Home breadcru News breadcru Handlooms breadcru Indian state allocates ₹10 cr in budget for promoting art, artisans

Indian state allocates ₹10 cr in budget for promoting art, artisans

25 Feb '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

The government of Indian state of Uttar Pradesh has made a provision of ₹10 crore in its 2021-22 budget to preserve and promote the art and artisans of traditional ‘matikala'. Interest-free loans of up to ₹10 lakh will be offered for reserved category beneficiaries and general category women and the same at 4 per cent annual interest will be offered for male beneficiaries of general category under the Mukhyamantri Gramodyog Rozgar Yojana.

In the handloom and textile sector, a target has been made to generate 25,000 jobs in 2021-2022.

The budget has also proposed power supply to power loom weavers at a subsidised rate, according to a news agency.

ALCHEMPro News Desk (DS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!