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Meghalaya Apex Handloom Federation has been provided with share capital assistance of Rs.3.00 lakhs by NCDC. The Federation has paid up share capital of Rs.74.42 lakhs with business turnover of Rs.6.15 lakhs and earned gross profit of Rs.1.25 lakhs during 2003-04. The accumulated loss of the Federation is Rs.24.38 lakhs. The business turnover (BTO) and profit and loss position of the Federation for the past four years are given below:

(Rs. in lakhs)

Year  B.T.O.  Net Profit/ Loss 
2000-01  3.13 (+)0.24 
2001-02  3.48 (+)0.02 
2002-03  12.35 (-)8.61 
2003-04  6.15 (-)5.71