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State Government announced waiver of loans to weaver cooperative societies
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State Government announced waiver of loans to weaver cooperative societies

Chief Minister inaugurated Pochampally Handloom Park

The Chief Minister, Dr.YS Rajasekhara Reddy after inaugurating the Pochampally Handloom Park at Kanumukkala village in Nalgonda district on Sunday announced the waiver of loans to the tune of Rs.330 crores to the weaver's cooperative societies across the State. He said the order to this effect will be issued within a week. He said that the government is also trying to ensure that the weaver's loans are also waived and the government is persuading the Centre to actively consider the waiver of loans that will benefit them a lot.

This is the first of its kind park developed under the Union Government's Integrated Textile Park scheme at a cost of Rs.47 crores has come up on 24 acres. It will provide direct employment to more than 10,000 weavers ensuring them of the minimum monthly income of Rs.4,000 each. The park consists of training, weaving and processing blocks, design and CAD CAM centres and effluent treatment of plant. He said that the Park has 2,000 improvised hand looms with a capacity to weave 40 lakh metres of cloth per annum.

He asked the weavers to adhere to the guidelines stipulated by the APCO while weaving the cloth and the government will take up the cloth by procuring it from APCO. The Union Minister for Textiles Shankersinh Vaghela said that the Pochampally Handloom Park was set according to international standards. The Minister for Textiles and Handlooms, P Sabita Indra Reddy explained the the initiatives taken by the government to help the weavers in the State.

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