1. 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 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.