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Related Keywords: handloom sector, RRR package

The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Manmohan Singh, has approved the Revival, Reform and Restructuring (RRR) package for the handloom sector to benefit about 1,500 additional apex and primary weavers cooperative societies. The implementation period of the Revival, Reform and Restructuring (RRR) package for the handloom sector has been given extension of two months (up to February 28,2014), informed the Ministry of Textiles in a press release on Wednesday. Earlier the last date of implementation period of this scheme was December 31, 2013.

Related Keywords: handloom sector, Kannur weavers, subsidy

Kannur weavers upset as no action taken by the government towards the handloom sector to clear the subsidy. Though finance minister K M Mani announced Rs 7 crore for clearing the handloom rebate in the budget for 2014-15, taking into consideration the huge backlog that is due to the weavers, this is practically nothing. It will only deepen the crisis in the handloom sector, said Weavers' Cooperative Societies' Association leaders addressing a press meet on Wednesday.

Related Keywords: handicraft sector, handloom sector, rebate, Textile Industry, woolen yarn

Union Minister for Textiles K S Rao has announced 10 percent rebate on purchase of yarn, which was only available for handicraft sector, shall be now available on purchase of woollen yarn as well to promote handloom sector in the country.

Responding to the demand of handloom weavers, the announcement comes in, at the need of the hour to make handicraft market driven conforming to the fast changing consumer tastes and liking.