Subsidy on woolen yarn continues: Govt

Image
Press Trust of India New Delhi
Last Updated : May 14 2015 | 6:42 PM IST
The government today said it has not stopped giving subsidy on woolen yarn to weavers.
The clarification comes in the wake allegations by a Congress MP that this assistance was stopped in three states.
"The Government of India clarifies hereby that subsidy on woolen yarn has not been stopped and will continue to be available to weavers," the Textile Ministry said in a statement.
"Member of Parliament, Viplove Thakur, raised this issue during Zero Hour in Rajya Sabha on May 7. The MP stated that subsidy on woolen yarn used by weavers of Himachal Pradesh, Uttar Pradesh and Jammu & Kashmir has been stopped," it added.
"Women weavers have been badly affected due to this and are sitting idle. "Modi government should take care of the poor ...Swadeshi things are being removed," she had alleged.
The Congress member had alleged that the step had badly affected the livelihood of weavers in Himachal Pradesh, Uttar Pradesh and Jammu and Kashmir.
Thakur had alleged that while subsidy was being given to silk and cotton yarn weavers in Varanasi, which Prime Minister Narendra Modi represents, and Gujarat where he hailed from, it had been stopped for the poor weavers of woollen yarn.
Almost the entire opposition supported her in the demand with Anand Sharma (Cong) saying handloom and handicraft sector provided second largest employment in the country and care should be taken on restoration of subsidy on wool yarn.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 14 2015 | 6:42 PM IST

Next Story