UP CM seeks 30% subsidy on cotton yarn for weavers

Looking forward to improve financial conditions of the handloom weavers in the State, Uttar Pradesh Chief Minister Mayawati has written to Prime Minister Dr. Manmohan Singh seeking a grant of at least a 30 percent subsidy on cotton yarn.

The Chief Minister of the North Indian State also requested the PM to write off weavers’ loans, just like the Centre has done for farmers.

She added that the 10 percent incentive on yarn granted by the Centre through a package for handloom weavers is quite insignificant.

She even stated that the loan waiver scheme for weavers is very much different than the one that the Centre announced prior to the last general elections.

The CM said that ensuring availability of yarn at a reduced rate has been a key demand of the weavers and it is the Centre’s obligation to provide weavers with yarn at low cost through the National Handloom Development Corporation.

For more details please visit : UP CM seeks 30% subsidy on cotton yarn for weavers @ Fibre2fashion

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India approves Rs 23.5 bn package for handloom weavers

The Government of India has approved a Rs. 23.5 billion package for the benefit of handloom weavers in the country, Textiles Minister Anand Sharma said in Lok Sabha, the Lower House of Parliament.

The comprehensive package will enable the crisis ridden handloom sector in the country to meet its important needs of cheap hank yarn and credit at low interest rates.

The Minister said the package has been made by modifying the two existing schemes - Integrated Handlooms Development Scheme for availability of cheap credit and Mills Gate Price for availability of subsidized hank yarn.

The Rs. 23.5 billion package includes providing 3 percent interest subvention to weavers for three years.

The subsidized credit to the weavers will be made available through SIDBI, NABARD and the nationalized banks, while the National Handloom Development Corporation (NHDC) would provide subsidized yarn.

For more details please visit : India approves Rs 23.5 bn package for handloom weavers @ Fibre2fashion

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Protecting handloom from powerloom & mechanised sector

To protect handlooms from Powerlooms and mechanized sector, the Handlooms (Reservation of Articles for Production) Act, 1985 is being implemented by the Ministry. Under the Act 11 textile articles are at present reserved exclusively for production on handlooms (with certain technical specifications.)

The Enforcement Offices of the O/o the D. C. Handlooms, Weavers Service Centers and State Governments/UTs are regularly inspecting Powerlooms and Mills to prevent violation of the provisions of he the Act.

In addition to this, Central Assistance is also given to 09 State Governments to set up an Enforcement Machinery in the state to ensure that there is no violation of the Handlooms (Reservation of Articles for Production) Act, 1985. These nine States are namely Andhra Pradesh, West Bengal, Gujarat, Rajasthan, Madhya Pradesh, Haryana, Tamil Nadu, Uttar Pradesh and Kerala.

For more details please visit : Protecting handloom from powerloom & mechanised sector @ Fibre2fashion

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40 sick spinning mills in Karnataka down shutters

All in all 40 spinning units in Karnataka including 37 private sector units have been closed down after turning sick.

The Karnataka State assembly was informed regarding this closure by State Minister for Textiles Varthur Prakash who informed that after 40 mills ceased operations due to financial constraints, now there are 66 mills functional in the state which includes 11 in the cooperative sector.

Apprising about the steps initiated by the state government to improve the financial condition of the spinning units functioning in the cooperative sector, the Minister said that National Cotton Development Corporation (NCDC) extended financial aid to these mills, and added that the Hulakoti based Gadag Cooperative Spinning Mill was provided a sum of Rs. 73.6 million to make it economically viable.

Mr Prakash further informed that the government also allocated Rs. 135 million for revitalization of the Banahatti based Banahatti Co-operative Spinning Mills.

For more details please visit : 40 sick spinning mills in Karnataka down shutters @ Fibre2fashion

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Sikkim Imparts Training in Screen Printing

The Sikkim Consultancy Centre, Gangtok has organized a Skill Development Programme on Screen Printing at Gangtok with an aim to provide skill training to the people of the region and thereby open new employment avenues for them.

The three-week programme that commenced with 21 participants would go on till December 19 and efforts would also be made to get placement for these trainees.

The Skill Development Initiatives (SDI) envisage growth, promotion or broadening the horizons of the skills that the trainees already possess, and are mostly intended for rural people who are hunting for paid employment or sources of income through individual efforts or through group activities.


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National Fibre Policy to Form Part of India’s 12th Plan

The inclusive National Fibre Policy intended at ensuring sustainability and development of the fibre industry by ending the discrepancies in taxation and pricing structure of several fibres in the country, would now be included in India’s 12th Five Year Plan (2012-2017), Textiles Secretary Rita Menon has said.

On the sidelines of an event for promotion of technical textiles, she informed that the Policy proposal has been pending with Cabinet since 2010, and they now propose to include the same in the 12th plan document, and its acceptance by the Planning Commission would serve as a key to take it forward.

The Policy could not be notified in 2010 as various concerned departments raised issues over tax rate volatility in succeeding financial years, Ms. Menon said, and added that with a view to firmly position India on the world fibre map, the Government had devised a draft policy with a decadal approach for 2010-2020 period.

The draft policy is aimed at fortifying the existing framework and extending institutional and technological assistance for accelerating the development of the country’s fibre industry.

For more details please visit : National Fibre Policy to Form Part of India’s 12th Plan @ Fibre2fashion

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Indian Govt Unfolds Package to Support Handloom Weavers

As part of the Handloom package, Government has announced a six fold strategy to offer financial support to handloom weavers. Under the Scheme, weavers will be eligible to margin money assistance of Rs. 4200 to Rs. 5400 per head and interest subsidy of 3 percent on loans for a period of 3 years and Weavers Credit Cards will be issued to eligible individual weavers to enable them to access loans upto Rs. 2 lakh in a period of 3 years without any collateral security.

Government has convened stakeholders meetings at Ministerial level to assess the slowdown in the industry. The Cotton Advisory Board (CAB) and Cotton Yarn Advisory Board (CYAB) meetings held on 15th November 2011 assessed domestic mill consumption for 2011-12 at 210 lakh bales down from 240 lakh bales of cotton; and cotton yarn production down from 3900 million kgs to 3200 million kgs indicating the slowdown in textiles industry.

Government is considering industry representations for a moratorium on loans for capital intensive requests and special relaxation in RBI’s prudential norms to avoid asset reclassification or additional provisioning to address the textile industry slowdown.

For more info please visit : Indian Govt Unfolds Package to Support Handloom Weavers @ Fibre2fashion

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