WEAVER CREDIT CARD (WCC) SCHEME

Purpose: To provide credit to the weavers to meet their credit requirement – working capital or term loan or both
Eligibility: All weavers and ancillary workers involved in weaving activities.

Margin

For limit up to Rs 25,000 : NIL
For limit above Rs 25,000 : 20%
Maximum limit: Rs 2.00 lakh

Repayment

Cash credit: Revolving cash credit valid for 3 years
Term loan: Repayable in 3 years
Security: Primary security only and no collateral
Validity of Card: 3 Years subject to annual review