Centre to modernise powerlooms, set up bank for weavers
Nearly 23 lakh powerlooms would be modernised nationwide in the next few years, Union Minister for Textiles Kavuri Sambasiva Rao said today.
A Yarn Bank will be established soon to meet financial needs of weavers, he said, speaking after inaugurating a powerloom modernisation project at Sircilla in Karimnagar district.
Rao, during his visit, inaugurated a weaving centre and a textile park in Sircilla.
The Minister assured proper implementation of Government- backed health insurance scheme for weavers and promised to push for waiver of their loans.