Recharge
Pay Bills
Fee Collections
Pay Taxes
Net Banking
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
• Crewel
• 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 Limit* |
Moratorium | Repayment |
| Carpet Weaving | 1 Loom 3 Weavers |
9 X 6, 40 X 40 | Term Loan | 30 | 18 Months | 24EMIs |
| WCTL | 305 | 18 Months | Bullet | |||
| 1 Loom 3 Weavers |
9 X 6, 30 X 30 | Term Loan | 30 | 15 Months | 24EMIs | |
| WCTL | 175 | 15 Months | Bullet | |||
| 1 Loom 3 Weavers |
9 X 6, 24 X 24 | Term Loan | 30 | 8 Months | 24EMIs | |
| WCTL | 115 | 8 Months | Bullet | |||
| 1 Loom 3 Weavers |
9 X 6, 18 X 18 | Term Loan | 30 | 6 Months | 24EMIs | |
| WCTL | 75 | 6 Months | Bullet | |||
| Kani Shawl Pashmina *** |
1 Loom 2 Weavers |
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.
