Home / Knowledge / News / Textiles / Andhra Govt waives of loans of handloom weavers
Andhra Govt waives of loans of handloom weavers
11
Oct '10
Responding to the harsh criticism from the opposition that, it is disregarding the interest of the ailing handloom industry workers, the Andhra Pradesh Government has decided to waive the loans that it has extended to cooperative societies and individual weavers.

Information Minister, J Geeta Reddy, after a Cabinet meeting said that, the Cabinet has also passed on directions to APCOB, the apex institution of weaver's cooperatives to make sure that fresh loans are also sanctioned to the weavers. This would further lay a burden of Rs. 3.274 billion on the government treasury.

The government's move is seen to benefit more than 2.5 million weavers.

Reddy informed that, they were very much aware of the various difficulties confronted by the weavers like, drop in fabric production, mounting prices of raw material, etc.

Karimangar's Sircilla and Dubbaka in Medak district, Prakasam, Krishna, Nalgonda and East Godavari districts are the areas where handloom weavers are mainly concentrated.

Over the past few months, there have been incidences of weavers committing suicide, and the opposition has been blaming the ruling party for overlooking the problems of these weavers.

Fibre2fashion News Desk - India

Must ReadView All

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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

news category


Related Categories:
May 2017

May 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