Related Keywords: able to procure yarn raw material, bank guarantee reduced from fifty percent to twenty five percent, first yarn banks in the Surat, from Rs one crore to Rs two crore, Increase in the corpus fund, Ministry of textile, polyester fabric-at concessional rate, powerloom weavers in Pandesara and Ved Road industrial areas, procure yarn on credit
With the increase in the corpus fund for India's first yarn banks in the Surat from Rs 1 crore to Rs 2 crore and bank guarantee reduced from 50 percent to 25 percent by the Ministry of Textile, the powerloom weavers in Pandesara and Ved Road industrial areas will be now able to procure yarn raw material for the polyester fabric-at concessional rates.
Two years ago, the central government had sanctioned two yarn banks in the powerloom clusters of Ved Road and Pandesara, country's largest man-made fabric (MMF) centre.
