A High Level Committee headed by the Managing Director, National Bank for Agriculture and Rural Development, Mumbai was constituted by the Ministry of Textiles (MoT) to evolve a financial package for the handloom weavers.
The Committee submitted it's recommendations on various aspects, including waiver of overdue loans/interest and providing the loan @ 7 percent p.a. A proposal, in this regard has been submitted to Ministry of Finance for their approval.
This information was given by the Minister of State for Textiles Shri E.V.K.S. Elangovan in a written reply in Lok Sabha.
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