Andhra Pradesh government decided to waive loans taken by over 25,000 weaversamounting to a total of more than Rs 110 crore. The loan waiver will benefit 25,567 weavers in the state.
- Decision has been taken by the state Cabinet under the chairmanship of Chief Minister N Chandra Babu Naidu at a meeting held in Vijayawada.
State’s plans for waivers:
- The loan waiver cheques would be handed over to the beneficiaries in January 2016 on the occasion of Janmabhoomi programme.
- AP govt is a plan to provide interest-free loans to weavers to promote the traditional handloom sector in the state.
- Establishment of Textile Park at Yemmiganur to generate employment for handloom weavers.
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