Weavers

Housing finance firm WEAVER acquires Capital India Home Loans for Rs 267 cr

The company will raise up to Rs 800 crore from private equity funds to finance the acquisition and fuel its expansion plans

Weavers resort to 'suicide' in Telangana amid debt trap, no livelihood

The 'recent' suicide' of a weaver at Sircilla in Telangana has brought to the fore the alleged lack of work and adequate income in this textile hub, with the issue leading to a war of words between the opposition BRS and the Congress. Kudikyala Nagaraju recently died by suicide as he was unable to repay his debts and this came as a reminder of the tragedy of weavers ending their lives in the past. While it is being claimed 10 weavers have ended their life so far this year, the government has pegged the number at six, even as the BRS attacked the ruling Congress over the matter. Nagaraju (47), a weaver, took his life by consuming acid at Sircilla recently. "My husband borrowed some amount and failed to repay the lenders. He did not have the livelihood to take care of me and our two sons," Nagaraju's wife Lavanya told PTI. Similar is the story of Adicherla Sai Kumar (25) who committed 'suicide' in April this year as he was unable to repay the money he borrowed. "My brother was work

Govt approves Rs 13,000 cr PM Vishwakarma scheme, will benefit 3 mn workers

Union Cabinet on Wednesday approved a Rs 13,000 crore PM Vishwakarma scheme that will benefit about 30 lakh traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and barbers. Prime Minister Narendra Modi made the announcement about the scheme in his Independence Day address on Tuesday. Under the scheme, craftsmen will be provided a subsidised loan of Rs 1 lakh in the first tranche, and another Rs 2 lakh in the second tranche, communications minister Ashwini Vaishnaw said after the Cabinet meeting. The loans will be provided at a concessional interest rate of 5 per cent. On Tuesday, the prime minister announced that the scheme will be launched on Vishwakarma Jayanti on September 17.

Rajasthan govt approves proposal to upgrade skills of weavers, spinners

A state government official said: "This will help them become self-reliant and boost sales of khadi products"

Govt to train artisans, weavers to sell products on e-commerce platforms

The government will launch an outreach programme this year to train artisans, weavers and jewellery manufacturers to help them list their products on e-commerce platforms and tap export opportunities, a top official said on Tuesday. Highlighting the "huge export potential" of the one district one product (ODOP) scheme, ready-made garments, gems and jewellery and over-the-counter products, Director General Foreign Trade Santosh Kumar Sarangi said an outreach programme will be rolled out this year to impart training on how to onboard e-commerce platforms and display and market products. "We are going to launch a huge outreach programme where we will train our artisans, weavers, jewellery manufacturers, to onboard e-commerce platforms and export their products directly from there, without being dependent on anyone else," Sarangi said at an event.

Decision on special corporation for development of weavers soon: CM Bommai

He said the government has hiked the financial assistance to the weavers under the Nekar Sanman scheme to Rs 5,000

150k handloom agencies, weavers, 26,644 artisans on-boarded on GeM portal

The Ministry of Textiles has taken steps to onboard weavers and artisans on the Govt e-Marketplace (GeM) to enable them to sell their products directly to various govt departments and organizations

Stuck in time warp, UP's carpet hub refuses to be swept under the rug

An industry, unravelling: Work is demanding, pay just enough

Amazon to host 'Handicrafts Mela' from Sept 26 to support artisans, weavers

Over 800,000 artisans and weavers associated with 1,500 Amazon Karigar sellers and 17 government emporiums including Tantuja, Harit Khadi, Tribes India will benefit from this mela

For weavers, wait for govt relief continues to get longer in Uttar Pradesh

Weavers witnessed a near-complete erosion of the handloom value chain during the lockdown

Smriti Irani asks big commercial brands to source directly from weavers

Irani has called upon big commercial brands like BIBA and Arvind Mills to source cloth directly from the weavers

Modi govt committed to holistic development of weavers: Amit Shah

In a series of tweets, Shah said Prime Minister Narendra Modi's mantra of 'vocal for local' will surely boost the morale of the handloom sector

How PM Modi's iconic 'gamchha' face masks boosted employment in a UP town

Amid growing demand, e-commerce companies in Kanpur have been acquiring these gamchhas to sell them online

As oblivion looms over weavers, a group is speaking for their survival

The group's chief believes that reviving the handicraft and handloom sector could be a critical step in developing a more robust economy

K Radharaman of the House of Angadi is reinventing the weave

How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history

Weavers reel under post-GST hike in yarn prices

A post Goods and Services Tax (GST) hike in prices of fully drawn yarn (FDY) and partially oriented yarn (POY) by 5-7 per cent has sent the synthetic textile weaving industry reeling under margin pressures. The price hike has been caused by rising raw material prices such as purified terephthalic acid (PTA) and monoethylene glycol (MEG) which have spiked on the back of rising crude prices.However, at a time when several weavers, processors and traders are yet to register under GSTN, along with lack of clarity over accumulated duty credit and reverse charge mechanism (RCM), decentralised powerlooms and textile processing units are finding it tough to sustain under rising input costs."There is still uncertainty in the industry since registration process is still going on. Weavers, processors and traders are not in the position to buy or sell. At such a time, a price hike in raw materials is having a significant impact on our input costs as well as margins," said Ashish Gujarati, ...

FinMin working to converge all insurance schemes for weavers

Textiles Minister Smriti Irani says govt is planning to increase the level of insurance cover of handloom weavers under the MGBBY