Telangana to release Rs 93 crore to weavers under ‘Nethanna ku Cheyutha’

Weavers saved about Rs 31 crore and the government added Rs 62 crore as its share under the Thrift scheme.

By Author  |  Published: 23rd May 2020  7:45 pmUpdated: 23rd May 2020  8:12 pm
Nethanna ku Cheyutha
Representational Image

Hyderabad: Providing much needed relief to weavers, IT and Industries Minister KT Rama Rao on Saturday directed the officials to release about Rs 93 crore to weavers accrued under ‘Nethanna ku Cheyutha’ (Thrift) scheme well before the mandatory lock-in period of three years. The decision was taken to benefit about 26,500 weavers and help them gear up for post-COVID-19 world.

Weavers saved about Rs 31 crore and the government added Rs 62 crore as its share under the Thrift scheme. Weavers will have to wait for a minimum lock-in period of three years from the time of joining the scheme to redeem the amount. But considering the present situation amid COVID-19 pandemic, Minister Rama Rao decided to sanction the amount to the weavers immediately without waiting for three years. Each weaver will now receive anywhere between Rs 50,000 to Rs 1.25 lakh based on their savings. He instructed the officials to ensure that the money goes into the hands of the weavers at the earliest.

Further, the State government will release another Rs 1.18 crore to weavers who enrolled themselves under cooperative societies which completed an earlier savings scheme. “The State government has been supporting the weavers since the initiatial days of the State formation. Besides allocating major component of budget, the government initiated various programmes and schemes to create a demand for the products of weavers in the State,” the Minister said.

On the occasion, Rama Rao reviewed the status of the production of Bathukamma sarees, works of Kakatiya Mega Textile Park and Hyderabad Pharma City. He also held separate review meetings with various wings of the Industries department on issues pertaining to Aerospace and Defence.

TSIIC chairman Gyadari Balamallu, Principal Secretary for IT and Industries Jayesh Ranjan, Handlooms and Textiles director Shailaja Ramaiyer, TSIIC managing director Narasimha Reddy and other officials were present in the meeting.

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