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Government Provides 90% Subsidy for Handlooms: Union Minister Smriti Irani

Chennai:

Port Wings News Network:

Government of India is providing 90% subsidy to weavers for their handlooms and accessories under the Hathkargha Samvardhan Sahayata (HSS) Yojana. The scheme, launched in August 2016, meets the needs of the handloom weavers for assistance on a larger scale for looms and accessories.

The Scheme aims to provide financial assistance for technological upgradation to improve quality of the fabric and productivity.

Under HSS, financial assistance to the extent of 90% of cost of technological up-gradation item shall be borne by the Govt. of India while remaining 10% shall be borne by the beneficiary.

Union Textile Minister Smt. Smriti Zubin Irani requested the handloom weavers of the nation should utilize this 90% subsidy provided by the Union Government. She was felicitating Handloom Exporters at the 28th National Handloom Award function held at Chennai on 6 July 2018.

The Textile Minister also asked the weavers to take benefits provided under schemes like the MUDRA, which is bringing about dramatic changes in the Indian Economy. 28% of the beneficiaries under the MUDRA scheme are new entrepreneurs and 70% of them are women. Tamil Nadu is one of the states, which has majority of the beneficiaries under MUDRA scheme.

INTERNATIONAL MARKET AND TO BOOST EXPORTS

It was found out in 2009, that only one percent of the weavers’ children completed their high school education. Ministry of Textiles took  had signed an MoU with National Institute of Open Schooling and University. Under this arrangement, 75% of the fees of the children of weavers’ who study in these institutions, will be borne by the Union Government.

She assured the gathering that, no small weavers will be affected by the GST, as most of the weavers earn less than 20 lakh per annum and hence, will not fall the ambit of GST.

She urged the exporters to create awareness among the weavers not only on the GST issue, but also regarding the subsidies and other welfare schemes of the government.

The challenges like product diversification, design innovation and product placements should be taken as opportunities to grow in the international market and to boost exports.

She congratulated all the award winners and said that it is a moment of pride, that a place like Panipat, which is not a premier in handloom industry, has got most of the awards this year.

From Tamil Nadu Kwalitee Fabs – Karur, Cotton Concepts – Coimbatore, Coimbatore Cotton Concepts & Designs Pvt. Ltd. – Coimbatore, Rama Traders – Karur also received awards under various categories.

Handloom Export Promotion Council, a statutory body under Ministry of Textiles, has organized the 28th National Handloom Export Awards to the exporters for their excellent export performance during the years 2014-15 and 2015-16. Minister for Handlooms and Textiles of Tamil Nadu, Shri. O.S.Manian was also present in the occasion.

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