565 lakhs to Telangana powerloom weavers in the State – Operational guidelines


Director of Handlooms & Textiles and Apparel Export Parks, Telangana State, Hyderabad has stated that there are (49,112) powerlooms in Telangana State, out of which the majority of (38,000) powerlooms are working alone in Sircilla Town. Due to insufficient earnings and fluctuations in the market, the powerloom weavers have become defaulters to the Banks. They are unable to pay back their Bank Loans taken for establishment of Powerloom Industry due to their meager income generated out of income on powerloom weaving. The individuals have taken loans from different banks and which have become overdue/NPA. An amount of Rs.1586.10 lakhs is outstanding as on 31.03.2014 by 1325 number of individual powerloom weavers who took loans from various Banks.

2. While furnishing the District wise loan due details, the Director of Handlooms & Textiles and Apparel Export Parks, Telangana State, Hyderabad has requested the Government to consider the request of the powerloom weavers and take a policy decision in the matter.

3. Government, after careful examination of the proposal of Director of Handlooms & Textiles and Apparel Export Parks, Telangana State, Hyderabad, hereby decide to waive off the Bank/State Finance Corporation/Co-Operative Bank loans of Rs.565.06 lakhs to the Powerloom Weavers, restricting the waiver upto Rs.1.00 lakh, in the State duly verifying the genuineness and thorough verification of the claims by the Director of Handlooms and Textiles and Apparel Export Parks, Telangana State, Hyderabad.

4. Further Government, hereby issue the operational guidelines for implementation of the loan waiver scheme for powerloom weavers in the State as mentioned in the Annexure annexed to this order.

5. The Director of Handlooms & Textiles and Apparel Export parks, Telangana State, Hyderabad shall take necessary further action in the matter accordingly and send progress report to the Government from time to time in this regard. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA)

OPERATIONAL GUIDELINES FOR IMPLEMENTATION OF POWERLOOM WEAVERS LOAN

WAIVER SCHEME:

1. The District Level Committee shall get undertaking from the bankers, that they shall extend fresh loans to the extent of repayment made to each of powerloom weaver whose outstanding loan has been waived, if he so desires for continuing the powerloom weaving related operations /activities.
2. The Bank has to furnish claim to the Assistant Director (H&T) along with sanction orders in respect of loans under Artisan Credit Cards (ACC) and Prime Minister’s Rozgar Yojana (PMRY) sanctioned to powerloom weavers towards powerloom activity.
3. The Assistant Director (H&T) on receipt of the claims from the respective banks will place consolidated particulars before the District Level Committee for their scrutiny and recommendation.
4. The Assistant Director (H&T) on getting approval of the District Level Committee will forward the claims to the Director of Handlooms & Textiles and Apparel Export parks, Telangana State, Hyderabad for approval.
5. After approval of the District Level Committee/ Director of Handlooms & Textiles and Apparel Export parks, Telangana State, Hyderabad, the amount shall be adjusted directly to the account of the individual powerloom weavers maintained by the banks and the Banks have to issue “No Due Certificate” to the concerned powerloom weaver under a copy to the Assistant Director (H&T) concerned.

6. The Director of Handlooms & Textiles and Apparel Export parks, Telangana State, Hyderabad shall verify the genuineness and thorough verification of the claims and release the claim amount to the respective Banks/State Finance Corporation/CoOperative Banks.
7. The entire process for settlement of loans/debts shall be completed on top priority and immediately and send progress report to the Government from time to time.

G.O.MS.No. 7 Dated:12-01-2015.
From the DH&T and AEPs (I/c), Telangana State, Hyderabad,Lr.No.386/2014-P,dt:08.07.2014


About Pavan

Advocate, Journalist and Founder of Telangana Navanirmana Sena From Mahabubnagar,Telangana State, India Email Me -- pavan@tgnns.com

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