PM Mitra Scheme 2023: Register Now

PM Mitra Scheme 2023 | Pradhan Mantri Mitra Scheme Benefits, Features, Eligibility | Online Registration & Application Procedure

The government is always trying to encourage business. Various schemes are initiated for this purpose. These schemes offer everything from financial aid to training. We are going to tell you about the PM Mitra Scheme today, which is one such initiative that supports the textile and manufacturing industries.

The government intends to establish new textile parks under this plan. You can learn everything about this scheme including its goals, advantages, features, eligibility, critical paperwork, and application procedure, among other things in this article. Please read this article through to the end.

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PM Mitra Scheme 2023

On October 6, 2021, this scheme went live. The Pradhan Mantri Mega Textile Integrated Textile and Apparel Scheme is another name for this scheme. The PM Mitra Yojana will see the construction of seven integrated textile parks around the country, which will enable the consolidation of different textile-related tasks like spinning, weaving, processing, dyeing, printing, and clothing manufacturing.

The Pradhan Mantri Mitra Yojana will bring about a significant revolution in the textile and manufacturing industries. The government will spend ₹4445 crores to run this scheme. The prime minister’s 5F model – Farm to Fiber to Factory to Fashion to Foreign – is what motivated PM Mitra Yojana. The textile park will have top-notch infrastructure built thanks to this plan.

In addition, this scheme will generate 21 lakh employment. which will result in the provision of 7 lakh direct and 14 lakh indirect jobs. This yojana will work well in assisting Indian businesses to become multinational corporations.

Overview of the PM Mitra Yojana

Name of the scheme	PM Mitra Yojana
Started By	Central government
Beneficiary	Citizens of the Country
Objective	To provide an integrated ecosystem to the textile industry.
Budget	₹4445 Crores
Official Website	Launched Soon

Purpose of the Pradhan Mantri Mitra Yojana

Offering the textile industry an integrated ecosystem is the primary goal of the PM Mitra Scheme. This plan will result in the construction of seven textile parks across the country. These parks will used for a variety of jobs, including spinning, weaving, processing, dying and printing, and clothing manufacturing. This program will also show to be successful in assisting Indian businesses in becoming multinational corporations.

In addition, this scheme has the potential to attract investments. The textile industry will receive an integrated ecosystem through this program, enabling the growth of the people who work in the industry. This program will also prove to be successful in lowering the nation’s unemployment rate, as it will create 21 lakh new jobs. This program will raise the nation’s citizens’ standard of living as well.

Benefits of the Scheme

Seven integrated textile parks will be built nationwide as part of this project.
The textile manufacturing industry will undergo a significant revolution thanks to this plan.
The government will use Rs 4445 crore to carry out this program.
The Prime Minister’s 5F model – Farm to Fiber to Factory to Fashion to Foreign – serves as the model for this program.
The PM Mitra Yojana will establish world-class infrastructure in the textile park.
This program will generate 21 lakh new jobs.
There will be 7 lakh direct jobs and 14 lakh indirect jobs out of 21 lakh jobs.
This plan will also show to be successful in helping the Indian business become a worldwide enterprise.
In addition, this scheme has the potential to attract investments.
This plan will consolidate tasks such as spinning, weaving, processing, dyeing, printing, and clothing manufacturing into one location.
Because every link in the value chain will be in one location, this plan will also reduce the cost of logistics.

Features of the Yojana

Greenfield and brownfield sites spread across several states will be used to build the park.
The development of Green Field Mitra Park will cost Rs 500 crore.
The development of Brown Field Park will cost Rs 200 crore.
Each Mitra Park will get a total of Rs 300 crore to increase the competitiveness of the manufacturing units.
Seven parks would probably cost around Rs 17000 crore to establish.
The goal of this park is to be a completely functional system that makes it easier to create an ecosystem in which everyone can benefit.
The park will divided into three sections: 10% for utilities, 20% for commercial development, and 50% for pure manufacturing.

How to apply under the Pradhan Mantri Mitra Scheme?

If you want to take advantage of the PM Mitra Scheme, you will have to wait sometime. This scheme was just announced by the government. The government will soon provide information on how to apply for this scheme. We will notify you via this article as soon as the government shares any information about the application under this scheme. As a result, you are encouraged to continue reading this article.