CCEA approves rebate scheme to sell handloom products
14 Aug '06
2 min read
The Cabinet Committee on Economic Affairs (CCEA) gave its approval for re-introduction of “Scheme for reimbursement of one time rebate @ 10 percent given by the handloom agencies on sale of handloom cloth” for a period of 3 years beginning from the year 2006-07 with a budget provision of Rs.100.00 crore (Rs.20 crore during the year 2006-07, Rs.40 crore each for the years 2007-08 and 2008-09).
The Scheme will be 100 percent funded by the Central Government.
After the introduction of Scheme the National Handloom Organisations / National Handloom Development Corporation (NHDC) / Handicrafts and Handlooms Export Corporation (HHEC) / State Handloom Corporations / State Handloom Apex Cooperative Societies and Primary Handloom Weavers Cooperative societies will be eligible to get assistance for a period of 3 years w.e.f. 2006-07 on the sales generated during fairs, festivals, exhibitions, melas, expos, and events approved by the Office of the Development Commissioner (Handlooms).
With the assistance under the Scheme, the handloom agencies will be in a position to sell their unsold handloom cloth faster by giving rebate to the consumers.
The Scheme will be implemented through the State Governments. The assistance will be released to the State Governments/UT for payment to the implementing agencies.
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