Government Scheme for Footwear Industries
Need Help?
Please Feel Free To Contact Us. We Will Get Back To You With 1-2 Business Days.
info@gvcaudit.com
+91-9717355517
Download
Government Scheme for Footwear Industries
Every industry has a separate problem. To reduce the issues and make the industry run smoothly Indian Government has launched some interesting schemes for the Footwear Industry. India is one of the biggest producers of shoes as the population of India is the second large in the world. But to cut the cost of products, many shoe brands used to import shoes or raw materials from a foreign country. To increase the number of Made in India Shoes, these schemes are designed. So far, these schemes have helped the industry a lot, and the Government is planning to extend the benefits from these schemes, which is amazing news. All these schemes come under IFLADP or Indian Footwear Leather and Accessories Development program. Let’s know about the sub-schemes under this program.
Human Resource Development Sub Scheme
HRD scheme is designed to support the potential workers by providing skill development training. Depending on the rank of the person involved in training, the amount is disbursed. There are different slabs for different ranks. Check out more details to get financial benefits from this sub-scheme.
Integrated Development of Leather Sector Sub Scheme
This scheme offers help to develop the setup to manufacture, sell, create a job in the industry. The Government will provide about 30% of the cost to create the setup. Brands and manufacturers are getting hope to increase the setup for more products and sales.
Establishment of Institutional Facilities Sub Scheme
This scheme is specially designed for Footwear Design and Development Institutes. To support their infrastructure and system government will provide funds. With the help of such financial support, the institutes can make it a better place for the students and graduate genius minds for the industry.
MILFAC or Mega Leather Footwear and Accessories Cluster Sub Scheme
This sub-scheme also focuses on supporting the infrastructure of footwear and other leather accessories sector. The Government will provide financial support up to 50% of the cost of developing the infrastructure. However, the land for the unit does not count in the cost of development of the plant. The financial help will be gradual as you develop the setup government will keep releasing money for the project.
Leather Technology Innovation and Environmental Issues Sub Scheme
Under this sub-scheme, the Common Effluent Treatment Plants are supported financially to upgrade the plant. The Government will provide 70% of the development or upgradation of the plant, but that would limit up to 200 Crore. This is a great scheme for the footwear manufacturing plants working for over a few decades and need some renovation.
Promotion of Indian Brands In Leather, Footwear and Accessories Sector Sub Scheme
year for three years. This scheme is designed to support the small brands which are originated and were made in India. To support the local footwear brands, this scheme is launched.
All the schemes mentioned above are specially designed for the footwear industry in India. To get more benefits from these schemes to talk to our executive and take a consultation appointment. They will guide you through the entire system and the ways to get benefits from these schemes.
