| SN | PARTICULARS | DESCRIPTION |
|---|---|---|
| 1. | Eligibility | Existing Handloom Weavers are eligible having satisfactory CIBIL. |
| 2. | Purpose | For working capital requirements (W.C.R.) of the weaver. |
| 3. | Extent of Loan | Need based limit, max. Rs. 5.00 lakh. |
| 4. | Type of Facilities | Only OD/Cash Credit facility will be provided for working capital requirements. |
| 5. | Govt. Support | (i). Margin money subsidy @20% of loan, Max. Rs.10000/-, by MoT, GoI. (ii). Interest subsidy : 6% shall be borne by the borrower and in excess to it by the Govt. (Max. upto 7% for 3 yrs. from date of disbursement.) as interest subsidy, in standard accounts. (iii). CGTMSE FeesLoans upto Rs.50000/- :- 0.25% of loan amount by Govt., for 3 years.Loans above Rs.50000/-& upto Rs.5 lakh By Govt. for 3yrs. |
| 6. | Facility for Working Capital | Only OD/Cash Credit facility will be provided for working capital requirements. |
| 7. | Mudra Card | Mudra Card (Rupay Card), having limit upto Rs.50000/, will be issued under this scheme. The money can be withdrawn by the weaver anywhere, anytime from ATM of the bank, as per his requirements. |