A scheme for providing financial assistance to the craftsmen of Cottage Industries through Nationalised Banks, Co-operative banks, Public sector Banks or Private Banks.
Purpose
This scheme aims to supply self-employment to the unemployed persons in urban and rural areas. Disabled and blind persons are also eligible to take benefits under this scheme.
Eligibility Criteria of the Scheme
- Age: 18 to 65 Years.
- Qualification: The applicant should have passed minimum standard fourth OR, Training/ Experience: Should have undergone training for minimum three months from private establishment or minimum one month from Government recognized Institutes, in the area of the proposed business or should have experience of minimum 1 year in the same activity or should be hereditary craftsperson.
- No Income criteria.
Maximum Limit for Bank Loan
- ₹.8.00 lakh for Industries sector.
- ₹.8.00 lakh for Service sector.
- ₹.8.00 lakh for Business sector.