New Delhi, Nov 27 (UNI) The Cabinet Committee on Economic Affairs(CCEA) today gave its approval for implementing the Integrated Handloom Development Scheme during the Eleventh Plan period to meet the committed liabilities of four erstwhile schemes.
The erstwhile schemes are (i) the Deen Dayal Hathkargha Protsahan Yojana; (ii) the Integrated Handloom Training Project; (iii) the Workshed-cum-Housing Scheme and (iv) the Integrated Handlooms Cluster Development Scheme.
The Centrally Sponsored Scheme will have a total budget provision of Rs 790 crores.
Briefing newspersons on the outcome of the CCEA decisions, Finance Minister P Chidambaram said the implementation of the scheme will benefit weavers in developing and diversifying new designs, products and skill up-gradation of looms.
Mr Chidambaram said the scheme will go a long way in providing a suitable workplace with market support. It is also expected to improve the earnings and socio-economic conditions of weavers.
Mr Chidambaram said the Scheme will be implemented for a period of five years from 2007-08 to 2011-12.
The year-wise requirement of funds will be as under: (1) 2007-08-- Rs 120 crores; (2) 2008-09-- Rs 145 crores; (3) 2009-2010-- Rs 160 crores; (4) 2010-2011---Rs 175 crores; and (5) 2011-2012-- Rs 190 crores.