AP govt releases Rs 108.19 Cr for handloom loan waiver

The Chief Minister N Kiran Kumar Reddy today released a sum of Rs 108.19 crore towards loan waiver for lakhs of handloom workers in the state.

Last Updated: Feb 06, 2011, 19:32 PM IST

Hyderabad: The Chief Minister N Kiran Kumar
Reddy today released a sum of Rs 108.19 crore towards loan
waiver for lakhs of handloom workers in the state.

The loan-waiver scheme is applicable for around 1.5 lakh
families of handloom workers and 450 primary handloom
cooperative societies who have taken artisans` loans
under PMRY and Rajiv Yuva Sakthi schemes, as well as from
private banks.

A sum of around Rs 60.65 crore was released towards
waiver of loans taken under District Central Cooperative Banks
and primary cooperative societies; Rs 31.94 crore were
released towards waiver of old loans taken from the Government
and Rs.16 crore towards waiver of loans taken from commercial
banks.

PTI