The objective of the scheme is to alleviate the problems of collateral security or third party guarantee and remove implements to flow of credit in the handicraft sector.
Under this scheme credit guarantee cover of upto 75% of the credit facility is provided subject to maximum of Rs. 18.75 lakhs for the loan upto Rs. 25 lakhs.
An amount of Rs. 5.10 Crore has been placed with 7 Regional Coordinator Banks towards guarantee fee. This is expected to facilitate a credit of Rs. 222.50 crore to cover target of 94,000 artisans during 2006-07.

The handicrafts artisans/ manufacturers/ producers who are engaged in manufacturing activities in Handicrafts Sector are covered under Credit Guarantee Scheme.

Please contact the relevant department.
 

Contact

Ministry of Textiles
Office of the Development Commissioner (handicrafts)
West Block No. 7, R.K.Puram, New Delhi - 110066
Website: http://handicrafts.nic.in Email: dchejs@nic.in
Tel. 26163085, 26199466.