Andhra Pradesh Chief Minister N. Chandrababu Naidu while attending a handloom workers convention declared that loans of all the handloom units in the state would be waived. He also stated that the State Government would purchase the unsold stocks of handloom workers and handloom co-operative societies. The Government would release Rs. 10 crore for APCO to purchase the stocks from weavers and societies and sell these stocks in the market at a concession. The CM also announced 20 per cent subsidy on the purchase of yarn for handloom sector.
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