Savings scheme for handloom weavers relaunched in Telangana

As part of the scheme, the State govt contributes 16% of the declared income against 8% contributed by the handloom weaver; handloom weavers and ancillary workers can enroll for the scheme

Hyderabad: Handlooms Minister K T Rama Rao on Monday relaunched the Nethanna ku Cheyutha savings scheme for handloom weavers and ancillary workers in the State.

A decision to this effect was taken during a meeting with Handloom department officials here on Monday. The Minister said handloom weavers and ancillary workers in the State can enroll for the savings scheme.

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As part of the scheme, the State government contributes 16 per cent of the declared income against 8 per cent contributed by the handloom weaver. Similarly, the government contributes eight per cent to the ancillary workers contribution of eight per cent. The scheme will ensure financial assurance for nearly 25,000 handloom weavers and 10,000 powerloom workers, the Minister said.

In undivided Andhra Pradesh the benefits of the scheme were confined to handloom weavers but after State formation, the benefits have been extended to powerloom workers too, he said. In the past, the scheme benefitted only weavers registered with societies but currently the scheme is open to handloom weavers, dyers, designers, weavers, winders and other ancillary workers, he said.

“More importantly, prior to Telangana formation,the State Government contribution was only eight percent but after State formation it has been enhanced to 16 percent” said Rama Rao.

This scheme has been very helpful to weavers during the hardships arising due to Corona pandemic. Considering their hardships, last year the Government facilitated to draw the accumulated funds and reap benefits before the expiry of lock-in period, the Minister said adding this move helped the weavers get benefitted to the tune of Rs.109 crore.

Since the scheme was beneficial to the weavers and as per the requests made by them, the State Government has responded positively and decided to extend the scheme this year as well, the Minister said.

“The Government has already released the requisite funds for the scheme. Telangana Government is committed for the welfare for weavers ” said KT Rama Rao.

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