For these mills, twister and doubling machines, comber machines and open end spinning machines would be procured at a cost of 14.20 crore.
Stating that 1,500 people were employed in the 1,357 handloom and powerloom cooperatives, Jayalalithaa said 50 per cent subsidy would be provided towards the insurance premium of powerloom workers.
It would be provided by the weavers cooperative societies. Steps would be taken to boost ‘Poompuhar’ for which an Integrated Development and Promotion of Handicrafts scheme would be launched. The Centre would provide 17.14 crore, and the State government would provide 3.24 crore for this scheme.
Source: New Indian Express