The Centre will soon set up a National Fund for Unorganised Sector for issuing loans to handloom weavers and artisans at subsidised rates, Savitur Prasad, Joint Secretary, National Commission for Enterprises in the Unorganised Sector, said on Tuesday.Talking to reporters here, he said the fund would be created with a dedicated start-up capital of Rs.500 crore, which would be increased to Rs.1,000 crore over the next five years. It would lend loans up to Rs.50,000 to artisans and weavers, based upon their financial ability.He said most skilled workers did not get credit on time; they borrowed from moneylenders at a high rate, and remained indebted for long.
Centre will set up fund for artisans and weavers
by , The Hindu, 12 November, 2008
In the light of a spate of suicide by weavers, a parliamentary panel has urged the government to take urgent steps for their welfare. The standing committee on labour led by CPI\'s S Sudhakar Reddy, which visited Sircilla in Andhra Pradesh where 23 weavers committed suicide in September and October, has in its report strongly recommended the setting up of a \"handloom bank\" on the pattern of Nabard and Sidbi. It has also called for immediate setting up of \"specialised branches in the highly concentrated zones of weavers from among nationalised cooperative banks\" to provide soft loans to weavers.
Take steps to curb suicides by weavers house panel to govt
by , Times of India, 13 November, 2008