Related Keywords: Andhra Pradesh, APCO to purchase stock, by globalisation and liberalisation, chief minister, handloom cooperatived societies, Handloom sector impacted, loans of all handloom units, N Chandra Babu Naidu, subsidy on purchase of yarn, waived, Weavers
The globalisation and liberalisation has impacted the handloom sector badly and those who depend on it for livelihood need to be protected. Andhra Pradesh Chief Minister N Chandra Babu Naidu attending a handloom workers convention yesterday announced that loans of all the handloom units in the state would be waived, this came in on the lines of waiver for farm loans.
He also announced that the state government would purchase the unsold stocks of handloom workers and handloom co-operative societies.
