The Assam Government will soon set up a yarn bank in Sualkuchi area of Guwahati. Inaugurated by the state Chief Minister Sarbananda Sonowal on September 15, the bank will make raw material available at the market price with a subsidy of 20 per cent.
This initiative will benefit the local weavers who will be able to buy the raw material without paying any extra cost to the traders. Also, the raw material will be available locally, further eliminating the transportation cost.
The big announcement about the yarn opening was made by Ranjit Dutta, the Minister of Handloom, Textile and Sericulture, Assam, at the inaugural ceremony of ongoing Silk Mark Expo in Guwahati.
The five day event, organized by the Silk Mark Organization of India (SMOI) and sponsored by the Central Silk Board, Ministry of Textiles, is being held at the Northern Eastern Development Finance Corporation Ltd. (NEDFi) House.
44 Silk Mark members and authorized users from across the country are showcasing their silk products at the expo. ‘Vanya’ silk such as muga, eri, tasar, etc., is also being showcased to generate awareness about the new possibilities of ‘Vanya’ silk product development.
