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Telangana incentives to boost handloom

Nov 06, 2017
Telangana incentives to boost handloom

The Telangana Government recently announced a host of measures, including a Rs 10.5-crore loan waiver, setting up of handloom and powerloom corporations 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.