Term Loan / Working Capital Term Loan (WCTL)
To provide adequate and timely credit for comprehensive requirements of Artisans & Craftsmen, etc.
All Artisans, Craftsmen and other people aged 18 to 60 years, associated with below-mentioned activities:
• Carpet Weaving
• Shawl Embroidery
• Kani Shawl Weaving.
• Chain Stitch
• Wood Carving
• Paper Machie
The Quantum of finance, Moratorium Period and the Repayment Schedule for each of these activities shall be as follows
|(Amount in 000's)|
|Activity||Unit||Size (ft), Knots / sq. inch**||Loan||Max
|Carpet Weaving||1 Loom
|9 X 6, 40 X 40||Term Loan||30||18 Months||24EMIs|
|9 X 6, 30 X 30||Term Loan||30||15 Months||24EMIs|
|9 X 6, 24 X 24||Term Loan||30||8 Months||24EMIs|
|9 X 6, 18 X 18||Term Loan||30||6 Months||24EMIs|
| Kani Shawl
|Term Loan||15||8 Months||24EMIs|
|42 x 81 inches||WCTL||60||8 Months||Bullet|
|Shawl Embroidery||1 Artisan||42 x 81 inches||WCTL||60||8 Months||Bullet|
|Chain Stitch||4 Artisans||2100 Sft||WCTL||70||8 Months||Bullet|
|Crewel||4 Artisans||1440 Sft||WCTL||100||8 Months||Bullet|
|Wood Carving||1 Artisan||Big Items||WCTL||100||8 Months||Bullet|
|2 Artisans||Small items||WCTL||100||8 Months||Bullet|
|Paper Machie||3 Artisan||Big & Small Items||WCTL||100||8 Months||Bullet|
Hypothecation of SIP / FG &
Cover under Credit Guarantee Fund Scheme of CGTMSE
0.05% of the amount sanctioned with a minimum cap of 25/- to be paid upfront.
10% both for TL and WCTL
Upfront Guarantee fee 1.00%, Annual Service Fee 0.50%. The upfront and service fee shall be borne by Ministry of Textiles, Government of India in case of craftsmen having Artisan Card of Dir. Handicrafts, Union Territories of J&K and Ladakh. However, craftsmen who don’t possess Artisan Card shall have to bear both the fee themselves
Comprehensive insurance of hypothecated assets.
- WCTL to be repaid bullet after moratorium
- TL in 24 EMIs after moratorium. Interest for moratorium to be capitalized.