Merits of Silk Industry
- The industry activities align with the 4 major Millennium Development Goals set by UN like; eradicate extreme poverty and hunger, promote gender equality and empower women, ensuring environmental sustainability, and develop a global partnership for development.
- High Labour Force Participation Rate (LFPR) in comparison to any other rural avocation due to which silk industry has emerged as the ideal tool for employment generation and rural development.
- Major participation (80%) by the tribal and downtrodden people, due to which significantly contribute to the poverty alleviation programmes of the Government.
- Participation of women (60%) and family members leads to higher income flow to the family.
- 60% of the income from the sericulture industry is flowing to the primary producers; i.e. farmers.
- Enable flow of equity from rich (the higher level consumers) to poor ( the farmers, reelers, weavers etc.)
- Prevents urban migration and contribute to preserve the bio-diversity of rural areas and natural vanya food plant forest areas.
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Low investment and higher return, short gestation period, and steady income throughout the year.
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The activities are simple and can be taken by women and other family members along with their regular house hold chores.
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Eco friendly production process, increases green cover, helps soil conservation and prevents soil erosion.
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Carbon emitting is minimal as the industry is agro-based and labour intensive.
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Land unsuitable for food crop cultivation could be used for sericulture.
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The waste generated from the industry could be utilized various useful purposes.
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A strong and assured domestic demand for silk and silk products which is consistently in the upward trajectory for the last 5 decades.
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Increasing consumption of silk products witnessed in most of the developed countries leads to high demand in global market also.
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Foreign exchange earning opportunity for the developing countries.
