Weaver MUDRA Scheme Weaver MUDRA
Indian Bank's loan for handloom weavers, weaver groups and handloom societies, delivered under the government's Weaver MUDRA scheme with margin money help and no collateral.
Last updated on
- Status
- Open
- Run by
- Indian Bank
What you get
- Up to ₹10 lakh for individual weavers, SHGs and joint liability groups
- Up to ₹1 crore for handloom organisations and producer companies
- Margin money help of 20% of the loan for individual weavers, capped at ₹25,000
- No collateral and no third party guarantee
- Term loan over up to 3 years with up to 6 months moratorium, or yearly working capital
Who can apply
- Open to businesses in handicrafts.
- Only for artisans.
- The most on offer is ₹1 crore.
- Handloom weavers, weaver entrepreneurs, SHGs, joint liability groups, weavers' cooperative societies, state handloom corporations and handloom producer companies
- GST registration unless exempt under government rules
How to apply
- Visit your nearest Indian Bank branch with your weaver identity card or yarn passbook
- Or start online through the bank's application portal or request a call back
In person, nearest Indian Bank branch
In Kerala, any Indian Bank branch in Kerala, or the bank's online application portal
Documents to keep ready
- For individuals, a Pehchan card from the Development Commissioner (Handlooms), a yarn passbook or a state government identity card
- For handloom organisations, registration certificate, balance sheet, profit and loss account and list of registered weavers
- Audited accounts if annual turnover is above ₹1 crore
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 Seen something out of date?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.