Welcoming the five per cent interest subsidy announced in the TUF, he urged the government to earmark part of the amount to disorganised powerloom sector running with age-old technology.

In a statement here, Mathivanan urged the centre to release the fund through commercial and cooperative banks along with financial institutions with relaxed conditions so that small units could also have access to the fund.

He also exhorted to government to take steps to ban the raw cotton export, to keep the cotton yarn price competitive. Mathivanan said the pdexcil would act as a nodel agency in identifying the powerloom units and helping in dibursement of loan.