THE PARAMBARYA SILPA VELA THOZHILALI KSHEMA SAHAKARANA SANGAM LTD, started functioning on March 15 1994 in Varam town in Kannur district with a capital of Rs.40,000. It aims at giving necessary financial help to the artisans for self - employment and thus improve their standard of living.The members of the governing body and staff took keen interest to accumulate shares and began new investment schemes. This helped to lend loans like gold loans, business loans and personal loans.