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.

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

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close