SRINAGAR: Jammu and Kashmir’s handloom sector has received 3,064 loans amounting to Rs 35.36 crore under the Concessional Credit/Weaver MUDRA Scheme from 2021-22 to June 30, 2026, according to data tabled in the Lok Sabha on Tuesday.
The figures show that JK accounted for a significant share of handloom credit under the scheme, with 63 loans worth Rs 93.94 lakh sanctioned during the first quarter of 2026-27 up to June 30.
The annual data showed that 781 loans worth Rs 7.05 crore were sanctioned in 2021-22, followed by 947 loans amounting to Rs 9.84 crore in 2022-23. In 2023-24, 627 loans worth Rs 7.95 crore were sanctioned, while 365 loans worth Rs 5.22 crore were sanctioned in 2024-25 and 281 loans worth Rs 4.37 crore in 2025-26.
Separately, Jammu and Kashmir received support under the National Handloom Development Programme (NHDP) for 54 upgraded looms and accessories, 32 individual worksheds and 145 lighting units during 2021-22 to 2025-26.
The Union Ministry of Textiles said 237 Handloom Producer Companies (HPCs) had been formed under the NHDP between 2020-21 and 2025-26. It said the companies were being promoted as professionally managed, member-owned enterprises to organise and strengthen handloom weavers.
The Weaver MUDRA Scheme is a component of the NHDP aimed at providing timely and affordable credit to handloom weavers and organisations for term loans and working capital. Individual weavers and weaver entrepreneurs are eligible for margin money assistance of 20 per cent of the loan amount, subject to a maximum of Rs 25,000.
For handloom organisations, margin money assistance is capped at Rs 20 lakh, while eligible organisations can avail concessional loans at a six per cent interest rate for three years, subject to the prescribed interest subvention.
The ministry said a centralised Handloom Weaver MUDRA Portal, developed in association with Punjab National Bank, has been put in place to facilitate timely disbursal of margin money, interest subsidy and credit guarantee fee.
Nationally, 9,526 loans worth Rs 56.89 crore were sanctioned in 2021-22, while the corresponding figures were 7,789 loans worth Rs 51.19 crore in 2022-23, 7,913 loans worth Rs 58.73 crore in 2023-24, 9,211 loans worth Rs 69.84 crore in 2024-25, 6,341 loans worth Rs 46.75 crore in 2025-26 and 967 loans worth Rs 7.48 crore in 2026-27 up to June 30.
