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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.
- Ministry / Department
- Department Of Industries and Commerce
- Level
- State
- Benefit type
- other
Last verified: Recently
Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector क्या है?
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.
- लाभ
- Features & Benefits: No collateral security required Maximum credit limit of ₹2,00,000. 7% interest subvention over a period of 5 years. A maximum credit limit of ₹2,00,000 will be fixed with a loan component of ₹1,80,000 and the beneficiary's contribution of ₹20,000/-. Beneficiaries under the scheme shall be issued photo cards indicating therein, the sanctioned limit and validity period of the credit facility. Beneficiaries shall also be issued a Passbook or a Credit-cum-Passbook incorporating therein the name, address, borrowing limit, validity period, etc.
- स्तर
- State — Jammu and Kashmir
- मंत्रालय / विभाग
- Department Of Industries and Commerce
- लाभ का प्रकार
- other
- मुख्य पात्रता
- 1. 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 eligib
- अंतिम सत्यापन
- Recently
Benefits
Features & Benefits: No collateral security required Maximum credit limit of ₹2,00,000. 7% interest subvention over a period of 5 years. A maximum credit limit of ₹2,00,000 will be fixed with a loan component of ₹1,80,000 and the beneficiary's contribution of ₹20,000/-. Beneficiaries under the scheme shall be issued photo cards indicating therein, the sanctioned limit and validity period of the credit facility. Beneficiaries shall also be issued a Passbook or a Credit-cum-Passbook incorporating therein the name, address, borrowing limit, validity period, etc.
Eligibility
1. 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 eligibArea: Jammu and KashmirBenefit: other
Documents Required
How to Apply
Step 1: Offline application — step 1
Fresh Application:
Step 2: Offline application — step 2
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.
Step 3: Offline application — step 4
Renewal Application:
Step 4: Offline application — step 5
The credit limit could normally be valid for a period of five years subject to annual review by the bank. For the purpose of the annual review, the borrower may not be required to submit any financial statement. Based on an assessment of performance during an inspection by field staff and operations in the account, the review exercise may be carried out annually and a decision on continuation or otherwise of the limit sanctioned, below the cap of ₹ 1,80,000 may be taken. Need .for enhancement in the limit sanctioned may also be considered as part of the review. No fee will be charged for the review/ renewal of the limit.
Sources & References
- Official scheme website ↗
- View on myScheme (Government of India) ↗
- Information is summarised from official government sources. Verify all details on the official website before applying.
Ready to apply?
Applications are accepted only on the official government portal.
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