Now Reading: UP’s ODOP scheme gives Bhadohi carpet industry a boost
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UP’s ODOP scheme gives Bhadohi carpet industry a boost
Entrepreneurs in Bhadohi say the Uttar Pradesh government's One District One Product scheme is helping the carpet industry by providing loans, subsidies, training, toolkits and trade fair access. The support is critical…
Entrepreneurs in Bhadohi say the Uttar Pradesh government's One District One Product scheme is helping the carpet industry by providing loans, subsidies, training, toolkits and trade fair access. The support is critical because a carpet can take four to 12 months to make, passing through 21 stages, leaving weavers and exporters with a long gap between buying raw materials and getting paid.
Akshay Upadhyay, a carpet weaver, said he got a Rs 50 lakh loan and now produces 2,000 carpets a month, employing over 100 people. Exporter Piyush Barnwal used Rs 25 lakh in margin-money support to expand. Amit Maurya, who exports to the US, Europe and Australia, took a Rs 2 crore loan under the scheme. Deputy Commissioner of Industries Daya Shankar Saroj said 2,350 people have received training and toolkits, and 347 beneficiaries have received loans.
Indian Opinion Analysis
Bhadohi is one of the world's largest handmade carpet clusters, and its long production cycle makes working capital a persistent problem. The ODOP scheme, launched in Uttar Pradesh in 2018, aims to boost each district's signature product through credit and skilling. Under the government's credit-linked subsidy component, an entrepreneur can get up to 25% subsidy on a loan, with the cap varying by project. The next figure to watch is how many of the 2,350 trained weavers actually set up their own units, since job creation in this labour-intensive industry depends on converting training into new looms.
Source: indiatoday.in
This story was synthesised by AI from the source linked above.
