Indian Govt implements revised handloom proposal package

20 Mar '13

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Eligibility norms of “viable” and “potentially viable” societies

Viable Apex & PWCs are identified based on the following norms/criteria.

(a) Capacity utilization during the last 3 years should have been equal or more than economic level of operation (Break even level).

(b) Net Disposable Resources (NDR) and net worth should be positive.

(d) Audit may be completed upto for the year 2009-10.

(e) Working capital/Cash credit limit should be rotated at least twice in a year.

Potentially viable Apex & PWCs are identified by the following norms /criteria:

(a) Net worth should be positive but incurring operative losses in not more than two of last three years. (Amended as four out of 5 years, vide order dated 11.6.2012.).

(b) Sales should be at least to the extent of 50% of average production for last 3 years.

(d) Working capital/Cash credit limit should be rotated at least once in a year. (Relaxed – to the extent that the societies should have not been sanctioned cash credit limit by the bank for past 2 years. Like-wise, if the society has not been sanctioned such credit limit by the bank for past 2 years and it is operating from their own through some Bank account could be considered, vide order dated 11.6.2012.)

Ministry of Textiles

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