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Proposed financial package for weavers under examination
12
Mar '10
A high committee headed by Managing Director, National Bank for Agriculture and Rural Development was formed by this Ministry to look into the problems of high cost of working capital and choking of credit lines in the handloom sector.

The committee prepared a Financial Package in this regard whose proposals inter-alia include Waiver of overdue interest and overdue loans of Handloom Weavers` Cooperative Societies. The proposal is under examination. This was stated by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in the Lok Sabha , in a written reply to a question by Shri Ijyaraj Singh and Shri Gorakh Prasad Jaiswal.

The Minister further stated that Government of India is implementing five schemes during the Eleventh Five Year Plan for the development and welfare of handloom weavers such as i) Integrated Handloom Development Scheme, ii) Marketing and Export Promotion Scheme, iii) Handloom Weavers Comprehensive Welfare Scheme, iv) Mill Gate Price Scheme an v) Diversified Handloom Development Scheme.

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