Archive · 23 May 2025
Anantapur to Generate ₹350 Crore Annually from Banana Fiber
In Anantapur, they're turning banana tree leftovers into useful stuff.
They'll use the stems to make things like bags and hats, aiming to earn ₹350 crore each year.
This helps farmers and women by giving them new jobs and making the area a center for this type of work.
The government is also helping out with money and support for new small businesses.
They plan to recycle all the waste from growing bananas and make useful products.
Anantapur district plans to generate ₹350 crore in annual revenue from banana fiber products.
The project aims to convert banana stem waste into eco-friendly products like bags and hats.
Approximately 12,000 hectares of land are under banana cultivation, generating significant biomass waste.
The initiative will support farmers, women's self-help groups, and rural employment.
Entrepreneurs can establish micro-units with an investment of ₹2 lakh, with potential for state subsidies.
- Who
- The district administration of Anantapur
- What
- Manufacturing eco-friendly products from banana fiber.
- When
- The initiative was announced on May 23, 2025.
- Where
- Anantapur district
- Why
- To transform agricultural waste into sustainable livelihoods and boost rural employment.
- Annual Revenue Target
- ₹350 crore
- Banana Cultivation Area
- 12,000 hectares
- Banana Biomass Waste
- 7.2 lakh tonnes annually
- Estimated Fiber Yield
- 14,000 tonnes annually
- Product Examples
- Bags, hats, household items, garments
- Micro-unit Investment
- ₹2 lakh
- Plant Investment
- ₹10 lakh - ₹30 lakh
- Initial Returns
- 25%