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Details of Kerala State Handloom Development Corporation (HANVEEV)


Observations on Kerala State Handloom Development Corporation (HANVEEV):

  • Paid-up capital increased gradually from ₹3956 lakh in 2019–20 to ₹5949 lakh in 2023–24, showing consistent government support.

  • Borrowings rose steadily from ₹5763.92 lakh to ₹6683.35 lakh during the same period, indicating financial dependence on loans.

  • Production value through clusters remained very low, fluctuating below ₹4 lakh across all years, reflecting limited output from sponsored societies.

  • Sales income showed major fluctuations — falling to ₹999.99 lakh in 2021–22 but peaking at ₹2485.13 lakh in 2022–23 before again declining.

  • Despite some recovery in income, HANVEEV continued to record losses every year, with cumulative losses reaching ₹13,605.97 lakh by 2023–24, showing persistent financial distress.