Target Group

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.

Purpose

To enhance and support the capabilities of traditional

artisans and craftspeople as TL.

Eligibility

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.

Quantum

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 1^st tranche loan i.e.,min 6 months after  disbursement of 1^st tranche loan).

Margin

As applicable to MSME

ROI

RLLR + 2.65%; concessional ROI @ 5% and upto 8% interest subvention (only for STD Acs) by GOI will be given to banks upfront.

Repayment

First Tranche: 18 months;

Second Tranche: 30 months.

Collateral Security

NIL, covered under CGTMSE on portfolio basis (Annual basis ending with FY)& credit guarantee fee borne by GOI.