Wool Bank to be set up in Kashmir to support handloom industry, weavers

Srinagar, Apr 4 (KNN) A Wool Bank will be established in the Kashmir region of Jammu and Kashmir (J&K) under the Integrated Wool Development Programme (IWDP) implemented by the Central Wool Development Board, Ministry of Textiles.

On Tuesday, the Director, Handicrafts and Handloom, Kashmir held a meeting to deliberate upon the modalities of setting up of Wool Bank.

The meeting was held to devise a viable framework for setting up of the much needed Wool Bank in the Kashmir region of UT of J&K.

The only raw material that is available in abundance in J&K is wool.

It was discussed that it can support a large industrial setup and can be a viable source of livelihood to lakhs of herders, weavers, Societies and Self Help Groups (SHGs) associated with this sector.

It was also acknowledged that the intended project shall go in a long way to improve the socio-economic conditions among the shepherds and their families associated with wool production by increased wages and announcing MSP for the wool.  (KNN Bureau)