Scheme For Waiver Of Loans To Handloom And Powerloom Sector

"Scheme for Waiver of Loans to Handloom and Powerloom Sector" is a Loan Waiver Scheme by the Industries and Commerce Dept., Govt. of Andhra Pradesh. The scheme redeems the debt accrued by the farmers, Self-Help Groups, Weavers, etc., to the Scheduled Commercial Banks/Cooperative Banks, Urban Cooperative Banks, and RRBs, through their Branches/Institutions in the State of Andhra Pradesh. The scheme also suggests a number of measures for increased livelihood opportunities and improved prosperity. The scheme has a specific focus on - 1. Weavers’ Individual Loans 2. Weavers’ Groups Loans 3. Loans of Power loom Units below 5 HP Power connection and availing 50% power subsidy scheme.