JK Bank Craftsmen Livelihood Finance

Cash Credit facility

To provide adequate and timely credit for comprehensive requirements of Artisans & Craftsmen, etc. The facility, however, shall be provided to those Craftsmen only who are part of the trilateral agreement between the Bank, Exporters/Traders/Manufacturers and the Craftsmen.

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 Embroidery
• Wood Carving
• Paper Machie

The Quantum of finance, and the Repayment Schedule for each of these activities shall be as follows:

 Activity

Unit

Size (ft),
Knots /
sq. inch**

Type of 
Facility

Working 
cycle

Max. Limit
Amt in 000's*

Carpet Weaving

1 Loom 
3 Weavers

9 X 6,
40 X 40

 

Working 
Capital

15 Months

300

1 Loom 
3 Weavers

9 X 6, 
30 X 30

Working
Capital

12 Months

175

1 Loom 
3 Weavers

9 X 6,
24 X 24

 

Working 
Capital

9 Months

115

1 Loom 
3 Weavers

9 X 6, 
18 X 18

     

Working 
Capital

6 Months

75

Kani Shawl
Pashmina

 

1 Loom
2 Weavers

42x81
inches

Working 
Capital

6 Months

60

Shawl
Embroidery

1 Artisan

42x81
inches

Working 
Capital

6 Months

60

Chain stitch

4 Artisan

2100 Sft.

Working Capital

6 Months

70

Crewel

4 Artisan

1440 m

 

Working Capital

6 Months

100

Wood carving

1 Artisan

Big 
items

 

Working Capital

6 Months

100

2 Artisans

Small 
Items

 

Working Capital

6 Months

100

Paper Machie

3 Artisan

Big &
Small Items

 

Working Capital

 

6 Months

100

**The sizes/Knots prescribed above are standard sizes. However, Branches can finance other size/knots also. The WC period and maximum amount of finance in these cases must be calculated in reference to the standard sizes. The WC Period and Max. Quantum of finance (including capitalized interest) in all cases shall, however, be subject to an upper ceiling as prescribed for 9X6 ft, 40X40 Knots carpet.

Hypothecation of Raw Material, SIP / FG & Receivables 
& Cover under Credit Guarantee Fund Scheme of CGTMSE

Comprehensive insurance of hypothecated assets.

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, J&K State. However, craftsmen who don’t possess Artisan Card shall have to bear both the fee themselves.