Cabinet clears Rs 3,884 cr relief package for weavers

New Delhi: The Cabinet has cleared a debt waiver package of Rs 3,884 crore for handloom weavers, Commerce and Industry Minister Anand Sharma, who holds additional charge of Textiles Ministry, said on Friday. "The Cabinet has cleared restructuring package for hanloom sector which will give immense relief to weavers. This package is for Rs 3,884 […]

New Delhi: The Cabinet has cleared a debt waiver package of Rs 3,884 crore for handloom weavers, Commerce and Industry Minister Anand Sharma, who holds additional charge of Textiles Ministry, said on Friday. "The Cabinet has cleared restructuring package for hanloom sector which will give immense relief to weavers. This package is for Rs 3,884 crore," he told reporters here.

The Union Cabinet headed by Prime Minister Manmohan Singh had met on Friday. Sharma said the package will benefit 13 lakh weavers, including two lakh from the poll bound Uttar Pradesh. Last week, the Centre had announced that it would implement a Rs 6,234 crore package. The remaining Rs 2,350 crore was for a six-fold strategy to uplift weavers during the 12th Plan (2012-17).