Splendor Support of Micro Finance to Improve Income Level of Hand Weavers in Telangana

Abstract

Handloom industry in India is an ancient cottage Industry. It was a duck of golden eggs to handloom weavers. After agricultural sector handloom sector like holy cow to village people especially for women those who are weaving cloths with looms. This Industry became a part of Indian culture and tradition. The artisans of India are famous for hand spinning, hand printing and dying. They are accustomed to the art of weaving as a hereditary occupation. In 1980’s India occupied first position (84.78%), which was 3.90 mn, out of the world's total capacity of 4.60 mn. This industry provided employment almost 14 million people directly and indirectly in Indian decentralized sector (According to second handloom senses 2000–2001). The greatness and golden corona of handloom sector year by year slowly deprive its brightness. This down fall proved by Third National Handloom census (2009–10), there are 43.31 lakh (4.331 million) weavers in India which was indicating 40% down fall of weavers compare with 2000–2001 senses. Since two dictates handloom weavers facing competition from power loom sector and they are scaring with shivering hand by various difficulties like financial inefficiency Globalization, Material scarcity, etc. these problems stealing their bright feature and colored dreams. Weavers are looking for furtherance with their frigid eyes. Financial support is more essential to bring moonlight in their shrouded darkness life.