Interest Subvention Scheme

This component is being introduced for the first time based on suggestions emerged during the deliberations of the Working Group on Handicrafts. This scheme is facilitating credit access for handicrafts artisans, through introducing interest subventions for scheduled banks. 7% interest subvention, subject to actual , shall be available for artisans for loan taken from Scheduled banks. Maximum benefits of Rs. 1,00,000/-for a period of 3 years is admissible.

• Handicraft artisan registered with the office of DC (H) subject to the guidelines issued by DC (H) from time to time containing eligibility criteria, identified crafts and such other conditions as deemed fit........

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