Hathkargha Bunkar Mudra Yojana Eligibility, Benefits, Apply Process, Loan Limit, Terms and Conditions, Objective, Required Documents.
The Hathkargha Bunkar Mudra Yojana has been started for the Weavers of our country. This yojana has been launched by the Ministry of Textiles of the Central Government. The weavers who belongs to the economically weaker sections will be provided the financial assistance. The weavers and people related to the textile industry will be provided the loans by the government at the affordable interest rates under this scheme. This will help in increasing their economic condition as well as the employment opportunities will be increased. This scheme has been implemented in both the rural and the urban areas.
This yojana will also help in securing the traditional business which is going to extinct. To get the complete information regarding this yojana, go through the complete below article.
Hathkargha Bunkar Mudra Yojana
The Handloom Weavers Mudra Yojana has been released by the Indian Ministry of Textiles for the Weavers of our Country. Under this yojana, the Union Ministry of Textiles gives the loan facility at the affordable rates via banks to the weavers. With the help of this yojana, the Maximum loan of up to Ten Lakh Rupees will be provided to the weavers. The weavers will be provided this loan via banks at an interest rate of six percent. Once a person have applied for the Hathkargha Bunkar Mudra Yojana and when the loan is approved, then the beneficiary will be provided a Mudra Card.
With the help of this Card the beneficiary can withdraw the loan money from the ATM Machine. In order to provide the advantage of this yojana, the terms and conditions have been made. The eligible people can apply for this yojana by following some simple steps that we have provided in the below article. The best thing of this yojana is that the Beneficiary does not required any type of guarantee to acquire the loan under this yojana.
Overview of the Hathkargha Bunkar Mudra Yojana
|Hathkargha Bunkar Mudra Yojana Apply Process, Eligibility, Benefits Details
|Hathkargha Bunkar Mudra Yojana
|To promote small and medium class weavers and Create Job Opportunities
|10 Lakh Rupees
|Online and Offline
The Purpose of this Yojana by the Central Govt is to provide immediate finance to the weavers of the country and to provide low interest and subsidy loan facility to encourage traditional knowledge and middle class industries. This will help in improving the weavers economic condition and the rural and urban area people can easily acquire the advantage of this scheme. The govt will give the financial assistance for the working capital, tools and equipment purchase and also give loans to handloom weavers. This will help in increasing their income. Via this yojana, the industry in the country will get an uplift. With this, more employment opportunities will be made.
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Hathkargha Bunkar Mudra Yojana Eligibility Criteria
- In order to acquire the benefit of this yojana, the applicant must be an Indian Citizen.
- Any weaver of the country can apply under this yojana.
- All the Handloom Weavers who are involved in the weaving activity can apply under this yojana.
- Under this Yojana, the Joint Liability Groups and Self Help Groups can also apply.
- Age of the person must not be more than 18 years old to take the loan from the bank.
- The person must not be a defaulter in any bank.
- Aadhar Card
- Bank Account Statement
- Address Proof
- Mobile Number
- Passport Size Photo.
Hathkargha Bunkar Mudra Yojana Benefits
- Under this Handloom Wavers Mudra Yojana, the Weavers of the country are provided the loans so that they can fulfil their basic financial needs.
- The benefit of Subsidy of about 7% will be provided by the govt on the interest of the loan provided to the weaver under this yojana.
- The central govt will provide this loan to the weavers at an interest rate of 6% under this yojana.
- In order to acquire the benefit under this yojana, the eligible weaver can simply acquire a loan of up to maximum Rs. 10 Lakh.
- The interested candidates can apply under this yojana through online mode and they don’t have to visit to the govt offices.
- The loan amount will be returned by the beneficiary only after getting the loan via this yojana. There is not need to pay the interest.
- Under this yojana, the beneficiary do not have to pay the interest, rather this amount will be borne by the Govt.
- The small business and new employment opportunities will be increased with the help of this yojana.
- Via this yojana, the Indian weavers economic condition will improve.
How to Apply for Hathkargha Bunkar Mudra Yojana?
- Visit to the official Portal of this Scheme.
- Then, visit to your nearest bank.
- Acquire the application form of Handloom Weaver Mudra Yojana.
- After that, Enter the necessary details in this form.
- Read the terms and conditions.
- Attach the necessary documents.
- And then submit the application form to the bank official.
Terms and Conditions to Get Loan
- The Weaver who wants to acquire the loan under this yojana their civil score must be good.
- Under this yojana, in the form of loans, term loans and credits the loans are provided to the weavers.
- The beneficiary can pay the loan installment quarterly or monthly.
- Beneficiary have to repay the loan that is taken from time to time. So that the different types of loan facilities can be acquire in the future.
As per the Union Ministry of Textiles, Handloom Mudra Loan can be provided up to a maximum of Rs. 10 lakh. Under this yojana, in two ways the bank provides loan. For working capital and For fixed capital. And the limits of these capitals are also determined differently.
|For Capital (Term Limit)
|Maximum Rs. 2 Lakh
|Total (Weaver Term Loan + Term Loan)
|Maximum Rs. 5 Lakh
|For Working Capital (Cash Credit Limit, Cash Credit Card Limit)
|From Five Lakh to Ten Lakh (Maximum can be given up to Five Lakh)
Who can apply for This Handloom Weavers Mudra Yojana?
- All the weaver and auxiliary worker who are involved in the weaving activities can apply under this Hathkargha Bunkar Mudra Yojana for Loan.
What is the amount of loan that will be given under Hathkargha Bunkar Mudra Yojana?
- Under this yojana, the Rs. 10 lakh loan will be given by the banks of the Ministry of Textile Industry.
What is the Helpline Number of this Yojana?
- The Helpline Number of Hathkargha Bunkar Mudra Yojana is 18002089988.
Central Govt Scheme Category Link: – Click Here