MUDRA loans with loan amount of 246.24 Cr sanctioned to Handloom Sector

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Ministry of Textiles
Ministry of Textiles

The Union Minister of State for Consumer Affairs, Food and Public Distribution, Smt. Darshana Jardosh in a written reply to a question in Lok Sabha today shared that 44,037 number of MUDRA loans with loan amount of Rs.246.24 crore have been sanctioned to handloom sector during the last three years and current financial year (upto 31.10.2022) under Concessional Credit/Weaver MUDRA Scheme.

Ministry of Textiles, Government of India has written to Chairman/CEO/MD/President of all Banks and State Governments to sensitize Bank branches about the scheme, register on portal, expeditious sanction/disbursement of loans and organize regular meetings to monitor the progress for increasing number & amount of loans to weavers, across the Country.

Ministry of Textiles, Government of India has requested State Governments to sponsor maximum number of loan applications for handloom pockets. Further, intensive publicity through newspapers, Awareness Camps/ Chaupals & distribution of pamphlets in weavers’ pockets are being organized in association with State Governments & banks concerned to encourage and educate handloom weavers for availing loan benefits. Local Public Representatives are also being invited in Awareness Camps/Chaupals for their affirmative impact on the handloom workers.

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