Scheme for Waiver of Loans to Handloom and Powerloom Sector

Industries and Commerce Department

A loan waiver scheme that redeems the debt accrued by farmers, Self-Help Groups, Weavers, and powerloom unit operators to Scheduled Commercial Banks, Cooperative Banks, Urban Cooperative Banks, and RRBs through their branches/institutions in Andhra Pradesh. The scheme focuses on individual weaver loans, weaver group loans, and powerloom units below 5 HP capacity availing 50% power subsidy scheme. It also suggests measures for increased livelihood opportunities and improved prosperity.