Rs.14.71 Cr credit boost for Kashmir artisans
Srinagar, Oct 8, Oct. 9 -- Artisans and weavers across Kashmir are receiving a fresh boost of working capital, with the Handicrafts and Handloom Department extending loans worth Rs.14.71 crore under its flagship Credit Card Scheme in the first two quarters of the current financial year. Of the 3,885 applications sponsored to banks, 1,332 have been sanctioned and 1,054 disbursed by the end of September 2026.Sharing details in a press release issued here today, spokesman of the Department stated that the department is working with lead banks and other financial institutions to widen access to this facility. "The funds are meant to help craftspeople set up independent units and buy raw material and tools in a sector that remains heavily labo...
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