(a) whether the Government has formulated any relief package for weavers of the
country including waiving off their loans; and
(b) if so, the details thereof, State/UT wise including the State of Chhattisgarh?
(a) whether the Government has formulated any relief package for weavers of the
country including waiving off their loans; and
(b) if so, the details thereof, State/UT wise including the State of Chhattisgarh?
The Minister of State in the Ministry of Finance (Shri Namo Narain Meena )
(a) & (b) The Government of India has approved Revival, Reform and Restructuring (RRR)
Package and Comprehensive Package for handloom sector to provide financial as well as input
support to the handloom weavers of the country including the weavers of Chhattisgarh.
The RRR package aims at waiving the overdue loans and interest of eligible handloom cooperative
societies and individual weavers as on 31.3.2010 and provides fresh credit with interest
subsidy of 3% for 3 years with credit guarantee to the societies and weavers which are being
benefitted under the RRR package.
On the other hand, the Comprehensive Package for handloom sector is for addressing the two
critical needs of the handloom sector, viz. subsidized credit and yarn. The credit related
interventions are (i) issuance of weaversâ credit card; (ii) interest subvention@3% for 3
years on fresh loans sanctioned; (iii) margin money assistance @ Rs.4200 per handloom weaver
and (iv) credit guarantee for 3 years. For ensuring the availability of subsidized yarn,
the Government of India is providing 10% price subsidy on domestic silk and cotton hank yarn
to handloom weavers.
The state-wise details with respect to RRR package for handloom sector, issuance of weaversâ
credit cards and loan sanctioned and yarn supply under 10% price subsidy is given in the
Annexure.