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 scheme) shall be eligible.
2. No collateral security required.
3. Credit Limit would be fixed based on the assessment of working capital requirements.
4. A max. limit of Rs-2.0 lac will be fixed with loan component of Rs-1.80 lac and the beneficiaries contribution of Rs-20000.00/-.
5. The limit shall be valid for a period of 05 years, subject to the annual review by the competent authorities.