Ministry of Textiles14-August, 2013 14:55 IST
Revising Package for Handloom Sector

Many States, including Andhra Pradesh, have requested for revising/modifying the guidelines of Revival, Reform and Restructuring (RRR) package for handloom sector. The State Government of Andhra Pradesh has requested to relax the existing norms under RRR package and extend the scheme to all the functional societies in the State so as to give benefit to the large number of weavers in the State.

On the requests from various State Governments including Andhra Pradesh, the Ministry of Textiles is seeking approval of the Government for relaxation in the eligibility norms for assessing the viable & potentially viable apex and primary weavers cooperatives societies, providing loan to handloom sector at 6% interest, as announced by Finance Minister in the budget of 2013-14, margin money assistance @ Rs.10,000/- per weaver besides extending the implementation of RRR package upto 31.12.2013. This would enable to provide benefit to large number of eligible primary weavers cooperative societies, apex under relaxed norms, which were left out of the ambit of RRR package.

This information was given by the Minister of State in the Ministry of Textiles Smt. Panabaaka Lakshmi in a written reply in Rajya Sabha today.

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DS/SJM/RK
(Release ID :98228)