YSR waives loans; Pochampally Handloom Park inaugurated

Centre being asked to waive loans of the distressed weavers also

The park spread over 24 acres has come up in Kanumukkala village in Nalgonda

HYDERABAD: In a major relief to the weaver’s cooperatives societies in the State, the government has announced waiver of loans to the tune of Rs. 330 crores.

Making the announcement after inaugurating Pochampally Handloom Park at Kanumukkala village in Nalgonda district on Sunday, Dr. Reddy said the government order pertaining to the waivers would be issued within a week. “We are also trying to ensure that the weaver’s loans are also waived. I am persuading the Centre to actively consider the waiver of loans for the distressed weavers, which will benefit them a lot,” he added.

The first of its kind park developed under the Union Government’s Integrated Textile Park scheme at a cost of Rs. 47 crores has come up on 24 acres. It will provide direct employment to more than 10,000 weavers ensuring them minimum monthly income of Rs. 4,000 each. The Park consists of training, weaving and processing blocks, design and CAD CAM centres and effluent treatment plant. The Park has 2,000 improvised handlooms with a capacity to weave 40-lakh metres of cloth per annum.

Dr. Reddy wanted the weaver’s to adhere to the guidelines stipulated by the APCO while weaving the cloth. “Government will take up the responsibility of marketing the cloth by procuring it from APCO,” he remarked. Referring to a plea by the Bhongir MLA Uma Madhava Reddy, the Chief Minister said the government had already spent Rs. 500 crore to provide fluoride free water to 85 per cent of villages in Nalgonda. The remaining areas would be covered shortly.

Union Minister for Textiles Shankersinh Vaghela said the Pochampally Handloom Park was set according to international standards. He hoped that the Park would enable production of high quality products for meeting large scale requirements. Minister for Textiles and Handlooms, P. Sabitha Indra Reddy explained the initiatives taken by the Government to help the weavers in the State.

Minister for Information and Technology R. Damodar Reddy, party legislators, K.Venkat Reddy and Vedas Venkaiah, MLCs – Nethi Vidyasagar and Ch Seetaramulu, Nalgonda Collector M.Purushotham Reddy and others were present.