Home / Knowledge / News / Textiles / Telangana to waive handloom weavers' loans up to Rs 1 lakh
Telangana to waive handloom weavers' loans up to Rs 1 lakh
Nov '17
Telangana to waive handloom weavers
The Telangana government will waive farmers’ loans up to Rs 1 lakh and loans taken by handloom weavers from nationalised banks and district cooperative central banks as working capital for production of handloom products from January 2014 to March 2017 are included in the waiver scheme, state industries and commerce minister KT Rama Rao said recently.

The state government will spend Rs 10.10 crore in the scheme to free around 2,500 handloom weavers from debt, Rao told the state legislatively assembly. Those how have repaid the loans will also get the benefit.

The state government had allocated Rs 1,270 crore to the handloom and powerloom industry in the 2017-18 budget to uplift the sector neglected by earlier governments, Rao said. The sector was affected by inadequate raw material supply and marketing, stiff competition from mills, and obsolete technology, according to media reports from the state.

The objective behind this allocation was to safeguard the sectors providing sustainable employment, the welfare of weavers, and to provide alternate sources of livelihood to the poor unemployed, he added.(DS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

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...

Mike Hoffman
Gildan Activewear SRL

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search