Centre to pay 90 percent cost of new looms to weavers: Textiles Minister Smriti Irani

By: |
New Delhi | April 06, 2017 9:00 PM

This move is among various measures which have been initiated to help weavers, including a dedicated helpline for them, she said in the Lok Sabha.

Textiles Minister Smriti Irani. (PTI)

The Centre would fund 90 percent cost of new looms for weavers to replace the old ones, Textiles Minister Smriti Irani said today. This move is among various measures which have been initiated to help weavers, including a dedicated helpline for them, she said in the Lok Sabha.

Responding to concerns raised by CPI-M member P K Sreemathi Teacher about the problems faced by the handloom industry in Kerala, Irani assured that she would try her best to help the handloom weavers in Kannur, Kerala.

Also watch:

Old looms can be replaced with new ones as the government would pay 90 percent cost to the weavers to help them renew their looms, Irani noted.
The government, in January, started a special helpline, especially for weavers. “I will also personally visit Kannur and try and help to the best of my ability,” she said.

During the Zero Hour, the member mentioned about the problems faced by Kerala’s handloom industry including financial issues and lack of rebate assistance to weaving accessories.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Apple ‘Unleashed’ October 2021 Event LIVE updates: M1X MacBook Pro, Mac Mini and AirPods 3 expected
2Coal India arm MCL dispatches over 5.47 lakh tonnes of dry fuel
3Why capex pace for small, mid-sized firms might take longer time than large manufacturers to pick up