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Low interest loan to weavers
25
Nov '10
Under the Comprehensive Handloom Cluster Development Scheme (CHCDS)introduced for integrated and holistic development of mega handloom Clusters, provision inter-alia exist for credit at concessional rate from lending Institutions. However, so far the proposals of the mega clusters have not matured to avail credit at concessional rate under the said scheme.

This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in a written reply in the Rajya Sabha to a question raised by Shri Narendra Kumar Kashyap.

The Minister further stated that loan is not extended under any of the schemes of the office of the Development Commissioner for Handlooms, Ministry of Textiles. However, to make the beneficiaries avail the working capital loan from the Banks, an amount of Rs.1279.693 lakh has been released as margin money during the last three years under Integrated Handlooms Development Scheme (IHDS).

Click here for Statement showing State-wise release of Margin Money under Integrated Handloom Development Scheme (IHDS).

Press Information Bureau

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