BANKING TRADE AND COMMERCE

STATE-AID TO INDUSTRIES

By the beginning of this century Wardha district had the following industries such as cotton weaving and dyeing, silk weaving, gold and silver work, furniture making, cordage making, leather working and so on. These were hand industries and were comparatively unimportant. No small-scale industries existed in the district at that time.

Since Independence the Government adopted a progressive industrial policy and undertook to develop small-scale and cottage industries. This was done mainly to reduce unemployment in the country. The Second Five Year Plan assigned an important place to small-scale industries. The Government accordingly took various measures for the benefit of these industries. Financial assistance to small-scale industries is one such important measure.

The financial assistance was given by the Government under various schemes. Some of these were implemented through the Co-operative Department while the rest were in charge of the Industries Department. With the formation of the Zilla Parishad these schemes were transferred to its Industries and Co-operation section. The schemes transferred from the Co-operative Department are—

(1) Grant of loans and subsidies to industrial co-operative societies for purchase of tools and equipment.

(2) Financial assistance to industrial co-operative societies for the construction of sheds and godowns.

(3) Grant-in-aid to industrial co-operative societies including handicraft co-operatives for management expenses, and

(4) Financial assistance to industrial co-operative societies of backward classes.

The schemes transferred from the Industries Department to Zilla Parishad are—

(1) Loans to bona fide craftsmen and backward class artisans under the schemes of State-aid to Industries Rules (upto Rs. 3,000 in each case), and

(2) Loans and subsidies given under various schemes to village industries and industrial co-operative societies in the district.

The following statements give separately the amount of loans and subsidies (i) to industrial co-operative societies, and (ii) to the individual artisans in Wardha district under the schemes mentioned above from 1964-65 to 1966-67.

FINANCIAL ASSISTANCE TO INDUSTRIAL CO-OPERATIVE SOCIETIES, FROM 1964-65 TO 1966-67, WARDHA DISTRICT.

(Amount in Rs.)

FINANCIAL ASSISTANCE TO INDIVIDUAL ARTISANS FROM 1964-65 TO 1966-67, WARDHA DISTRICT.

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