BOB Weaver Mudra Scheme BOB Weaver Mudra
Bank of Baroda's loan for handloom weavers to buy looms and meet working capital needs, delivered under the government's Weaver Mudra scheme with margin money help.
Last updated on
- Status
- Open
- Run by
- Bank of Baroda
What you get
- Up to ₹5 lakh in total, as a demand loan and working capital
- Government margin money help of 20% of the loan, up to ₹25,000
- Credit guarantee from CGTMSE
- Mudra card for withdrawals of up to ₹5,000 a day
- Interest subsidy on working capital for up to 3 years from first disbursement
Who can apply
- Businesses that are already running.
- Open to businesses in handicrafts.
- Only for artisans.
- The most on offer is ₹5 lakh.
- Existing or experienced handloom weavers
- Your own contribution is 20% of the total project cost
How to apply
- Visit your nearest branch, or use the Apply Now link on the product page
In person, nearest Bank of Baroda branch
In Kerala, any Bank of Baroda branch in Kerala
Figures you may see elsewhere
The page calls the scheme open to existing or experienced handloom weavers, but another line says it is available only to eligible handloom organisations. Check with the branch.
This page caps the loan at ₹5 lakh, while Indian Bank's Weaver MUDRA page gives up to ₹10 lakh for individual weavers under the same central scheme.
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.