This is a government owned company established under the companies Act 1956 on 30th March 1974. The main purpose of the corporation is to conserve the cultural heritage of the State by way of patronaging the artisans who are involved in the productipon of the handicrafts and handlooms products of the state which have become the identity of the particular state., providing the production , promotional facility and market place to these products. The annual turnover of the company is Rs 35 crore