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English Release 24-July 2014
Date Month Year
  • President's Secretariat
  • President of India condoles the loss of lives of school children in a bus accident in Telangana
  • President of India inaugurates bank and post office at their new locations in the President’s estate
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  • PM condoles loss of lives in accident in Medak district
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  • Department of Atomic Energy
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  • Preparation of Nuclear and Radiation Safety Policy
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  • Launching of Mars Orbiter Mission Spacecraft
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  • Import Policy for Coal
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  • MALABAR – 2014
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  • Strengthening of India-Asean ties
  • Revisiting of nuclear liability bill
  • Hiring of consultants for business promotion
  • Complicated procedure for passports
  • Text of the Statement on Calling Attention Motion on "Situation Arising out of Indians Stranded in Iraq and Steps Taken by the Government in this Regard" in the Lok Sabha by the Minister
  • Ministry of Finance
  • Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year
  • Government Approves 19 Proposals of Foreign Direct Investment (FDI) Amounting to about Rs. 2326.72 Crore
  • Special Arrangements Made for Accepting Returns of Income
  • Min of Minority Affairs
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  • Scholarship to Students of Minority Community
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  • Min of New and Renewable Energy
  • Setting up of Biogas Plants
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  • Jawaharlal Nehru National Solar Mission
  • Installation of Solar Water Pumps
  • Min of Overseas Indian Affairs
  • Support to Indian workers overseas
  • Problem due to weak immigration laws
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  • Complaints against fraudulent recruiting agents
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  • Min of Personnel, Public Grievances & Pensions
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  • Min of Petroleum & Natural Gas
  • Delhi MPs meet the Petroleum and Natural gas Minister to discuss PNG issues
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  • Min of Power
  • Privatisation of Electricity Production
  • Power for All
  • Steps Taken To Increase Power Production
  • Ministry of Railways
  • Advance Booking of Reserved Train Tickets
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  • Modernisation of Railway Network
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  • Min of Social Justice & Empowerment
  • National Commission for Backward Classes
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  • Min of Statistics & Programme Implementation
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  • Ministry of Water Resources
  • Narmada Canal Project
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  • Areas under Water Bodies
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  • Indo-Nepal Joint Ministerial Commission on Water Resources
  • Flood Management
  • Min of Women and Child Development
  • Two lakh Anganwadi Centre Buildings approved for construction by Government in 12th Plan
  • Logo Design Competition launched for ‘Beti Bachao Beti Padhao’ Campaign

Previous Date

 
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.

DS/RK
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