Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector
The Credit Card Scheme for Artisans & Weavers is a loan scheme by the Department of Handicraft & Handloom (Govt. of Jammu & Kashmir) under which adequate and timely assistance from the financial institutions is provided to the Artisans and Weavers.
About the Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector Scheme
The Credit Card Scheme for Artisans & Weavers is a loan scheme by the Department of Handicraft & Handloom (Govt. of Jammu & Kashmir) under which adequate and timely assistance from the financial institutions is provided to the Artisans and Weavers to meet their credit requirements of both investment needs as well as working capital in a flexible and cost-effective manner. The scheme would be implemented both in rural and urban areas. All Artisans and Weavers who are duly registered with the Handicrafts and Handloom Department, J&K, and are involved in production and manufacturing processes (otherwise eligible for credit facilities for carrying out the proposed activities under any of the existing bank schemes) shall be eligible. 5. The limit shall be valid for a period of five years subject to annual review by the competent authorities.
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Benefits:
- No collateral security required
- Maximum credit limit of ₹2,00,000.
- 7% interest subvention over a period of 5 years.
- Benefits Type (Monetary / Non-Monetary / Both): Monetary: A maximum credit limit of ₹2,00,000 will be fixed with a loan component of Rs.1.80 lakh and the beneficiary's contribution of ₹20,000/-.
Eligibility Criteria
- All Artisans and Weavers who are duly registered with the Handicrafts and Handloom Department, J&K, and are involved in production and manufacturing processes (otherwise eligible for credit facilities for carrying out the proposed activities under any of the existing bank schemes) shall be eligible.
- The selection of beneficiaries under the 'Credit Card Scheme for Artisans & Weavers in the Handicrafts and Handloom sector' shall be made by a District-level Selection Committee headed by the General Manager, District Industries Centre.
How to Apply for Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector
Application mode: Offline
Frequently Asked Questions
What is the Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector scheme?
The Credit Card Scheme for Artisans & Weavers is a loan scheme by the Department of Handicraft & Handloom (Govt. of Jammu & Kashmir) under which adequate and timely assistance from the financial institutions is provided to the Artisans and Weavers to meet their credi…
Who is eligible for Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector?
All Artisans and Weavers who are duly registered with the Handicrafts and Handloom Department, J&K, and are involved in production and manufacturing processes (otherwise eligible for credit facilities for carrying out the proposed activities under any of the existing bank schemes) shall be elig…
What benefits does Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector provide?
Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector provides government benefits to eligible applicants. See the benefits section for specifics.
How can I apply for Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector?
You can apply for Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector via Offline. Follow the step-by-step process in the "How to Apply" section above.
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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