Scheme Detail

Credit Card Scheme for Artisan and Weavers of Handicrafts and Handloom Sector

In view of the merger of the Handiocrafts and Handlloom Departments into a single department with two divisional level Directorates at jammu and kashmir, Industries & Commerce department vide Goverment order No. 155-IND of 2020, dated 01.10.2020 has notified a new scheme titled 'Credit Card Scheme for Artisans and Weavers in Handicrafts and Handloom Sector', in siupersession of 'Credit Card Scheme for Artisans' implemented by Erstwhile Handicrafted department and 'Micro Credit Plan Scheme' implemented by the erstwhile Handloom Department. The Scheme envisages:-
1. Access to  credit of Rs. 2.00 lakh by the artisans and weavers from the recognized bank.
2. Interest subsidy of 07% for a period of 5 years from the day of disbursement of loan.