chapter viii wool & wollen textiles industry - Ministry of Textiles

ministry of textiles
●
●
to textile designs through its website
www.designdiary.nic.in. The site
provides information relating to
national and international design
trends and colour forecast, design
pool, and cyber yellow pages, panel
of textiles designers and linkages to
other textiles related sites.
NCTD uploads various designs and
layouts developed by the professional
artists of the Weavers Service
Centres, based on the themes, and
make them available to users and
subscribers.
Off-line Activities: Include holding
of special exhibitions on sustained
basis for increased product exposure
and awareness regarding handlooms
products among the public.
The exhibitions of NCTD are held under
the title “Tantavi”, meaning “of the loom”
in Sanskrit, which is also the registered
trademark of NCTD. NCTD is also making
available the developed fabric samples
to the manufacturers and exporters for
development in large scale to cater local
and export market requirement. NCTD
converted full-length theme based fabric
samples into three-dimensional forms,
and displayed them in the exhibitions,
which drew due attention of the national
level manufacturers and exporters.
NEW INITIATIVES TAKEN DURING
2011-12 FOR THE HANDLOOM
SECTOR
(I) FINANCIAL PACKAGE for
HANDLOOM SECTOR
In the Budget announcement (2011-
12) on 28.2.2011, the Finance Minister
had announced that the Government
of India would provide Rs.3000 crore
for implementing the financial package
for handloom sector on All India basis.
The “Revival, Reform and Restructuring
Package for Handloom Sector” has
been approved with the total financial
implication of Rs. 3884 crore, out of
which Government of India’s share is
Rs. 3137 crore and the share of the
State Governments is Rs. 747 crore. The
component-wise details of the Financial
Package are at table 10.16.
The Package covers loan waiver of 100%
of principal and 25% of interest, which
is overdue as on 31.03.2010 in respect
of weavers and their societies. Interest
subsidy of 3% for 3 years will be extended
from the date of disbursal of the fresh
loan extended by banks to the eligible
handloom cooperative societies and
individual handloom weavers. Fresh loan
extended by the Banks will be guaranteed
for a period of 3 years, for which the
Table 10.16
Component-wise break of Financial Package
S.N. Component Rs. crore
1. Loan waiver and recapitalization of handloom weavers cooperative societies as on
31.03.2010.
2. Waiver of individual weaver loans as on 31.3.2010 500
3. Strengthening of weaver cooperative societies 88
4. 3% Interest Subsidy for fresh loans 180
5. Credit Guarantee for fresh loans 25
6. Training for the functionaries 30
7. Loss assessment exercise & Cost of Implementation 40
3021
Total 3884
128