The Tamilnadu Handloom Development Corporation Limited is a State Public Sector Undertaking, commenced its operation in the year 1964. The corporation has been serving the weavers outside the co-operative fold by extending working capital assistance at reasonable rate of interest and to liberate them from the clutches of the local money lenders. In order to achieve the objective, it mobilized resources by way of share capital from Government, members and loan from Government of Tamilnadu as detailed below:-
![](img/institutionshandloomimg12.jpg)
The Corporation is having 11,841 members on its roll. Due to the waiver of loan extended to other sectors, the members are reluctant to settle the dues thereby the corporation is in paucity of working capital. Thus the primary objective of the corporation i.e., sanction of loan to weavers outside co-operative fold is affected due to the poor recovery of loan. However, the corporation manages to continue its existence by handling various Government schemes listed below:
The Government have appointed Tamilnadu Handloom Development Corporation Ltd. as nodal agency / implementing agency:-
Sl. No.
|
Name of the Scheme / Activities
|
1
|
Trichy Mega Handloom Cluster
|
2
|
Virudunagar Mega Handloom Cluster
|
3
|
Marketing handloom products through e-shopping under the brand name Loomworld
|
4
|
Conducting National / State Level Handloom Exhibitions
|
5
|
Marketing Incentive Scheme
|
6
|
Handloom Support Programme
|
7
|
Functioning as one of Nodal agency under the Distribution of Sarees and Dhoties Scheme
|
8
|
Functioning as one of the Nodal agency under Supply of Uniform Scheme
|
During the year 2021-22, the corporation has recovered a sum of
Rs.5.56 lakh towards principal and
Rs.17.78 lakh towards interest.
The tentative net profit of the corporation for the year 2021-22 is
Rs.10.00 lakh.
Tamil Nadu Handloom Development Corporation has popularized the Loomworld concept for the convenience of the customers through e-commerce facility in the domain name of www.loomworld.in and products are being sold through the e-shopping portal of Loomworld.
![](img/institutionshandloomimg13.jpg)
Action Plan for 2022-23
• This corporation will continue to act as nodal agency / implementing agency in respect of above schemes / programmes of the Government.
• The corporation will continue to act as nodal agency for implementing Distribution of Dhoties and Sarees Scheme Pongal 2023 and expected to earn handling charges of Rs.96.00 lakh.
• The corporation will continue to act as nodal agency for implementing Supply of Uniform Scheme for the academic year 2022-23 and expected to earn handling charges of Rs.90.00 lakh.
• The corporation has proposed to collect Rs.75 lakh towards principal and Rs.100 lakh towards interest from the weavers members who had availed loan.