Handloom Sector to Get Central Aid

Published: 27th November 2014 06:05 AM  |   Last Updated: 27th November 2014 06:05 AM   |  A+A-

THIRUVANANTHAPURAM: The Central Government has sanctioned  Rs 141 crore for the revival, reform and  restructuring package for the handloom sector in the state for the current fiscal, Industries Minister P K Kunhalikutty said here on Wednesday.

The Minister, distributing Rs 9.6 crore as assistance to the primary societies in the handloom sector of nine districts in the  first phase, said that in 2012-13, Rs 3 crore had been distributed. In the second phase, the norms have been diluted to make 232 more societies eligible for assistance, Kunhalikutty said.

The Minister handed over the cheques to   District Cooperative Bank presidents of  Kollam, Alappuzha, Idukki, Ernakulam, Thrissur, Palakkad, Malappuram, Wayanad and Kasargode. Altogether, 54 societies in these districts have been benefitted. Assistance will be handed over to three more districts soon, the Industries Minister said.

He said as per the Central Government’s  rehabilitation package for the handloom sector   societies, 100 per cent loan liability and 25 per cent interests would be written off.   Kunhalikutty said Rs 58 crore had already been given to the Hantex.

The Industries Minister said Kerala is the first state to make use of the Central rehabilitation package for the handloom sector. He said the end beneficiaries will be the primary societies. The State Government would try to get more assistance from the Centre. The Central assistance had turned out to be a great relief to the handloom sector which had been reeling under severe crisis, the Minister said.

Industries Department Principal Secretary  Sathyajith Rajan, Handloom and Textiles  Department Director Sam C Itticheria were also present.

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