Why is it in the news?
- Recently, the Empowered Programme Committee (EPC) greenlit 7 startup proposals as part of the GREAT scheme.
About GREAT scheme
- The GREAT scheme (Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles) stands as a pivotal initiative under the National Technical Textiles Mission (NTTM) of the Ministry of Textiles.
- Successful applicants may receive a grant-in-aid of up to ₹50 lakhs over an 18-month period through this scheme.
- This opportunity is extended to individual entrepreneurs, startups, and companies engaged in innovative technical textiles projects.
- The scheme contributes to fostering innovation, entrepreneurship, and domestic production within India’s technical textiles domain.
