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Andhra Pradeshsocial-welfare-empowerment

Scheme For Waiver Of Loans To Handloom And Powerloom Sector

"Scheme for Waiver of Loans to Handloom and Powerloom Sector" redeems the debt accrued by the farmers, Self-Help Groups, Weavers, etc., to the Scheduled Commercial Banks/Cooperative Banks, Urban Cooperative Banks, and RRBs, through their Branches/Institutions in the State of Andhra Pradesh.

Ministry / Department
Department of Industries and Commerce
Level
State
Benefit type
cash
Last verified: Recently

Scheme For Waiver Of Loans To Handloom And Powerloom Sector क्या है?

"Scheme for Waiver of Loans to Handloom and Powerloom Sector" redeems the debt accrued by the farmers, Self-Help Groups, Weavers, etc., to the Scheduled Commercial Banks/Cooperative Banks, Urban Cooperative Banks, and RRBs, through their Branches/Institutions in the State of Andhra Pradesh.

लाभ
The scheme redeems the debt accrued by the farmers, Self-Help Groups, Weavers, etc., to the Scheduled Commercial Banks/Cooperative Banks, Urban Cooperative Banks, and RRBs, through their Branches/Institutions in the State of Andhra Pradesh. The total amount eligible for redemption of loans taken for weaving purposes shall be limited to ₹ 1,00,000 for Individual Weaver. The total amount eligible for redemption of loans taken for weaving purposes shall be limited to ₹ 5,00,000 for Weaver Groups , subject to the condition that within the Weaver Groups, the eligibility for the redemption of the loan outstanding per individual will be limited to ₹ 1,00,000. The weavers whose loans are redeemed under the scheme will be eligible for fresh finance from the lending institutions, provided, the amount waived is equal to the loan outstanding.
स्तर
State — Andhra Pradesh
मंत्रालय / विभाग
Department of Industries and Commerce
लाभ का प्रकार
cash
मुख्य पात्रता
1. The loans disbursed to Individual Weavers and Weaver Groups for weaving purposes that were outstanding on 31.03.2014 are eligible for coverage under the scheme. 1. The total amount of loan for all eligible purposes from all banks taken together shall not exceed the ceiling fixed for individuals.
अंतिम सत्यापन
Recently

Benefits

The scheme redeems the debt accrued by the farmers, Self-Help Groups, Weavers, etc., to the Scheduled Commercial Banks/Cooperative Banks, Urban Cooperative Banks, and RRBs, through their Branches/Institutions in the State of Andhra Pradesh. The total amount eligible for redemption of loans taken for weaving purposes shall be limited to ₹ 1,00,000 for Individual Weaver. The total amount eligible for redemption of loans taken for weaving purposes shall be limited to ₹ 5,00,000 for Weaver Groups , subject to the condition that within the Weaver Groups, the eligibility for the redemption of the loan outstanding per individual will be limited to ₹ 1,00,000. The weavers whose loans are redeemed under the scheme will be eligible for fresh finance from the lending institutions, provided, the amount waived is equal to the loan outstanding.

Eligibility

1. The loans disbursed to Individual Weavers and Weaver Groups for weaving purposes that were outstanding on 31.03.2014 are eligible for coverage under the scheme. 1. The total amount of loan for all eligible purposes from all banks taken together shall not exceed the ceiling fixed for individuals. Area: Andhra PradeshBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Identification of the Beneficiaries:

    2. Step 2: Online application — step 2

      The Assistant Director (H&T), shall obtain the list of potential beneficiaries from the Banks, and convene the meeting of the District Level Committee (DLC), with the prior approval of the District Collector and in coordination with the LDM of the concerned district.

    3. Step 3: Online application — step 3

      Timeframe: Within 7 days after scrutiny by the Bankers and Handlooms & Textiles Department Officers.

    4. Step 4: Online application — step 5

      Disbursal of the Benefits:

    5. Step 5: Online application — step 6

      The District Level Committee shall scrutinize the list with reference to the genuineness of the claims and if found in order, approve the list and recommend redemption of the debt. Based on the recommendation of the District Committee, the Commissioner of Handlooms and Textiles will release funds directly to the Banks concerned from a

    6. Step 6: Online application — step 7

      central account.

    7. Step 7: Online application — step 8

      Timeframe: Within 7 days after scrutiny by the DLC.

    8. Step 8: Online application — step 10

      Notings:

    9. Step 9: Online application — step 11

      The details of benefits given under the scheme will be noted in the Loans Pass Books or Weavers credit cards.

    10. Step 10: Online application — step 12

      Timeframe: The day on which the benefit has been released to individual weavers.

    11. Step 11: Online application — step 14

      Grievance Redressal:

    12. Step 12: Online application — step 15

      Any weaver who is aggrieved on the ground that his name has not been included in the list of eligible members on the ground that the waiver granted to him has been calculated wrongly may make a representation through the branch from which he received the loan or directly to the Grievance Redressing Officer of the lending institution concerned.

    13. Step 13: Online application — step 16

      Timeframe: Every such representation shall be disposed of within 30 days of receipt thereof.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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