Hyderabad: Giving much needed succor to the weavers of Telangana State during the COVID19 pandemic, Minister K. Tarakarama Rao took a decision to release the weavers money has accrued under the ‘Thrift Scheme’ (Nethannaku Cheyutha) well before the lock-in period of three years.
Minister instructed the officials to ensure money goes into the hands of the weavers as soon as possible.
Minister said that the weavers have saved Rs 31 crores and the government added Rs 62 Crore as its share in the scheme. By implementing this decision, about 26500 weavers in the State will benefit financially.
In this scheme, the weaver will have a lock-in period of three years from the time of joining to redeem his money. But considering the present situation, Minister KTR decided to sanction the money to the weavers immediately without waiting for three years.
Each weaver now can access an amount anywhere between Rs 50,000 to Rs 1,25,000.
The government will also release another Rs. 1.18 Crore to the weavers who are enrolled under cooperative societies which have enrolled and completed an earlier savings scheme.
Minister stated that the Telangana government has been supporting the weavers from the inception of the state. He mentioned that the government has not only allocated major share in the budget but has also initiated various programs and schemes to create a demand for their products.
In today’s meeting, Minister KTR reviewed the status of the production of Bathukamma sarees. He also reviewed the works of Kakatiya Mega Textile Park and Hyderabad Pharma City.
Minister held separate review meetings with various wings of the Industries Department such as Aerospace and Defence.
TSIIC Chairman Gyadari Balamallu, Principal Secretary Jayesh Ranjan, Handlooms & Textiles Director Shailaja Ramaiyer, and TSIIC MD Narasimha Reddy were present in the meeting. (INN)