TS Govt to waive off power loom workers' loans
Hyderabad, Nov 14 (INN): Chief Minister K Chandrashekar Rao on Friday announced that the State Government has decided to waive off the Bank/SFC/Cooperative Bank loans of Rs 565.06 lakhs given to the powerloom weavers, restricting the waiver up to Rs 1 lakh.
Replying to a question raised by MLA Chinta Prabhakar and S Ramalinga Reddy during Question Hour in the State Legislative Assembly, the Chief Minister said that as many as 1,325 workers would benefit from the scheme. The likely amount of Rs 565.06 lkah is the financial burden on the State exchequer on the said loan waiver, he said.
News Posted: 14 November, 2014
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