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

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.

Being a part of Indian handloom industry Telangana weavers also playing major role for producing qualitative handloom products. Here most of the weavers are inheriting their waiving skills and abilities from their families and adding their innovative creation to design intricate artistic and attractive products by use of handlooms in Medak, Karimnagar, Nallagonda, Mahabub Nagar and Warangal etc., There are about 82, 435 handloom weavers in cooperative fold and 1, 58, 902 in outside cooperative fold (department of handloom textile Telangana). Telangana weavers also not exceptional to overcome sever livelihood problems. They can be countered problems if they get financial support from state government side and suitable schemes through micro finance. The basic objective of this paper is to analyze the challenges and problems being confronted by the handloom industry in the state of Telangana, particularly suggest certain suitable schemes of the Microfinance network for creating the awareness in weavers’ life to shove the multifarious problems that some other industries do not have. The present study is descriptive in nature. The data have been collected through the semi structured interview, focused group discussion from 250 weavers and 10 government officials in limited geographical areas of Telangana.