Home / Knowledge / News / Textiles / TN weavers' savings scheme will get govt contribution

TN weavers' savings scheme will get govt contribution

10
May '12
Tamil Nadu Chief Minister J Jayalalithaa has announced that the state government would contribute to the Tamil Nadu Co-operative Handloom Weavers Savings and Security Scheme, as the Centre has discontinued contributing to the same.

The CM said that beneficiaries of the said scheme contribute eight percent of their wages to the scheme, while the state government would contribute four percent of the wage earned by each weaver.

The contribution would cause the government to bear an additional burden of Rs. 50 million per annum, Ms. Jayalalithaa said, and added that around 76,051 handloom weavers in the state would benefit from the same.

She informed that the Centre discontinued its contribution under the Central Thrift Fund Scheme since 2007, after which the weavers had urged the state government to make up for the loss, and her government has accepted the request.

Prior to withdrawing itself from contributing to the scheme, the Central Government contributed four percent as matching contribution under the scheme.

The sum was deposited in the Government account and the interest earned on the same was used for implementing the family pension scheme, health package scheme and old age pension scheme for handloom weavers.

The state government also announced a rise in the grant provided to the sericulture farmers from Rs. 30,000 to Rs. 37,500 to help them modernise their silk worm rearing and farm equipments to raise productivity.

In all 1,200 farmers would get Rs. 450 million in grant from the state government, which would enable a farmer to raise his earnings to Rs. 100,000 per hectare, the CM said.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 6th Mar 2021

USTR releases 2021 President’s Trade Agenda, 2020 Annual Report

The Office of the United States Trade Representative recently...

Pic: Jilsander

Fashion | On 6th Mar 2021

Italy's OTB acquires Jil Sander brand from Onward Holdings

Japan's Onward Holdings has announced selling its loss-making Jil...

Pic: Shutterstock

Apparel/Garments | On 6th Mar 2021

Garment industry coalition calls for democracy restoration in Myanmar

A coalition of nine EU and US initiatives linked to the garment,...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile industry, Head honchos

Textile industry
Head honchos

GenNext is slowly but surely adapting to global trends and practices

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Laxmikant Rathi,

Laxmikant Rathi

With more than 60 years of experience in the textile industry, Ideal...

Jos Notermans,

Jos Notermans

SPGPrints is a global provider of integrated solutions for rotary screen...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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

Leave your Comments


March 2021

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


Advanced Search