Home / Knowledge / News / Textiles / Handloom clusters adopted by banks in Orissa
Handloom clusters adopted by banks in Orissa
13
Jan '09
The industrial clusters form the backbone of the small scale industry in India. But due to their small size, the enterprises are unable to access credit facilities from banks. But that is all set to change now, with the leading banks in the country, adopting 48 industrial clusters in Orissa, a state, located on the eastern coast of India.

This move on the part of the banks is expected to improve the flow of credit and help in their overall development. These clusters range across all sectors like, handloom, foundry, engineering tools, food processing, pharmaceuticals etc.

The leading banks of India like State Bank of India, Small Industries Development Bank of India (SIDBI), Allahabad Bank, Andhra Bank, Punjab National Bank, United Bank of India and Bank of Baroda are involved in this coordinated project.

Among the clusters which have been adopted are the handloom cluster at Nuapatna, Khurda, Raisunakhala, Baragarh, Dhenkanal , Baripada and Athamallik and weaving cluster at Siminai. Along with these, some retail trade clusters in different towns also have been adopted.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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