The Centre has set a target of modernising 23 lakh powerlooms and also establish a separate bank to meet financial needs of weavers.
Nearly 23 lakh powerlooms would be modernised nationwide in the next few years, Union Minister for Textiles Kavuri Sambasiva Rao said today.
A Yarn Bank will be established soon to meet financial needs of weavers, he said, speaking after inaugurating a powerloom modernisation project at Sircilla in Karimnagar district.
Rao, during his visit, inaugurated a weaving centre and a textile park in Sircilla.
The Minister assured proper implementation of Government- backed health insurance scheme for weavers and promised to push for waiver of their loans.
