 |
| Powerloom Machine |
The Maharashtra
Government, led by the Bhartiya Janata Party or the BJP has recently announced
the provision of subsidy to owners of textile mills that wouldn’t be linked to
bank loans. In what can be denoted a first-time move by the government, the
textile industry on the whole would gain immense benefits. This has come to be
of major relief to the large majority of Muslim powerloom owners, who had been
demanding this delinking for a long time now. These Muslim powerloom owners,
along with a large number of workers had always felt that the usury as well as
the bank loans were against their religion, considering the fact that Islam
does not allow the practise of taking or giving loans.
