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Tamil Nadu claims first rank in Mudra scheme for weavers
16 Jun '18
1 min read
Tamil Nadu ranks first in India in the implementation of the 'Weaver Mudra Scheme' during 2016-17 and 2017-18, state minister for handlooms and textiles OS Manian told the assembly recently. The state disbursed 18,488 Mudra loans to the tune of ₹90.12 crore during 2017-18, higher than the 17,031 loans worth ₹82.38 crore disbursed in 2016-17, he said.
The Mudra scheme was started by the Indian textile ministry where large state-run banks extend concessional loans up to ₹5 lakh to handloom weavers in all states.
The state government has also allocated ₹49,045 lakh for the scheme to distribute free dhotis and sarees, a news agency report quoted the minister as saying.
An allocation of ₹43,644.45 lakh has been made for providing free electricity to powerloom weavers, while ₹484.05 lakh has been allocated for handloom weavers in the current fiscal, he said. (DS)
Fibre2Fashion News Desk – India
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