The government waived about Rs 3521 crore loan of handloom weavers in India to help revive the sector. Minister of State for Textiles Panabaka Lakshmi declared that the loan waiver is one of the components of the scheme of Revival, Reform and Restructuring Package for Handloom Sector.
The government’s initiative is likely to benefit 15000 handloom weaver's cooperative societies and approximately 3 lakh individual handloom weavers across India. Kerala topped the list with Rs 557.16 crore loan waiver, followed by Tamil Nadu with Rs 548.35 crore, Andhra Pradesh Rs 506.64 crore and West Bengal Rs 420.66 crore.
All viable and potentially viable primary weavers cooperative societies and state level apex societies would benefit under the scheme.
The individual handloom weavers, weaver entrepreneurs, self-help groups and joint liability groups, who have taken loans for handloom weaving purposes would also be covered under the scheme.
There would be an overall ceiling of Rs.50000 to write off for individual beneficiaries.
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