Powerloom

Access to Credit in Powerloom Sector: An Update

Ministry of Textiles is implementing Pradhan Mantri Credit Scheme for Powerloom Weavers under PowerTex India from 01.04.2017 to 31.03.2020. The scheme provides adequate and timely financial assistance to the power loom weavers to meet their credit requirements for investment needs (term loan) in a flexible and cost-effective manner. There are two components in the Scheme - Prime Minister MUDRA Yojana (PMMY) and Stand-up India Scheme.