Anand Sharma Announces Comprehensive Package for Handloom Weavers

Government is actively seized with the concerned being faced by the handloom sector which employs 43 lakh weavers. In recent times, this sector has come under stress on account of high yarn prices and stiff competition from power loom and mill sector.

Apart from this, access to credit is not easily forthcoming. The bulk of handloom industry weavers are from UP, West Bengal, Orissa, North East and Southern belt, large number of which belong to the minority community and women. A focused attention to this sector is, therefore an imperative from the stand point of our ‘inclusive growth’ agenda.

Loan waiver for handloom weavers

On assuming charge of the Ministry of Textiles, Shri Anand Sharma had taken a comprehensive review of this sector. In the Budget 2011-12, the Government had announced a loan waiver package of Rs. 3,000 crores, which was expected to benefit 15,000 handloom weavers cooperative societies and 3 lakh handloom weavers, who had been unable to repay their loan on account of economic difficulties. However, a large number of weavers of U.P. who operate on an individual basis and are not organised in the cooperative sector, were left out of its ambit.

A meeting of Expenditure Finance Committee (EFC) was held yesterday and a decision of covering individual weavers also, a large number of whom are from UP, will be sent for consideration of the Cabinet.

Posted in: Anand Sharma,Comprehensive Package for Handloom Weavers,Handloom Weavers,Loan waiver