<span style="color: #222222;">Following the notification of new Credit Card Scheme for Artisans and Weavers by the Government, the Department of Handicrafts and Handlooms Kashmir, has allocated district-wise quota for sponsoring cases of prospective beneficiaries to the financial institutions in each district of Kashmir Division during the current financial year.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">The district-wise allocation is based on existing craft-concentration centres in each district and the availability of practicing artisans and weavers. All artisans and weavers who are duly registered with the Handicrafts and Handloom Department and are involved in production and manufacturing processes shall be eligible for credit facility under the scheme. </span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">The loans shall provide much-needed financial support and credit facility to artisans and weavers to ensure business continuity in the times of Covid 19 pandemic. The loan slab under the scheme has been enhanced from one lakh rupees to two lakh rupees with interest subvention of 7 per cent for a period of five years. The scheme shall provide adequate and timely assistance to the artisan community from the financial institutions to meet their credit requirement of investment needs in a cost-effective manner.</span><br />