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KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED PRIYADARSHINI THE ORIGINAL HOME OF HANDLOOMS Presented by Shri MOHAMMAD MOHSIN, I A S Managing Director.

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Presentation on theme: "KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED PRIYADARSHINI THE ORIGINAL HOME OF HANDLOOMS Presented by Shri MOHAMMAD MOHSIN, I A S Managing Director."— Presentation transcript:

1 KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED PRIYADARSHINI THE ORIGINAL HOME OF HANDLOOMS Presented by Shri MOHAMMAD MOHSIN, I A S Managing Director

2 Established in 1975 under the Companies Act 1956 and covered under 20 Point Programme of late Prime Minister Smt. Indira Gandhi. KHDC has been in the services directly with the weavers and provides raw materials and technical support to them. Provides continuous employment to the weavers Objective is to promote handloom industry and to facilitate economic self reliance of weavers KHDC has been in the services of 12,810 Handloom Weavers across Karnataka KHDC generates Indirect Employment to over 1.00 lakh people The activities of Karnataka Handloom Development Corporation 1

3 PRODUCTION UNITS a) Cotton Projects i.NO OF WEAVERS : 11,586 ii.NO. OF Intensive Handloom Development Projects – 9 Working at : 1) BANAHATTI 2) RABAKAVI 3) RAMADURGA 4) ILKAL 5) RANEBENNUR 6) GULBARGA 7) BASAVAKALYAN 8) BHAGYANAGAR 9) E.O.C.P GADAG-BETAGERI NO. OF SUB CENTRES INCLUDING COLLECTION CENTRES: 132 AVERAGE PRODUCTION PER MONTH: QTY : 8.50 LAKH MTRS VALUE: Rs LAKHS 2

4 b) SILK PROJECTS i.No. of Weavers 810 ii.No. of Silk Raw Material Cum Procurement Depots working at : 1.Anekal 2.Kallur 3.Tiptur 4.Kollegal 5.Molkalmur 6.Chinthamani c) Preloom Process House, To provide a ready warp beams to weavers situated at Banhatti and Ranebennur d) Raw Material Bank : To ensure timely supply of raw material to weavers,the raw material bank working at Banhatti. e) Postloom Process House : To provide high quality of processed material to meet the consumer needs, working at Peenya, Bangalore 3

5  KHDC is Implementing 1)Vidya Vikas Scheme – Supply of uniforms to school children 2)Subsidised Saree Dhoti Scheme to BPL families in the State 3)MADILU – Health kit to Mothers 4

6 5

7 Vidya Vikas Scheme – (V V S) The Scheme offers assured livelihood to weavers and free uniform for children - launched in Hon’ble Chief Minister has extended this Scheme to High School girl students from The order on KHDC is to the tune of Rs crores for lakh meters of cloth VVS production at the rate of 9 to 10 lakh meters with loom coverage of 8000 looms takes 12 months time Basic cost of production on yarn, processing and weavers wages account for Rs crores. 6

8 Vidya Vikas scheme –Issue to be resolved i.As per the decision taken under the Chairmanship of Hon’ble Textile Minister on along with Principal Secretary to Hon’ble Chief Minister of Karnataka, following points were discussed and resolved as below:- (a)Entering into MOU with Education Department for 3 to 5 years. Hon’ble Textile Minister and Principal Secretary to Hon’ble Chief Minister of Karnataka have informed to the Managing Director of KHDC, Textile Commissioner and Secretary to Government, C&I Dept, Secretary to Government, Education Department [Primary Education] and Secretary to Government [Finance Department] for submission of proposals to entering the MOU with KHDC. (b)Principal Secretary to Hon’ble Chief Minister of Karnataka has informed that, following action is to be initiated for release of advance to KHDC under VVS:- 7

9 (1) 1/3 amount is to be released to KHDC during September only for the supplies of subsequent academic year. (2) 50% money is to be released to KHDC during the period from Feb-April (3) Balance is to be released immediately after supply of uniform before June. (c) Revision of Rates of Uniforms: Principal Secretary to Hon’ble Chief Minister of Karnataka has indicated that, minimum 4-5% upward revision has to be made every year. 8

10 Subsidised Saree Dhoti Scheme (SSDS) - Implemented since 1985 BPL Card Holders are the beneficiaries at subsidised rates for Sarees, Dhoties and Lungi varieties. Weavers working under this scheme are aged and women weavers of North Karnataka The allocation in the Budget has reduced from an all time high of Rs crores to Rs.2.00 crores during Basic cost of production on yarn, weavers conversion charges & processing charges accounts for Rs crores Subject Committee of C&I Department has recommended to provide at least Rs crores 9

11 Durry Preparation 10

12 OUR PREMIER PRODUCTS : i.Traditional Silk Sarees ii. Printed Silk Sarees iii.Cotton Sarees iv.Polyester Sarees v.Chudidhar Set vi.Silk Kurtis / Made Ups vii.Soham Shirts / Silk Shirts viii.Designer Silk Sarees ix.Silk Ties x.Jacquard Bedsheets xi.Nisarga Bedsheets xii.Table Linen xiii.Bed Linen xiv.Jamkana (Carpet) xv.Pillow Cover xvi.Towels xvii.Turkish Towels xviii.Woolen Blankets xix.Janatha Sarees / Dhoti 11

13 Woman Weaver with Jacquard Loom 12

14 WELFARE SCHEMES TO WEAVERS a) Health Package : (Through ICICI, Lombard) Reimbursement of Medical expenditure of the weaver, spouse and legitimate children. Eligibility is Maximum of Rs P.A Weavers Contribution Rs P.A. GOK Contribution Rs P.A. GOI Contribution Rs P.A Total Rs P.A Weavers covered 3151 Nos. b) Insurance : Under Mahatma Gandhi Bhunakar Yojana In case of natural death Rs. 60,000, accidental death – Rs.150,000 and partial disablement Rs. 75,000 and permanent disablement Rs.150,000 will be paid from Insurance Company. Weavers contribution Rs. 40 p.a. - G.O.I Contribution Rs.150 p.a. G.O.K. Contribution Rs. 40 p.a. - LIC Social Security Rs.100 p.a. ========================================== Total Rs. 330 ========================================= Weavers covered 5,553 13

15 ii) Sahashikshana Yojana Rs per student for each Academic year : a) Nos.Rs 5.38 lakhs b) Nos.Rs 4.40 lakhs c) Nos.Rs lakhs d) Nos. Rs lakhs e) Nos.Rs lakhs f) Nos.Rs lakhs c) Thrift Fund Scheme: Under this scheme weavers have to contribute 8% on their earnings and 8% Govt. contribution (4% GOK + 4% GOI) plus interest on both. The scheme period is for 15 years.  No. of weavers covered 4663 d ) Funeral expenditure :  Rs. 3,000 per weaver will be disbursed from KHDC on the death of the weaver to his/her family member towards funeral expenses w.e.f May

16 e )Housing (Living Cum Worksheds) :  Centrally Sponsored Scheme: i) Under this scheme 1,634 LCWS have been constructed and allotted to the weavers, 50% Grant and 50% Loan. Cost of the house Rural Rs. 35,000, and Urban Rs. 45,000. ii)Constructed through Rajeev Gandhi Rural Housing Corporation : 288 LCWS are sanctioned, out of which 287 is completed.  Dutch Assisted Project : Under this project, 1942 LCWS have been constructed and allotted to the weavers at 19 places. 15

17 Living cum Workshed 16

18 Weavers Special Package Component by GOK sanction during , , & [Rs.in lakhs] (proposed) Installation of looms & accessories Upgradation & modernization of existing looms Skill upgradation & training for weavers Interest subsidy on working capital loan Working Capital Grant for Raw Material Purchases Reimbursement of 20% rebate Modernisation of PTPH Interest on thrift fund SCP/STP weavers package Reimbursement of VAT ( & 2007&08).…………. …………. ………… ………… …….…… …………. ………… ………….. GOK has earmarked a sum of Rs crores towards capital investment and Rs 3.00 crores for construction of Nekarara Bhavan in the State Budget

19 Ensuring Better Wages to Weavers  Corporation has been revising conversion charges to weavers once in 2-3 years to compensate inflation  In line conversion charges has been revised upwards in the range of 2.22 % to % on various varieties w.e.f & 10 % from , 20% from  The additional financial impact for 2009 – 10 on  Cotton / Polyester Rs Lakhs  Silk varieties Rs Lakhs  This is to ensure stop migration of weavers from Handloom sector. 18

20 Procurement of Cloth from weavers (in lakhs Mtrs) 19

21 Segment wise Sales (Rs. in lakh ) 20

22  Five Year Analysis Production – Sales – Issue of Yarn – Conversion Charges SL NO Particulars F.G.PRODUCTION a) In Lakh Meters b) Value in Lakh Rs Sales 6, , , Issue Of Yarn , Conversion Charges , (Rs. in lakhs ) 21

23 Turn Around of KHDC Annual turn over is in the range of Rs to Crores Objective is to reach Crores during and achieved Rs crores during In the last 30 years, it has made marginal profits during 11 financial years & during 2006 – 07, & the Corporation has made a Profit of Rs Crore & 0.92 Crore & Rs crore respectively. Net worth has turned positive by Rs crores as on From Loss to Profit 22

24 Net Loss & Profit Account to Sl noYEARAMOUNT (-) (Value in Lakhs) 23

25 (Rs. in lakhs ) 24 Particulars Net loss / profit

26 NETWORTH OF KHDC SL. NOYEARNETWORTH – – – – – – – – – (-) (-) (-) (Rs. in lakhs ) 25

27 PROFIT & LOSS ACCOUNT - HIGHLIGHTS PARTICULARS Income Sales Other Variation in Stock Prior period adjustments Expenditure Cost of Production Administration Expenses Selling & Distribution expenses Finance Charges Depreciation Prior period adjustments Net Loss/Profit [Rs.in lakhs] 26

28 27 BALANCE SHEET - HIGHLIGHTS Reflecting Net worth of KHDC [Rs.in lakhs] PARTICULARS Funds Employed Share Capital Reserves & Surplus Long Term Loan Short Term Loan Application of Funds Fixed Assets Investments6.26 Net Current Assets Mis.Expenditure Accumulated Loss Net Worth

29 [Rs.in lakhs] Cash Credit Loan from Consortium Banks Interest on Cash Credit loan (12.5 % to 13%) O D on Fixed Deposit Additional O.D against receivables Interest on O D Govt. Loan (VRS) Interest on Govt. loan (VRS) Guarantee Commission to GOK Sundry Creditors Liabilities & Commitment of K.H.D.C as on

30 YearProjected Turnover Actual Turnover Net Profit as per DDHPY Actual Net Profit (-) DDHPY Commitment v/s. Achievement (Rs. in crores) 29

31 30 HIGHLIGHTS OF KEY PROPOSALS (Rs in crores) 1)Coverage of Handloom Weavers under NREGP with necessary budgetary support : )Extension of 10% GOI – Rebate on sale of Handloom Cloth :2.00 3)Central Assistance for Subsidised Saree Dhoti Scheme for 72 lakh BPL families : Total:135.60

32 Thank You ‘ PRIYADARSHINI HANDLOOMS’ 31


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