Related Keywords: demonetization of high value currency, lending small loans, micro-finance companies, no takers grey fabric, powerloom industry, powerloom weavers, reeling under crisis, Sircilla textile town
The micro-finance companies (MFIs) taking advantage of demonetization of high value currency are slowly re-entering the Sircilla textile town and lending small loans to powerloom weavers. Demonetization has cast its shadow on the powerloom industry which is already reeling under crisis due to no-takers for their grey fabric (produce) in Sircilla textile town.
