Mumbai, Nov 14 (UNI) More than 750 displaced workers of Madhavnagar Cotton Mills Limited in Sangli district of Maharashtra have been given compensation under the Textile Workers Rehabilitation Fund Scheme (TWRFS).
Union Textile Minister Shankar Sinh Vaghela disbursed an amount of Rs 2.83 crore to the displaced workers at Madhavnagar, an official release here said.
Mr Vaghela assured that the relief would soon be provided to the remaining 800 odd workers under the scheme. Madhavnagar Cotton Mills was among those textile mills that went out of business owing to market forces and lack of timely modernisation.
The Textile Workers Rehabilitation Fund Scheme was launched in 1986 to provide interim relief to textile workers rendered unemployed due to permanent closer of entire textile unit or a part thereof. The assistance is extended to eligible workers to enable them to settle in another form of employment.
So far, more than 96,000 workers of 67 closed textile mills in the country have been benefitted under the scheme. Out of which, nearly 3,000 workers of three closed mills in Maharashtra have been benefitted to the tune of Rs 6.50 crore. About Rs 245 crores have also been disbursed by the Government, the release said.
UNI VK OBB PY GC1959