Home / Knowledge / News / Textiles / UP CM seeks 30% subsidy on cotton yarn for weavers
UP CM seeks 30% subsidy on cotton yarn for weavers
27
Dec '11
Looking forward to improve financial conditions of the handloom weavers in the State, Uttar Pradesh Chief Minister Mayawati has written to Prime Minister Dr. Manmohan Singh seeking a grant of at least a 30 percent subsidy on cotton yarn.

The Chief Minister of the North Indian State also requested the PM to write off weavers' loans, just like the Centre has done for farmers.

She added that the 10 percent incentive on yarn granted by the Centre through a package for handloom weavers is quite insignificant.

She even stated that the loan waiver scheme for weavers is very much different than the one that the Centre announced prior to the last general elections.

The CM said that ensuring availability of yarn at a reduced rate has been a key demand of the weavers and it is the Centre's obligation to provide weavers with yarn at low cost through the National Handloom Development Corporation.

Ms. Mayawati also drew the PM's attention to the fact that there are around 250,000 handloom weavers in the State, majority of them living below the poverty line.

Considering the cut-throat competition in the market, the products prepared by these weavers cost more than those produced in the mills, and hence, they require financial backing to retain the competiveness of their products in the market, the CM said.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search