Financial Daily from THE HINDU group of publications
Thursday, May 25, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Handloom
Money & Banking - Credit Market


Handlooms: Lending rates may be cut

Our Bureau

New Delhi, May 24

The Government is considering reduction in the rate of interest on the credit available to the handloom sector at par with the agricultural sector, the Minister of Textiles, Mr Shankersinh Vaghela, said while chairing the third All India Handloom Board meeting here. He said that the Government has also proposed to take up a census of handlooms and also restore the 10 per cent rebate scheme during the current year. The new schemes are expected to be launched in the sector in the next two months. He also said there was a proposal to develop another 100 clusters at a total cost of Rs 50 lakhs, open 230 yarn depots in the country and introduce a `Technological Upgradation Fund' for the sector.

More Stories on : Handloom | Credit Market | Interest Rates

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Monsoon onset window extended to next six days


Q1 Indian retail investment in gold up
Reliance eyes cane processing
A different process
Provisional anti-dumping duty on silk fabrics from China
Market, quotas poop the party
TN Govt to focus on infrastructure, IT
Xinjiang region of China seeks joint ventures in Bengal
SEZs for telecom gear units likely
Cochin Shipyard bags ONGC order
API manufacturing: India set to overtake Italy
3 lakh new power connections this year: Kerala Minister
Pune may get respite from load shedding
Panel set up to review service tax circulars
A draft that drew ire
Govt forms sub-group for labour law flexibility in textile sector
NTC targets cash profits; confident of wiping out losses
IIM students against quota hike
New MBA course finds industry acceptance
Hooghly Investments to open Rs 35-cr e-mall
Unitech bags major Noida land project
Unitech not planning equity dilution
CII team meets Kerala CM
Handlooms: Lending rates may be cut
Trading house for Tirupur knitwear likely in Antwerp
Prime Focus plans IPO
Chitale committee report



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line