Press Information Bureau

Government of India

Ministry of Finance

07-December-2012 18:36 IST

The Ministry of Textiles has two schemes to support credit flow to handloom weavers in the country, viz, (i) Revival, Reform and Restructuring Package for the Handloom Sector and (ii) Institutional Credit Component under the Integrated Handloom Development Scheme under the comprehensive package for the Handloom Sector.

Under the Revival, Reform and Restructuring Package for the Handloom Sector, 20 apex and 5945 Primary Weavers Coop. Societies have qualified for inclusion under the Package norms. While implementing the Package in the year 2011-12 and 2012-13, a sum of Rs. 184.28 crore have been sanctioned as assistance covering weaver societies and 25146 individual weavers have been benefitted.

Under the Institutional Credit Component under the Integrated Handloom Development Scheme (IHDS) of the Comprehensive Package for the Handloom Sector, an amount of Rs. 6.53 crore has been released by NABARD as on 30.10.2012 to participating banks to extend the benefit to 12046 weaver families.

This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Lok Sabha today.

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DSM/RS/ka

 

Handloom credit support expands targeted assistance to weavers' cooperatives and family credit through bank-led institutional channels. Support for credit flow to the handloom sector is provided through the Revival, Reform and Restructuring Package and the Institutional Credit Component under the Integrated Handloom Development Scheme. The restructuring package qualifies apex and primary weavers' cooperative societies and channels assistance to societies and individual weavers. The Institutional Credit Component supplies funds to participating banks and development finance channels to extend credit to weaver families under the comprehensive package.