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Indian Textiles Minister launches ‘Mudra’ portal for weavers

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Mudra Portal LaunchIndian Textiles Minister Smriti Irani has launched “Handloom Weaver MUDRA Portal” in association with Punjab National Bank to expedite disbursal of Mudra Loans to weavers.

The portal set to become operational from April 1 will allow weavers and officials to do real-time tracking of the loan application status. Further, through the portal, regional offices of banks will be able to submit claims and transfer funds electronically directly to the weaver’s loan account.

The new system will reduce the delay in disbursement of claims and financial assistance to handloom weavers.

Two MoUs have also been signed between the Ministry of Textiles and National Backward Classes Finance & Development Corporation under the Ministry of Social Justice and Empowerment, with the main objective of increasing earnings of millions of women handloom weavers & artisans belonging to backward classes, who work in the handloom & handicraft sectors. This will be done by undertaking large number of cluster development projects.

Also ReadInt’l Women’s Day: Indian Textiles Ministry honours women weavers, artisans

Government has also started Handicrafts Development Projects for benefit of women artisans belonging to Scheduled Castes, in several places (to promote Madhubani Painting Craft, Embroidery craft and Embroidery with mirror work craft). Minister also launched Handicraft Development Projects for the benefit of women artisans belonging to Schedule Tribes as well, to promote various crafts.

 

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