Rs 65 crore loan waiver promise for TN weavers

He said this while campaigning for the Sulur Assembly bypolls, scheduled to be held on May 19.

Published: 15th May 2019 02:40 AM  |   Last Updated: 15th May 2019 02:40 AM   |  A+A-

Edappadi K Palaniswami, Tamil Nadu CM

Tamil Nadu CM Edappadi Palaniswami (File Photo| EPS)

By Express News Service

COIMBATORE: Chief Minister Edappadi K Palaniswami on Tuesday assured small and micro-level weavers that capital loans availed by them before March 31, 2017, totalling Rs 65 crore, would be waived by his government. He said this while campaigning for the Sulur Assembly bypolls, scheduled to be held on May 19.

The Chief Minister also promised that steps would be taken to waive the principal, interest and penalty on construction loans availed by handloom and powerloom weavers in Cooperative Society. “The AIADMK government is committed to protecting the weaver community,” he said.

Sulur, where he was campaigning, is dominated by weavers. “The government is taking several steps to eradicate their sufferings. The government will also take steps to safeguard the sector from problems faced under the GST regime,”

Palaniswamy said. He also recalled that AIADMK government has given 250 units of free electricity for handloom weavers and 750 units of free electricity for powerloom weavers to improve their business prospects.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp