Current Affairs - State - Discussion

In order to avoid fluctuation in yarn prices, Ministry of Textiles started Yarn bank, a first of its kind in Karnataka, to help thousand of weavers at the Mysore Powerloom Silk Manufacturers Cooperative Society by ensuring steady supply of silk yarn and zari. The Centre aided bank will purchase yarn at the wholesale rate from producers, then it will be sold to the subscribing weavers at reasonable rates to sustain production.