action plan of this initiative is focussing on three areas: Simplification and Handholding. Funding Support and Incentives.

About the Challenge

The Handloom Sector is one of the largest unorganized economic activities and it constitutes an integral part of the rural and semi-rural livelihood. The level of artistry and intricacy achieved in the handloom fabrics is unparalleled and certain weaves/designs are still beyond the scope of modern machines. 

There are 28.2 Lakh handlooms in India as per the 4th handloom Census. To preserve the rich handloom heritage of our country, innovative, cost-effective handlooms are needed in the handloom sector.

The Handloom Grand Challenge by O/o Development Commissioner, Ministry of Textiles, in partnership with Startup India and Invest India invites innovative, cost-effective solutions for developing technologically upgraded handlooms which can provide better quality handloom products with reduced stress/drudgery for weavers during handloom weaving.

Eligibility Criteria

• Entrepreneurs, Students of IIHTs and other educational Institutions/Universities, Innovators, researchers across India.
• Companies incorporated under the Companies Act 1956/2013, primarily a Micro, Small and Medium Enterprises (MSME) as defined in the MSMED Act, 2006.
• Any company registered as a Start-up, as defined, and recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India and the majority stake (more than 51%) of the applicant entity must be held in India

Deadline

7 Sep, 2022

For more information please check the Link