Government Grant and its impact on Handloom sector: A study with reference to five Handloom clusters in Tripura

Abstract

The Indian handloom industry is one of the country's oldest and largest cottage industries, having a long history of exceptional craftsmanship stretching back thousands of years and embodying the lively Indian culture. The Ministry of Micro,

Small, and Medium Enterprises (MSME) has grown over the last few decades as a critical tool in India for assisting entrepreneurs-both clusters and individuals-to advance and expand their businesses. The government's strategy of forming cottage business clusters is spreading across rural India. It aims to boost the productivity of rural artisan clusters in order to revive the approach and have a positive impact on India's livelihood. The artisans can improve their productivity and competitiveness as well as their collective capability by using the cluster development technique. Despite the fact that the government has implemented a number of economic measures in terms of finance, there are still some loopholes that impede the sector from functioning properly. The purpose of this research is to examine the impact of government subsidies on the handloom business, particularly in Tripura.