Related Keywords: artificial price hike, avoid price fluctuation, first yarn bank in India, hoarding of yarn stock, ISPSD, Pandesara, powerloom clusters, powerloom weavers, procure yarn on credit, Union ministry of textiles, Ved Road, yarn at concessional rate, yarn sample
The Union ministry of textiles to provide powerloom weavers yarn at concessional rate has formed two special purpose vehicles (SPVs) namely Ved Road Art Silk Small Scale Cooperative Federation Limited and Pandesara Weavers Cooperative Society Limited for setting up India’s first yarn bank under the Integrated Scheme for Powerloom Sector Development ( ISPSD).
