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Revival, Reform and Restructuring Package for Handloom Sector - National Handloom Development Programme

01-Nov-2022 11:24:57
Funding

Scheme Provider :

NABARD

Sector :

Funding Support/Fund raising Assistance

States :

All

Eligibility :

Handloom weavers, Weaver cooperative societies

Vertical :

Funding

Link for enrollment :
Details :

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

Introduction :

Revival, Reform and Restructuring Package for Handloom Sector - National Handloom Development Programme

Benefits :

Gender :

Both

Implementing Agency :

NABARD

Target Audience :

Entrepreneurs

Primary Domain :

Funding

Secondary Domain :

NA

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