Home / Knowledge / News / Textiles / Package for handloom sector

Package for handloom sector

02
Jul '09
The Government of India has formulated a Financial Package of Rs.3000 crore for waiver of the overdues of loans of the handloom cooperatives of the country and also, to provide loans at concessional rates of 7% per annum.

The package has been sent to the Ministry of Finance. This was stated by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in the Lok Sabha, in a written reply to a question by Dr. M. Thambidurai.

Furthermore, the Government of India is implementing the following scheme for development and welfare of the handloom weavers.

(i) Integrated Handlooms Development Scheme
(ii) Marketing and Export Promotion Scheme
(iii) Handloom Weavers Comprehensive Welfare Scheme
(iv) Mill Gate Price Scheme
(v) Diversified Handloom Development Scheme.

The Minister further informed that the Government of Andhra Pradesh, Tamilnadu, Karnataka, Tripura and Chhatisgarh has reported that handloom units in their States are not facing any threat of closure whereas the State Governments of Assam, Uttar Pradesh, Rajasthan, Mahatrashtra and Orissa have informed that some of the handloom units are facing threat of closure on account of competition from the mechanized sector, non-availability of credit, non-adaptability with the market requirements etc..

Press Information Bureau


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Oct 2020

US, Brazil update agreement on trade, economic cooperation

The United States and Brazil yesterday signed a new protocol relating ...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Pic: Shutterstock

Textiles | On 20th Oct 2020

CBN invests N120 bn to revive Nigeria's textile sector

The Central Bank of Nigeria (CBN) recently said it had invested over...

Interviews View All

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


October 2020

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


Advanced Search