Home / Knowledge / News / Textiles / TN weavers' savings scheme will get govt contribution
TN weavers' savings scheme will get govt contribution
10
May '12
Tamil Nadu Chief Minister J Jayalalithaa has announced that the state government would contribute to the Tamil Nadu Co-operative Handloom Weavers Savings and Security Scheme, as the Centre has discontinued contributing to the same.

The CM said that beneficiaries of the said scheme contribute eight percent of their wages to the scheme, while the state government would contribute four percent of the wage earned by each weaver.

The contribution would cause the government to bear an additional burden of Rs. 50 million per annum, Ms. Jayalalithaa said, and added that around 76,051 handloom weavers in the state would benefit from the same.

She informed that the Centre discontinued its contribution under the Central Thrift Fund Scheme since 2007, after which the weavers had urged the state government to make up for the loss, and her government has accepted the request.

Prior to withdrawing itself from contributing to the scheme, the Central Government contributed four percent as matching contribution under the scheme.

The sum was deposited in the Government account and the interest earned on the same was used for implementing the family pension scheme, health package scheme and old age pension scheme for handloom weavers.

The state government also announced a rise in the grant provided to the sericulture farmers from Rs. 30,000 to Rs. 37,500 to help them modernise their silk worm rearing and farm equipments to raise productivity.

In all 1,200 farmers would get Rs. 450 million in grant from the state government, which would enable a farmer to raise his earnings to Rs. 100,000 per hectare, the CM said.

Fibre2fashion News Desk - India


Must ReadView All

Uzbekistan wants joint ventures with Hungarian textile firms

Textiles | On 20th Feb 2018

Uzbekistan wants joint ventures with Hungarian textile firms

Uzbekistan has offered Hungary to create joint ventures in the two...

Vietnam’s textile & garment exports up 10.68% in 2017

Textiles | On 20th Feb 2018

Vietnam’s textile & garment exports up 10.68% in 2017

Vietnam came very close to achieving its 2017 textile and garment...

Courtesy: Urban Outfitters

Apparel/Garments | On 20th Feb 2018

Urban Outfitters Q4 FY18 sales climb 5.7%

The net sales of Urban Outfitters, Inc., a leading lifestyle products ...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search