Minority Artisans Development Scheme In Clusters
Minority Artisans Development Scheme in Cluster essentially loans Minority Artisans in Cluster approaches by providing loan through Banks for purchase of improved food kits & Small equipments to enhance productivity.
1.Should be from Minority Community
2.Practicing Minority Artisans in the Cluster
3.Age Limit between 18 to 55 years
4.Family annual income below Rs.50,000/-
Pattern of Assistance:
1. Maximum unit cost Rs.60,000/- per beneficiary
2. 50% subsidy from Corporation subject to maximum of Rs.30,000/-
3. 10% Beneficiary contribution
4. Remaining Bank Share of loan
Repayment of Bank Loan:
Bank loan will be provided at existing priority section lending interest rates with Repayment of loan over a period of 3 years without any moratorium.
Interest Subsidy (Pavala Vaddi):
To ensure fiscal discipline & prompt repayment of Bank loan by beneficiary interest subsidy to reduce interest burden by subsiding the interest over and above 3% charged by bank.
The Detailed guidelines are available in G.O.Ms.No.30,Dt.23-07-2008 at downloads (Government Orders)