AP govt releases Rs 108.19 Cr for handloom loan waiver

Written by: Pti
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Hyderabad, Feb 6 (PTI) The Chief Minister N Kiran KumarReddy today released a sum of Rs 108.19 crore towards loanwaiver for lakhs of handloom workers in the state.

The loan-waiver scheme is applicable for around 1.5 lakhfamilies of handloom workers and 450 primary handloomcooperative societies who have taken artisans'' loansunder PMRY and Rajiv Yuva Sakthi schemes, as well as fromprivate banks.

A sum of around Rs 60.65 crore was released towardswaiver of loans taken under District Central Cooperative Banksand primary cooperative societies; Rs 31.94 crore werereleased towards waiver of old loans taken from the Governmentand Rs.16 crore towards waiver of loans taken from commercialbanks.

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