Related Keywords: Andhra Pradesh government, announces debt waiver scheme, Finance Department gives approval, handloom and powerloom sector, implemented during Janmabhoomi programme, individual loan, loans against weavers credit cards, powerloom units with below five HP power connection eligible for the loan waiver scheme, under the scheme, Weavers Group loans
Andhra Pradesh government has announced debt waiver scheme to handloom and powerloom sector. Under this scheme loans worth Rs.110.96 crore will be waived. It was one of the election promises made by the Telugu Desam Party president N. Chandrababu Naidu along with the debt redemption scheme for farmers.
The loan waiver would be implemented during Janmabhoomi programme commencing from January 1 and the Finance Department also gave its approval.
