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SITUATION–II   Despite the vast untapped expert potential, the funding of sericulture development in the country has been found to be a very major stumbling block. Therefore, it is necessary that a scheme for providing free flow of credit to all those who are engaged in sericulture including silk weaving may be drawn up. Further, taking into account the emerging trends to the Indian Silk Industry from Global players like Korea and China and also serious challenges are posed by the ongoing changes in the multi fibre agreement and complete integration with GATT, it is necessary to formulate a new national silk policy. Another working group has to be constituted to evolve a long term import and export policy.
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