Term Loan / Working Capital Term Loan (WCTL)

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

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
• Wood Carving
• Paper Machie

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


        (Amount in 000's)
Activity Unit Size (ft), Knots / sq. inch** Loan Max 
Limit*
Moratorium Repayment
Carpet Weaving 1 Loom 
3 Weavers
9 X 6, 40 X 40 Term Loan 30 18 Months  24EMIs
  WCTL 305 18 Months Bullet
1 Loom 
3 Weavers
9 X 6, 30 X 30 Term Loan 30 15 Months 24EMIs
  WCTL 175 15 Months Bullet
1 Loom 
3 Weavers
9 X 6, 24 X 24 Term Loan 30 8 Months  24EMIs
  WCTL 115 8 Months Bullet
1 Loom 
3 Weavers
9 X 6, 18 X 18 Term Loan 30 6 Months  24EMIs
  WCTL 75 6 Months Bullet
  Kani Shawl
Pashmina
***
1 Loom 
2 Weavers
  Term Loan 15 8 Months  24EMIs
 42 x 81 inches WCTL 60 8 Months Bullet
Shawl Embroidery 1 Artisan  42 x 81 inches WCTL 60 8 Months Bullet
             
  Chain Stitch   4 Artisans   2100 Sft   WCTL   70   8 Months   Bullet
  Crewel   4 Artisans   1440 Sft   WCTL   100   8 Months   Bullet
  Wood Carving   1 Artisan   Big Items   WCTL   100   8 Months   Bullet
  2 Artisans   Small items   WCTL   100   8 Months   Bullet
  Paper Machie   3 Artisan   Big & Small Items   WCTL   100   8 Months   Bullet

Hypothecation of SIP / FG & 
Cover under Credit Guarantee Fund Scheme of CGTMSE

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

10% both for TL and WCTL

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

Comprehensive insurance of hypothecated assets.

  • WCTL to be repaid bullet after moratorium
  • TL in 24 EMIs after moratorium. Interest for moratorium to be capitalized.