Related Keywords: combines elements of concessional credit, credit guarantee cover, every stateand UT to prepare action plan, five lakh handloom weavers, handloom cluster, interest subvention, New model formulated under Mudra scheme, next three years, provide credit to handloom sector, set target of extending MUDRA loans, such as margin money, textiles ministry
With the government formulating a new model under MUDRA scheme for providing credit to handloom sector under which it has combined elements of concessional credit such as margin money, interest subvention and credit guarantee cover. The Textiles Ministry on June 29 said that it has set a target of extending MUDRA loans to five lakh handloom weavers in the next three years.
The ministry has requested every state and UT to prepare a three-year action plan to achieve the five lakh target.
