Deen Dayal Upadhyaya Bunkar Yojana

Arunachal Pradesh launched Deen Dayal Upadhyaya Bunkar Yojana for all the women weavers in the state. The primary objective of this scheme is to provide an easy access to an affordable loan facility through bank channel.

All women wavers of the state will be eligible for the scheme who requires capital for their working purpose.

Under Deen Dayal Upadhyaya Bunkar Yojana, the women will get a loan only at 7% interest subvention. Subsequently, the benefits of this scheme is open to all women weavers whether a single woman weaver or a group of women weavers.

Highlights:

• The beneficiary of the scheme will get a loan on 7% interest subvention.
• Subsequently, the government will provide loan facility as a short-term credit / Cash Credit limit / Working capital limit / Weavers Credit Card / Swarojgar Credit card availed by the women weavers of the state.
• Accordingly, the Commercial and Regional Rural Banks will start disbursing the loans after 1 April 2017.
• Moreover, the state government has set a target to benefit approx. 3000 women weavers across the state for the current financial year.
• For this reason, the limit of working capital loan is up to Rs 2 lakh for each applicant women weaver under this scheme.
• In addition to this, the district administration will cover all the women weavers with no limit on the unit size / number of looms.
• However, the district administration and the bank will make all necessary efforts to create awareness about the scheme.