Waiver on weavers' loans soon

Chief Minister K Rosaiah on Thursday directed the officials concerned to take steps to waive off loans taken by weavers.

The Chief Minister after convening a meeting with the officials of Handlooms Department said the Government would issue a GO in this respect within two days.

As many as 4,538 weavers are eligible to get the benefit under the loan waiver scheme announced by the government.

The ruling Congress promised to waive the weavers’ loans during the Assembly elections. After the pre-poll assurance, many beneficiaries have stopped paying the loan installments to the societies and banks.