14 May Loan for purchase/Modernization / Renovation of looms By : Handlooms Date : 14-05-2020 Under the Scheme, the weavers of the Primary Handloom Cooperative Societies are assisted to modernize the looms and also for purchase of accessories for the looms. The assistance is in the shape of loan and subsidy to the ratio of 50:50. The loan portion is recoverable in 10 equal yearly installments.