This Assistance towards financial restructuring is available to National Level Handloom Organisations, State Handloom Corporations and Apex Weavers Cooperative societies / Federations only.
Assistance under this component is extended on 50:50 sharing basis between the Centre and the State and is given to make the handloom organisations viable by enhancing their credit limit/working capital.
Four State Level Organisations like Andhra Pradesh State Handloom Weavers Cooperative Society, U.P. State Handloom Corporation, The Tamil Nadu Handloom Weavers Cooperative Society and Karnataka Handloom Development Corporation have been provided assistance under this component so far.
Rest of these organisations have started performing better for this intervention.
New Initiatives
Integrated Handloom Cluster Development Scheme
To provide for development of handloom clusters in an inclusive and holistic manner and to build up their capacity to meet the challenges of the market and global competition in a sustainable and self-reliant manner, Integrated Handloom Cluster Development Scheme is being introduced in 20 handloom clusters at a cost of Rs. 40 crores.
The scheme will support weavers in the cooperative and outside including those of Self Help Groups, NGOs, small and medium Enterprises and attached weavers.
Following a holistic approach the programme will cover the entire needs of the handlooms sector in each cluster for supply of raw materials, marketing support, design inputs, upgradation of technology and welfare of the weavers.
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