29 May 2012

Special Package for Handloom Weavers


In his budget speech (2011-12), Union Finance Minister on 28.2.2011 had announced providing of Rs.3000 crore to NABARD, benefitting 15,000 cooperative societies and about 3 lakh handloom weavers.   Consequently, the Government has approved “Revival, Reform & Restructuring Package for Handloom Sector” having financial implication of Rs. 3884 crore on 24.11.2011. Of this Rs. 3884 crore, share of Government of India is Rs. 3137 crore and that of State Governments Rs. 747 crore. The Package covers loan waiver of 100% of principal and 25% of interest, which is overdue as on 31.03.2010 in respect of eligible individual handloom weavers and weavers cooperative societies.  Interest subsidy of 3% for 3 years is also extended with guarantee for the fresh loans sanctioned by the banks to individual weavers and the handloom cooperative societies covered by the loan waiver. The National Bank for Agriculture and Rural Development (NABARD) is the  implementing agency.

The data relating to loan provided through private and nationalized banks to handloom weavers in the last three years is not maintained by the Government.  However, NABARD has made an assessment about the overdue amount of loans as on 31.3.2010 in respect of handloom weavers and their cooperative societies, and the state-wise details for the same are given in Annexure

            The other handloom weavers, who are not benefited under the Revival, Reform & Restructuring Package, are provided financial assistance with subsidized credit, under the ‘Comprehensive Package for the Handloom Sector” with an outlay of Rs. 2362 crore.   This package addresses the twin needs of cheap credit and subsidized  yarn for this sector. Credit related interventions are operationalized through Integrated Handloom Development Scheme and these interventions are (i) Issuance of Weaver Credit Cards (ii) Interest Subvention @ 3% on fresh loan sanctioned for 3 years, (iii) Margin Money @ Rs.4200 per individual weaver (but  not for cooperative societies) and (iv) Credit Guarantee for 3 years.  The package also provides for supplying subsidized yarn with 10% price subsidy under Mill Gate Price Scheme with enhanced freight reimbursement rates to ensure that adequate cheap yarn is available to handloom sector in the country.
In addition to the above, five plan schemes of 11th Plan are being continued during 2012-13 for the development of the handloom sector and welfare of handloom weavers. These are i) Integrated Handloom Development Scheme; ii) Handloom Weavers Comprehensive Welfare Scheme; iii) Marketing & Export Promotion Scheme; iv) Mill Gate Price Scheme; and) Diversified Handloom Development Scheme.


Annexure

STATEMENT REFERRED TO IN REPLY TO PART (c) OF THE RAJYA SABHA UNSTARRED QUESTION No.4475 FOR 16.05.2012
State-wise Estimated Overdue  Loan waiver and Number of Beneficiaries


S. No.
Name of State
Overdue amount (Rs. crore)
Beneficiaries
No. of Societies
No. of Households in debt
1
2
3
4
5
1
Andhra Pradesh
506.64
1420
83841
2
Assam
72.93
2775
24752
3
Uttar Pradesh
499.38
3860
3259
4
Tamil Nadu
548.35
1224
21730
5
Kerala
557.16
758
7441
6
Orissa
320.69
720
10345
7
Meghalaya
2.56
0
100
8
Arunachal Pradesh
2.09
0
167
9
Chhattisgarh
34.7
270
243
10
Karnataka
41.73
658
9449
11
Madhya Pradesh
66.91
531
56
12
West Bengal
420.66
0
136521
13
Himachal Pradesh
2.03
193
78
14
Maharashtra
128.35
120
138
15
Bihar
20.88
1089
462
16
Tripura
17.92
9
297
17
Mizoram
1.76
162
289
18
Other States
i)
Delhi






276.24












1528





23
ii)
Gujarat
147
iii)
Haryana
23
iv)
Jharkhand
27
v)
Jammu & Kashmir
3783
vi)
Manipur
1429
vii)
Nagaland
156
viii)
Pondicherry
565
ix)
Punjab
2
x)
Rajasthan
770
xi)
Sikkim
9
xii)
Uttaranchal
183
Total
3520.98
15317
306285
This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi  in a written reply in the Rajya  Sabha.  

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