Home / Knowledge / News / Textiles / Telangana announces measures to boost handloom sector
Telangana announces measures to boost handloom sector
01
Nov '17
Telangana announces measures to boost handloom sector
The Telangana government recently announced a host of measures, including a Rs 10.5-crore loan waiver, setting up of handloom and powerloom corporations, deadline of November first week for implementation of subsidy for yarn, chemicals and dyes, and administrative sanction for a handlooom park in Gadwal city, to boost the handloom sector in the state.

After holding a review meeting of various initiatives of the state handloom and textiles department in Hyderabad, handloom and textiles minister KT Rama Rao instructed officials to take expedite the process of loan waiver that will benefit about 2,500 handloom weavers, according to media reports from Telangana. Each weaver will receive a loan waiver of up to Rs one lakh.

A subsidy of 40 per cent is being extended to the handloom sector and 10 per cent for the powerloom sector in the State.

The minister asked the officials to ramp up the Weavers’ Thrift Scheme launched recently and conduct special drives to ensure that all weavers are enrolled in this scheme.

He also asked principal secretary Jayesh Ranjan and Shailaja Ramaiyer, director of handlooms and textiles, to complete the formalities for the creation of two corporations for powerloom and handloom so that necessary corpus funds could be allocated. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


August 2018

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

news category


Related Categories:

Advanced Search