Loan for Artisans

Processing Fee -   0.50% + GST

Interest Rate -   6 % p.a.

Loan for Artisans

Development of pretty artisans of the North Eastern Region by provising financial assistance in the form of term loan for income generating activities of handloom/handicraft sector for setting up/expansion/modernisaion/working capital and other activities related to the sector


  • Registered/unregistered artisan/Individual
  • Having valid qualification or practicing any art of form
  • No existing loan from any other Bank/Financial Institution

  • Photo identity and Address proof : As per RBI defined KYC guidelines.
  • Bank Account
  • Aadhaar Card (optional)

 Key Features

Rate of Interest

6% p.a


Upto 24 months

Nature of Assistance

Short Term Loan

Upfront Fee

0.5% of the Loan amount


  • First charge on current assets including book debts both present and future.
  • First charge/ hypothecation on the plant and machinery, misc. fixed assets, other movable assets created out of the loan both present and future.
  • Personal Guarantee of the Promoter (s)/ Guarantor(s).
  • Coverage under CGTMSE for all proposals / collateral security as required.
  • Applicable CGTSME fee (AGF/ASF) as applicable, to be borne by the promoter.

 Other Terms & conditions

  • Extent of Assistance: Maximum 85% of the project cost
  • Promoter’s Contribution : Minimum of 15% of the Project Cost.

Key Area

Cane & Bamboo

Water Hyacinth

Banana Fiber






Wooden Artware

Maximum Loan Amount upto 1 Lakh

Interest calculation on Reducing Balance

No Detailed Project Report is required