05 Mar Micro Credit Plan Scheme (Interest Subsidy Scheme) By : Handlooms Date : 05-03-2020 Since, Handloom sector is a small scale cottage industry, a need has been felt to ease the credit flow to the weavers. In this regard a Micro credit Plan scheme is being implemented by the Department. The beneficiaries are identified and soft loan upto Rs. 1 lac are extended through various financial institutions at the prevailing rate of interest per annum, out of which 10% interest is paid by the Department as subsidy. Now this scheme is converted to Credit Card Scheme for Artisan & Weavers of Handicrafts & Handloom Sector.