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Silk sector witnessing continual growth in India

Related Keywords: among various projects of Textile sector, approved under two broad categories, based on progress of silk sector, during the last five years, estimated cumulative annual growth rate of 6.40 percent, IBSDP, Indian silk sector, ISDP, sericulture projects, under the scheme, witnessing continual growth

Indian silk sector is witnessing a continual growth in recent years at an estimated cumulative annual growth rate of 6.40 percent based on the progress of silk sector during the last five years, said Minister of State for Textiles Ajay Tamta on Monday in a written reply in the Rajya Sabha.

Tamta said that the Government of India has approved a project-based strategy for the North East Region under an umbrella scheme North East Region Textile Promotion Scheme (NERTPS)to boost the Silk sector in the region.

AP govt announces loan waiver scheme to handloom and powerloom sector

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.

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