Indian Footwear and Leather Development Program Continued

• The program is to be implemented for Rs 1,700 crores. IFLDP will develop infrastructure for the leather sector. 
• It`ll facilitate additional investment and increase the assembly of leather goods. The program will provide employment opportunities.
• The program will provide Rs 500 crores of monetary for technological up-gradation. The sectoral units shall use this amount for their modernization.
• Also, the program will provide Rs 100 crores of monetary assistance for developing design studios.
• They`re going to facilitate buyer-seller meet, promote export linkages, organize trade fairs, and display the designs to the international buyers. Overall, the studios will interface between the buyers and sellers.
• The program will help India achieve many of its sustainable development goals. It`ll also help reduce poverty, increase the economic process, promote gender equality, infrastructural development, etc.

• Establishment of institutional facilities
• Sustainable technology and environmental promotion
• Establishment of institutional facilities
• Brand promotion
• Mega Leather Footwear and accessories cluster development
• Development of design studios

Need:

• The leather manufacturing clusters are fragmented. They`re located in various parts of the country. 
• It`s greatly affected thanks to poverty faced by the producers and gender inequality. Also, India lacks sector-specific skills and education. 
• Not many are conscious of the leather-making processes and techniques. People that are already in the business lack technical skills. The program will address these issues.

Financial Plan:

• The Government of India will provide 50% financial assistance, and they help limit is fixed at Rs 10 crores. Every brand will get this assistance. 
• The financial assistance is to be provided for 3 years. This is often to market the Indian brands at the international market.

National Current Affairs February 2nd Week 2022