J&K Artisan Credit Scheme
By Industries & Commerce Department, Government of Jammu & Kashmir
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Quick Answer
Artisan loans raised from Rs 1 lakh to Rs 2 lakh, with 10% interest subvention for five years.
- Funding amount
- Up to ₹2L
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Jammu and Kashmir
About this loan
The Artisan Credit Scheme, enhanced under the J&K Wool Processing, Handloom & Handicraft Policy 2020, is working capital credit for artisans running their own craft enterprises.
The Government has increased the existing loan amount from Rs 1 lakh to Rs 2 lakhs, and pairs it with an interest subvention of 10% for a period of 5 years. The subvention is the substantive benefit — it takes most or all of the commercial interest cost off a small artisan borrower for half a decade.
The loan itself is credit and must be repaid; the subvention reduces what it costs to carry. It is aimed at artisans buying raw material, tools and holding stock between selling seasons.
Eligibility
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Grant providers
Provider
Industries & Commerce Department, Government of Jammu & KashmirJammu · Jammu and Kashmir · India
The Industries & Commerce Department of the Government of Jammu & Kashmir is the Union Territory's department for industrial and commercial development. Its online front door is the J&K Single Window portal, where a business registers once, applies for departmental approvals and…
Learn moreBenefits & Funding
- Amount
- Up to ₹2L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
A credit line for artisans enhanced from Rs 1 lakh to Rs 2 lakhs, carrying an interest subvention of 10% for a period of 5 years. The principal is a loan and is repayable to the lending bank; the 10% subvention is the government's contribution to the interest cost, applied for the first five years. For an artisan enterprise, this is the cheapest formal working capital available in the UT.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The lending bank appraises the artisan's loan application under the Artisan Credit Scheme; the department then applies the 10% interest subvention against the sanctioned loan for five years.
Application Process
- 1
Artisan registration
Hold artisan registration recognised under the J&K handicraft department.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
How much can an artisan borrow?
The loan amount has been increased from the existing Rs 1 lakh to Rs 2 lakhs.
What is the interest subvention?
10%, for a period of 5 years.
Is the loan repayable?
Yes. The principal is bank credit and must be repaid; the subvention only offsets interest.
Who is eligible?
Artisans in Jammu & Kashmir under the Wool Processing, Handloom & Handicraft Policy 2020.
How long does the subvention last?
Five years.
Where do I apply?
Through the lending bank, with the scheme registered via the J&K Single Window portal.
Sources
Data on this page is compiled from official program and provider references.
