Credit Card Scheme For Artisans And Weavers Of Handicrafts And Handloom Sector

The Credit Card Scheme for Artisans & Weavers is a loan scheme initiated by the Department of Handicraft & Handloom, Government of Jammu & Kashmir. Its primary objective is to offer adequate and timely financial assistance from financial institutions to artisans and weavers. This support aims to meet their diverse credit requirements, encompassing both investment needs and working capital, in a flexible and cost-effective manner. The scheme is designed for implementation across both rural and urban areas of Jammu & Kashmir.

Eligible beneficiaries include all artisans and weavers who are duly registered with the Handicrafts and Handloom Department, J&K. They must be actively involved in production and manufacturing processes and otherwise eligible for credit facilities under existing bank schemes for their proposed activities. The credit limit provided under this scheme remains valid for a period of five years, subject to an annual review by the competent authorities.

This initiative underscores the government's commitment to fostering the traditional handicrafts and handloom sectors, which are vital to the cultural heritage and economic livelihood of the region. By ensuring access to capital, the scheme empowers artisans and weavers to sustain and grow their businesses, thereby contributing to local economic development and employment generation.