State’s contribution for silk park released

As part of the efforts to give a boost to the silk weaving industry, the state govt. has released a subsidy of  7.54 crore for the establishment of a handloom silk park in Kancheepuram district at a cost of   83.83 crore. The Union and State Govts. would extend 40 per cent and 9 per cent of the project cost respectively as subsidy. To come up on 75 acres at Keezhkathirpur, the Perarignar Anna Handloom Silk Park will be given a subsidy of 7.54 crore. With the cost of land being nearly  13.77 crore, the remaining   6.23 crore would be given to the park as an unsecuecred loan repayable in five years.

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