Handloom Industry is an oldest Industry to provide employment opportunities for full time and part time in the Rural and Urban Areas. In Tamil Nadu, there are 70917 Males and 58124 Females are weaving as a Full time Weavers in Rural Areas. There are 29304 Males and 26356 Females are weaving as a Full time Weavers in Urban Areas. Sri Murugan Weaver’s Cooperative Industrial Society was selected purposively for the study. This paper focus on the performance of the MH.141 Sri Murugan weavers cooperative industrial society and perceived perceptions of members who got the benefits from this society for the various welfare schemes implemented by the Government of India and Government of Tamil Nadu. The Data has been collected from around 87 Respondents through interview schedule. The data has been analyzed through proper statistical techniques like Frequency, Percentage, Chi-square, Chi-square and Yates’ p-value. It is that the calculated chi-square value is more than the table value. So, the result is significant. Hence, the hypothesis “Availed welfare schemes of the beneficiaries and develop economical level from work, through their society are connected” carries effectively. P.Gunavathi (Age 57) (Member No.129) said “Before a member of MH.141 Sri Murugan Industrial Handloom Weavers Society. I am doing weaving with a Master Weaver. I had no home and lived in a rented house to weave for the meager wages offered by the Master Weavers. However, I was not able to join the society member, because I Could not repay their advance amount. We have made some progress economically as the society paid the above amount and rescued us from the master weavers and made us with a house through the Group Housing Scheme.