Andhra Pradesh Government decided to waive off 110 crore loans of over 25000 weavers

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Who: Andhra Pradesh Government
What: Decided to waive off 110 crore rupees loan of over 25000 weavers
When: 16 November 2015

Andhra Pradesh Government on 16 November 2015 decided to waive loans taken by over 25000 weavers amounting to a total of more than 110 crore rupees.

The decision in regard to waive off the loans was taken at the state cabinet meet chaired by Chief Minister N Chandra Babu Naidu in Vijayawada. According to state information minister Palle Raghunath Reddy, the loan waiver would benefit 25567 weavers of the state.

The loan waiver cheques would be handed over to the beneficiaries in January 2016 on the occasion of Janmabhoomi programme.

Apart from this, the state government is also considering a plan to provide interest-free loans to weavers to promote the traditional handloom sector in the state.

Some other decisions taken at the cabinet meet includes

• The cabinet decided to issue 11.37 lakh new white ration cards to benefit about 28 lakh poor people to enable them to enjoy subsidised essential commodities.
• The cabinet decided to provide power connections to 4 lakh houses.
• The cabinet decided to constitute Andhra Pradesh Maritime Board and to bring Ports policy to develop major and minor ports and also industrial corridor near the ports.
• The Government also decided to develop five industrial clusters near the ports and they are Bhavanapadu-Kalingapatnam, Visakhapatnam-Gangavaram, Kakinada, Machilipatnam and Krishnaptanam- Ramayapatnam.