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Related Keywords: Bihar, e-Dhaga mobile application, financial stability for weavers, first state in the country, free transport cost, NHDC, on credit for 45 days, p provide yarn to state weavers, satrangi chadar scheme, sign a MoU, signed an agreement, State industries department on Tuesday, with National Handloom Development Corporation, Yarn Supply Scheme

Bihar, became the first state in the country to sign a memorandum of understanding (MoU) with National Handloom Development Corporation (NHDC). The State industries department on Tuesday signed an agreement to provide yarn on credit to weavers for 45 days.

It is the first time in the country that weavers in a state will be provided raw material on credit along with subsidy and free transport cost. In fact, the yarn supply scheme was conceptualized by industries department.

Related Keywords: National Handloom Development Corporation (NHDC), primary weavers, Woollen yarn, Yarn Supply Scheme

The Cabinet Committee on Economic Affairs has approved the continuation of the Mill Gate Price Scheme (MGPS) along with 10 percent subsidy component with modifications. The scheme is now renamed as the Yarn Supply Scheme (YSS).

The plan outlay for YSS during the 12th Plan will be Rs.443 crore.

The scheme will cover the weavers who are under privileged as also vulnerable groups, by providing them subsidized yarn so that they can compete with the powerloom and mill sector. The target for the 12th Plan will be to supply 3506 lakh kg yarn worth Rs.4364 crore.