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Which state launched the Chief Minister’s Yarn Bank Scheme to support the handloom sector on National Handloom Day?
Assam
Nagaland
Arunachal Pradesh
Tripura
Nagaland
Nagaland government launched the Chief Minister's Yarn Bank Scheme on National Handloom Day to provide subsidized raw materials to local weavers.
The handloom sector is a primary source of livelihood and cultural identity in Nagaland, where traditional weaving techniques are handed down through generations. To address challenges in raw material supply chain and pricing, the state government launched the Chief Minister's Yarn Bank Scheme. This initiative aims to reduce production costs and support thousands of weavers by offering fibers at subsidized rates. It aligns with broader national efforts to empower the handloom industry through the Ministry of Textiles' programs.
The Chief Minister's Yarn Bank Scheme is located at the District Industries Centre, State Industrial Area, Toluvi, Dimapur.
The scheme provides fibers like cotton, eri silk, muga silk, and bamboo at mill-gate prices.
The government offers a 15% subsidy on yarn purchases through this scheme.
The initiative is projected to benefit between 5,000 and 10,000 weavers annually.
B is correct — The Government of Nagaland launched the Chief Minister's Yarn Bank Scheme on National Handloom Day to provide weavers access to quality yarn with a 15% government subsidy.
Remember that Nagaland is part of the 'Seven Sisters' of Northeast India, and handloom weaving there is almost exclusively a female-led craft involving traditional earthen pot and textile production.
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