To provide adequate and timely credit for comprehensive requirements of Artisans & Craftsmen, etc.

  • All Artisans, Craftsmen and other people aged 18 to 55 years, associated with below-mentioned activities:
    • Artisans, which shall include:
      • Namda Sazs/ /Wood Carvers/ Fur Garments/Leather Garments/Paper MachineMakers/ Willow Wickers.
    • Copper Smiths
    • Kangdi Makers
    • Tailors/Boutique

*However, Branch Heads can identify other activities in their respective service areas and apply for inclusion of these activities within the ambit of this product.

*Carpet –Weaving, Kani-Shawl weaving & Shawl Embroidery are not financed under this product, as a separate product “JKBank Dastkar Finance” has already been introduced for these activities.

S.No

Activity

Max.Limit
( in 000’s)

Moratorium

Repayment
Schedule.

1.

Artisans

 

 

 

1.a

Namda Sazs

20

One Month

-do-

1.b

Wood Carvers

50

Two Months

-do-

1.c

Fur/Leather Garments

50

One Month

Monthly

1.d

Paper Machie Makers

30

Two Months

-do-

1.e

Willow Wickers.

10

Nil

Weekly

2.

Copper Smiths

100

One Month

Monthly

3.

Kangdi Makers

10

Nil

Fortnightly

4.

Tailors/ Boutiques

40

Nil

Weekly

8.

Pottery

20.

1 Month

Fortnightly.

Amount of Loan

Security to be furnished

 Upto  25,000.

Hypothecation of stocks/articles
Third Party Guarantee of one Person

Above  25,000

Hypothecation of stocks/articles
Third Party Guarantee of two Persons.

Comprehensive insurance of hypothecated assets

0.05% of the amount sanctioned with a minimum cap of  25/- to be paid upfront

5 years after a moratorium of three months.