HANDLOOM DEVELOPMENT CORPORATION LTD., LUCKNOW.
24th Sept’ 2009, National Handloom Development Corporation (NHDC)
Ltd., a CPSE under the administrative control of Ministry of
Textiles, Govt. of India handed over a cheque of Rs.80.00 lac to
Hon’ble Minister of Textiles towards dividend for the financial year
2008-09. Present on the occasion were Hon’ble Minister of State for
Textiles, Secretary (Textiles), DC (Handlooms) also Chairman NHDC and
senior officers of Ministry as well as Managing Director – NHDC and
Chief Manager (F&A)/ Company Secretary of NHDC. NHDC has been
declaring the dividends for the last 13 years since 1996-97.
During the FY 2008-09, corporation has achieved highest ever turnover
of Rs.829 crores and declared highest ever dividend of Rs.80 lac. For
the first time in the history of the corporation, it has qualified
for “Excellent” rating as per MOU for the FY 2008-09. During the last
6 years the rating was “Very Good”.
Corporation has taken up a number of developmental initiatives like;
Appropriate Technology Exhibition to keep the weavers abreast of
latest technological developments in the handloom sector, buyer -
seller meets and organization of workshop on Sensitization with a
view to disseminate the information on various government schemes for
the handloom sector. Further, in order to provide the marketing
support the corporation is establishing the Handloom Havelis and
organizing the special handloom expos in various parts of the
Corporation has taken up restructuring of its operations which aims
at enlarging the scope of services in terms of Availability,
Accessibility, Awareness and Affordability, enhanced thrust in the
states of Uttar Pradesh, Haryana, Orissa, and North Eastern states
besides continued attention to the “key areas” and “key states”.
Under the Mill Gate Price Scheme (MGPS), depots are also set up
through handloom agencies for ensuring easy and uninterrupted
supplies. By August’ 2009, 595 depots were operating all over the
As a result of restructuring of operations and other initiatives
taken during the last 1 - 2 years, the corporation’s yarn supplies to
the handloom sector have gone up from Rs.398 crore during FY 2006-07
to Rs.799 crore during FY 2008-09 and is expected to cross the
Rs.1000 crore mark during FY 2009-10.
Corporation is looked upon as a dependable arm of Ministry of
Textiles for implementation of all developmental programmes for the