Telangana Announces ₹16.27 Crore Loan Waiver for Handloom Weavers as Sankranti Gift

• Telangana government approves an additional ₹16.27 crore for loan waivers up to ₹1 lakh for handloom workers, benefiting 6,784 individuals.
• Personal loans taken between April 1, 2017, and March 31, 2024, will be completely waived, with funds directly deposited into beneficiaries' accounts.
• Since coming to power, the Congress government has spent approximately ₹960 crore on the handloom sector's welfare.
• Government departments are instructed to purchase textiles only from TESCO, generating ₹896 crore in orders and providing year-round employment.
• Schemes like Indira Mahila Shakti Sarees, Handloom Abhaya Hastham, and Nethanna Ku Cheyutha are actively supporting weavers and cooperative societies.

Why It Matters: Telangana government provides a significant loan waiver and welfare schemes to support its handloom weavers.