PURPOSE

• To provide adequate and timely assistance to the artisans to meet their credit requirements - both investment needs as well as working capital - in a flexible and cost effective manner. The scheme is implemented in rural and urban areas.

ELIGIBILE BORROWERS :

• All artisans involved in production / manufacturing process.
  
• Preference given to artisans registered with Development Commissioner (Handicrafts).
  
• Beneficiaries of other Government Sponsored loan schemes will NOT be eligible for coverage under BACC scheme.
  

LIMIT :

• Maximum Rs. 2/- Lakhs per borrower.

MARGIN :

• For limits upto Rs. 25,000/- No margin
  
• For limits above Rs. 25,000/- but upto Rs. 2 Lakhs 15% to 25% margin.
  
• Margin is subject to change as per RBI guidelines from time to time or the bank's policy in this regard.
  

SECURITY :

• Hypothecation of assets financed under the scheme..