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

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search