Express News Service
SHIVAMOGGA: TheCovid pandemic has hit the Charaka Womens Multipurpose Industrial Cooperative Society, forcing it to declare insolvency as it could not repay the debt. Founded by social activist Prasanna Heggodu in 1994, the Society at Bheemanakone in Sagar taluk of Shivamogga district was empowering around 800 handloom weavers, natural dye manufacturers and hundreds of women financially.
Charaka had opened its marketing arm Desi f ive years after its inception. While Charaka makes fabrics, Desi sells readymade garments. It has 13 shops, including five in Bengaluru and the remaining in Shivamogga and Uttara Kannada districts.
Our society was profitable for many years. We recorded a small profit this year too. Arou…
Read the full article at: https://www.newindianexpress.com/states/karnataka/2020/oct/04/covid-effect-charaka-now-insolvent-2205579.html
