Credit Card Scheme for Artisans and Weavers – J&K

Overview

The Credit Card Scheme for Artisans and Weavers is a state initiative by Jammu and Kashmir to provide easy access to credit for craftspeople in the handicrafts and handloom sectors. It works like a revolving credit facility, giving artisans the flexibility to buy raw materials and meet working capital needs.

The scheme supports the traditional crafts economy of J&K by ensuring artisans do not face cash shortages during production.

Objective

The scheme aims to remove credit barriers faced by artisans and weavers in Jammu and Kashmir. It provides them with a flexible and accessible financial tool to manage their craft production cycle without depending on moneylenders.

Benefits

• Credit card with a pre-approved credit limit
• Revolving credit facility for raw material purchase
• Concessional interest rates
• Easy repayment terms tied to production and sales cycles
• Boosts working capital availability for small craft units

Eligibility

• Artisan or weaver registered with the Handicrafts or Handloom Department of J&K
• Must be engaged in actual craft production
• Should have an Artisan Identity Card or Weaver’s Identity Card
• No existing default on government credit schemes
• Resident of Jammu and Kashmir

Exclusions

• Non-registered artisans or weavers are not eligible
• Those with existing loan defaults will be excluded
• Residents outside J&K are not covered
• Use of credit for non-craft purposes is not permitted

Application Process

1. Visit the District Handicrafts or Handloom Office in your area
2. Obtain the credit card scheme application form
3. Submit the form along with required documents
4. Officials verify registration and eligibility
5. Credit card is issued through a partner bank upon approval

Documents Required

• Artisan Identity Card or Weaver’s Identity Card
• Aadhaar card and address proof
• Bank account details
• Passport-size photographs
• Any proof of current craft activity (workshop, materials, etc.)