KERAL STATE HANDLOOM DEVELOPMENT CORPORATION (HANVEEV)

The Corporation has at present 32 production centers including 4 depots, 72 own show rooms and 6 agency show rooms.  The Corporation could achieve a steady progress in production and sales during the 9th plan period.

SHARE CAPITAL

During the 9th plan period, assistance in the form of share capital availed was to the tune of Rs. 6.13 crores.  The assistance of Rs 6.13 crores also include, Rs. 2.5 crores received during the year 1997. for closing the loan with Syndicate Bank which was utilized for the purpose.  At present, the Corporation is not having any tie up with any financial Institutions for working capital requirement.

MDA/REBATE

During the 4 years in 9th plan period, Corporation was eligible to receive a total amount of Rs. 1033 crores towards MDA/Rebate.  But the actual disbursement is only Rs. 7.4 crores.

 


HANK YARN SUBSIDY

During the 9th plan period, under hank yearn subsidy scheme, 14, 27,000 kgs.  of hank yarn worth Rs. 140.07 crores was sold by the Corporation.  Hank yarn subsidy on the above purchase is Rs. 2.29 crores, of which an amount of Rs. 1.56 crores has been released to the Corporation.

REVITALISATION

The Corporation has so far received Rs. 1.42 crores during the 9th plan period under revitalization.  This fund was utilized for holding substantial stock and also for selling the goods that are shopsoiled on slow moving items.

PROJECT PACKAGE SCHEMES

During 8th and 9th plan period, Corporation has obtained approval for 59 projects under various categories with a total outlay of Rs. 17.57 crores.  Due to the vigorous steps taken by the Corporation, the projects are almost implemented.

RAW MATERIAL BANK

The state Govt. have provided an amount of Rs. 1.85 crores as working capital during 9th plan period and the Corporation was able to purchase Hank yarn valued Rs. 1.76 crores.

Objectives

Upliftment of traditional weavers in the State of Kerala
Supply of designs to weavers in the unorganized sector
Procurement of fabrics on a weekly basis
Marketing of their products
Implement various welfare measures of both Central and State Governments
for the benefit of weavers
To supply yarn, dyes & chemicals to weavers, Primary / Industrial weavers Co operative Societies

Capital Structure

Authorised Share CapitalRs 1500.00 lakhs Paid up CapitalPrivate holding Rs 5.42 lakhsGovernment holding Rs 1350.06 lakhsRs 1355.48 lakhs Loan Received from GovernmentRs 1336.43 lakhsInterest Rate on Loan5.5 to 19.5 %

Major divisions of corporation

PRODUCTION
MARKETING
FINANCE
ADMINISTRATION
RESEARCH & DEVELOPMENT
PROCESSING

Major Products

Cotton SareesLungiesTowelsKasavu SareesFurnishingsSuitingsBed SheetsThorth & RugsSchool UniformsDothiesCotton ShirtingsSatin Sheets New Design Sarees Developed Ramayanam, Geethopadesam, Akasaganga, Alilakannan, Levakushan