Explanation:

• The Union Government had declared 7th of August as the National Handloom Day in July 2015 with the objective of generating awareness about the importance of the handloom industry to the socio economic development of the country.
• August 7 was chosen as the National Handloom Day to commemorate the Swadeshi Movement which was launched on this day in 1905 in Calcutta Town Hall to protest against the partition of Bengal by the British Government.
• The movement had aimed at reviving domestic products and production processes.