PNB WMS (WEAVER MUDRA SCHEME) :

  • Eligibility : -Existing Handloom Weavers are eligible having satisfactory CIBIL.
  • Purpose : For working capital requirements (W.C.R.) of the weaver.
  • Extent of Loan : Need based limit, max. Rs. 5.00 lakh.
  • Type of Facilities : Only OD/Cash Credit facility will be provided for working capital requirements.
  • 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 Fees
      • Loans 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.
    • Only OD/Cash Credit facility will be provided for working capital requirements.
    • 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 The money can be withdrawn by the weaver anywhere, anytime from ATM of the bank, as per his requirements.