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English Release 30-October 2014
Date Month Year
  • President's Secretariat
  • President to flag off the ‘Run for Unity’ tomorrow at Rashtrapati Bhavan
  • Vice President's Secretariat
  • STUDENTS FROM J&K UNDER AEGIS OF SADBHAVNA EDUCATIONAL /MOTIVATIONAL TOUR CALL ON VICE PRESIDENT
  • Vice President Inaugurates 7th Asia-Pacific Heart Rhythm Scientific Session
  • Prime Minister's Office
  • PM condoles loss of lives in Sri Lanka landslide
  • Shri Azim Premji calls on the Prime Minister
  • Goa CM calls on PM
  • Department of Space
  • Engineers’ Conclave-2014 to be held in Bangalore
  • Min of Agriculture
  • Shaida Moh. Abdali Afghanistan Ambassador Calls on Union Agriculture Minister Shri Radha Mohan Singh
  • Good Performance of NCDC
  • Min of Consumer Affairs, Food & Public Distribution
  • Sugar production estimated 250.46 lakh tons during 2014-15
  • Ministry of Finance
  • Government Announces Measures for Fiscal Prudence and Economy; Every Ministry / Department to Effect A Mandatory 10% Cut in Non-Plan Expenditure; Utmost Economy to be Observed in Organizing Conferences/Seminars/Workshops; Ban on Purchase of Vehicles; in all Cases of Air Travel, the Lowest Air Fare Tickets Available for Entitled Class to be Purchased/Procured.
  • Government Committed to Increase Savings Rate in the Country: Secretary, Financial Services;
  • Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money
  • Min of Health and Family Welfare
  • For ending TB, Dr Harsh Vardhan calls for “Power of belief”
  • Min of Home Affairs
  • Activities on Rashtriya Ekta Diwas celebrations on 31st October
  • Union Home Minister Approves Grant of Higher Compensation to Victims of Riots, Naxal and Terrorist Violence
  • Min of Human Resource Development
  • Ministry of HRD to Host 2nd Meeting of SAARC Education Ministers
  • Min of Minority Affairs
  • Shri Arvind Mayaram is New Secretary of Minority Affairs
  • Min of Personnel, Public Grievances & Pensions
  • Early closure of Government Offices today in connection with the “Run for Unity” flag off at Vijay Chowk
  • ACC Appointments
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 85.14 per bbl on 29.10.2014
  • Min of Urban Development
  • Japan offers assistance in promoting Intelligent Transport Systems
  • Ministry of Water Resources
  • Uma Bharti to Visit Kanpur Tomorrow
  • Min of Women and Child Development
  • Smt. Maneka Sanjay Gandhi to hold first round of Regional Consultations on Beti Bachao Beti Padhao Scheme in Chandigarh tomorrow

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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