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Tamil Nadu claims first rank in Mudra scheme for weavers
16
Jun '18
Tamil Nadu claims first rank in Mudra scheme for weavers
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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