Purpose
Providing adequate and timely assistance to the weavers to meet their credit requirements.
Eligibility
All weavers involved in weaving activities (including new borrowers who are eligible for credit facilities for carrying out proposed activities under banks scheme). The scheme is applicable to handloom sector. This scheme is not for Co-operative societies and SHG.
Preference would be given to wearers identified under Third Census of handloom weavers conducted by Development Commissioner (Handlooms), Ministry of textiles as well as wearers identified by State Government Udyam Registration Certificate is mandatory
Nature of Facility
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WC & TC
Max Finance
Upto Rs.50,000/- Max Rs 10 lacs
Margin
25% of project cost
Interest Rate
Attractive rate of interest based on RBLR.
Loan Term
84 Months