Central Silk Board Targets ₹1.1 Lakh Crore Silk Value Chain
Why in the news
India wants to grow silk into a high-value farm and export product. The Central Silk Board announced a goal of doubling the sector’s value chain by 2030.
Key facts
- Target: value chain from ₹55,000 crore to above ₹1,10,000 crore by 2030.
- Means: higher productivity, new technology and wider geographical spread of sericulture.
- Board’s ministry: Textiles.
| Parameter | Figure |
|---|---|
| Present value chain | ₹55,000 crore |
| Goal for 2030 | Over ₹1,10,000 crore |
| Growth sought | About two times |
About the Central Silk Board
- Apex statutory body for the all-round development of sericulture and the silk industry.
- Created in 1948 by an Act of Parliament.
- Headquarters: Bengaluru, Karnataka.
Government support
- Schemes such as Silk Samagra.
- Greater involvement of States in the silk economy.
- Push to use silk beyond its traditional applications.
Exam angle
- Nodal ministry for the Board: Textiles.
- Year and place: 1948, Bengaluru.
- Scheme to remember: Silk Samagra.