Revival, Reform and Restructuring Package for Handloom Sector - National Handloom Development Programme
01-Nov-2022 11:24:57NABARD Funding Support/Fund raising Assistance All Handloom weavers, Weaver cooperative societies Funding The RRR package was aimed at covering all viable and potentially viable apex and primary weaver cooperative societies (PWCs). The quantum of assistance for weaver societies and individual weaver was based on audits and recommendations of state implementation, monitoring and review committees.
The objectives of the financial package were:
a) Loan waiver and recapitalization of handloom weavers’ cooperative societies
b) Waiver of loans to individual weavers
c) Strengthening of weaver cooperative societies
d) Three percent interest subsidy for fresh loans to be changed to Six percent subsidy for fresh loans
e) Credit guarantee for fresh loans (administered by SIDBI)
f) Training for the functionaries and
g) Loss assessment exercise Revival, Reform and Restructuring Package for Handloom Sector - National Handloom Development Programme Both NABARD Entrepreneurs Funding NAScheme Provider :
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Relevant schemes (6)