Home / Knowledge / News / Textiles / Textiles Minister urges for waiving weavers' loans
Textiles Minister urges for waiving weavers' loans
Dec '10
The Union Government may soon waive the weavers' cooperative loans, said Dayanidhi Maran, Union Textiles Minister. Maran, who headed the foundation ceremony of a mega handloom cluster in Tamil Nadu, said that in accordance with the DMK government's scheme of waiving the crop loans of cultivators in Tamil Nadu, he is trying to get the weavers' loan up to Rs 20 billion waived off.

Deputy Chief Minister of the State, M.K. Stalin laid the cornerstone of the project involving a total investment of Rs 870 million, with the Centre financing Rs 700 million of it. He said that, Maran has strongly pleaded the Finance Minister to consider writing off the loans of the weavers which they have received through the cooperative societies.

Stalin said that Dayanidhi Maran will make sure that these loans get waived in order to stand up to the expectations of the weavers. Stalin also presented a list of other weaver-oriented projects that the Centre has approved, which even includes a silk park project in Kancheepuram on the basis of the State Government's demands.

He further said that, all the promises made prior to the last assembly elections in 2006 were fulfilled, and that the CM has rather excelled to accomplish even those schemes which were not promised during the elections.

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

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Rupa Sood and Sharan Apparao

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

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...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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