English Release 22-November 2014
- President's Secretariat
- State Civil Service Officers Undergoing the 116th Induction Training Programme At Lbsnaa Call On The President
- Vice President's Secretariat
- Vice President Emphasizes the Need for Continual Oversight to Ensure that Liberty is not Smothered in Material Prosperit
- Min of Defence
- National Cadet Corps Celebrates 66th Anniversary
- Ministry of Finance
- Competition Commission of India (CCI) Invites Comments from Public in Respect of Proposed Combination Between Holcim Limited and Lafarge S.A.
- Min of Health and Family Welfare
- Press Note on Ebola
- Min of Information & Broadcasting
- Team Of ‘Gour Hari Dastaan: The Freedom File’ Meets the Press at the 45TH IFFI
- Directors and Producers of Indian Panorama Opening Films in the 45th IFFI Interact with the Media
- Indian Philosophy of Mutual Respect and Love are My Source of Inspiration: Paul Cox
- ‘Salam Cinema’ Screening Opens Mohsen Makhmalbaf Retro
- Min of Petroleum & Natural Gas
- Review of Modified DBTL scheme after one week of launch on 15.11.14 in 54 districts
- Min of Urban Development
- Venkaiah Naidu, Urban Development Minister, delivers Keynote Address at US – India Smart Cities Conclave
- Shri M.Venkaiah Naidu visits market, residential areas in R K Puram, New Delhi to check cleanliness
- Ministry of Water Resources
- Government to Start Jal Gram Scheme in Every District Says Uma Bharti
- Our District-Our Water Programme to be Launched to take the Message of Water Conservation to Every Village of the Country-Uma Bharti
Ministry of Textiles12-December, 2012 18:06 IST
Impact of Recession on Handloom Sector |
|Information on and assessment of the impact of the economic development on the handloom sector is being obtained through the field officers of the State Governments and of Development Commissioner Handlooms, and the monitoring mechanisms of schemes. |
The Government of India approved two packages in November/December 2011 for the handloom weavers of the Country. The first package is for loan waiver of overdue loans and interest of handloom cooperative societies and individual weavers as on 31st March 2010. Under this Financial Package, provisions have been made for handloom cooperative societies and individual handloom weavers to obtain fresh loans after by waiver with interest subsidy of 3% for a period of 3 years and with credit guarantee. NABARD is the implementing agency of the financial package for loan waiver. 21 State Governments have signed MoU towards effecting legal and institutional reforms and providing state share and have made budgetary provision in their State budget towards State share amounting to Rs. 349.03 crore. Out of 43 Apex and 15765 functional primary societies, NABARD has completed special audit of 19 Apex and 5451 primary societies. Loan waiver and recapitalization amount assessed by special audit so far is Rs. 132.27 crore for Apex and Rs. 225.88 crore for primary cooperative societies. In addition, various SIMRCs have also assessed a sum of Rs. 72.18 crore for 38805 individual weavers and 2,399 Self Help Group. NABARD has sanctioned a sum of Rs. 220.68 crore for loan waiver, out of which Rs. 147.70 crore has been released by NABARD as loan waiver and recapitalization.
The second package is a Comprehensive package to provide cheap credit and subsidized yarn to all other handloom weavers and their cooperative societies. For easy credit availability to handloom weavers, the Government is providing Margin money assistance @ Rs. 4200 per weaver to individual weavers, their self help groups and joint liability groups, interest subvention of 3% per annum for 3 years and credit guarantee also for 3 years by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Till 3oth November, 2012, 13,772 WCC have been issued, loan amounting to Rs. 49.15 Crore have been sanctioned and Rs. 22.8 crore has been disbursed. The Government will pay the required guarantee fee and annual service fee. For yarn at reasonable prices, the Government has approved 10% price subsidy on silk and cotton hank yarn. Under 10% price subsidy, till 30th November 2012 1,03,626 yarn pass books have been issued and yarn valuing Rs.149.3crore has been supplied. The Government has also enhanced the freight reimbursement under Mill Gate Price Scheme for transportation of different types of yarn used by the handloom sector in order to offset the increase in fuel cost, in order to ensure availability of subsidized yarn in the handloom clusters in far flung areas of the country.
This information was given by the Minister of Textiles, Shri Anand Sharma in a written reply in the Rajya Sabha today.
(Release ID :90508)