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Target Group
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Artisans and craftspeople. 18 traditional trades i.e., Carpenter, Boat Maker, Armourer, Blacksmith, Hammer and Tool Kit Maker, Locksmith, Goldsmith, Potter, Sculptor, Cobbler, Mason, Basket/Mat/Broom maker/Coir weaver, Doll & Toy Maker, Barber, Garland Maker, Washerman, Tailor & Fishing Net Maker.
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Purpose
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To enhance and support the capabilities of traditional
artisans and craftspeople as TL.
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Eligibility
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Min 18 years of age; engaged in one of the traditional
trades in unorganised sector on self-employment basis;
should not have availed loans under similar credit based schemes of central/state govt in the past 5 years (eg. Mudra, PM Svanidhi, PMEGP etc.); restricted to one member of the family.
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Quantum
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First Tranche: upto Rs.100000/- (should have undergone skill verification & completed basic skill training);
Second Tranche: upto Rs.200000/- (adopted digital txns in their business or taken advanced skill training & after closure of 1st tranche loan i.e.,min 6 months after disbursement of 1st tranche loan).
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Margin
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As applicable to MSME
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ROI
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RLLR + 2.65%; concessional ROI @ 5% and upto 8% interest subvention (only for STD Acs) by GOI will be given to banks upfront.
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Repayment
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First Tranche: 18 months;
Second Tranche: 30 months.
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Collateral Security
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NIL, covered under CGTMSE on portfolio basis (Annual basis ending with FY)& credit guarantee fee borne by GOI.
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