Andhra Bank
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Toll Free Number : 1800 425 1515

 
Artisans Credit Card (ACC) Scheme
 
  Purpose


To provide adequate and timely assistance to the artisans to meet their credit requirements for both term loan and working capital.

 
  Eligibility

  • All artisans involved in production/ manufacturing process
  • Artisans to be registered with Development Commissioner (Handicrafts)
  • Thrust in financing would be on clusters of artisans and artisans who have joined to form self Help Groups (SHGs)
  • Beneficiaries of other Govt sponsored loan schemes will not be eligible
  •  
      Quantum


    Individual Rs.30,000/- and Rs.2.00 lakhs per Group

     
      Margin

  • Upto Rs.25,000/ - Nil
  • Above Rs.25,000/ - 5%
  •  
      Security

    Hypothecation of assets created out of the loan
     
      Collateral Security & Third party Guarantee

    Not required
     
      Validity

    3 Years subject to annual review
     
      Guarantee

    Covered under CGTMSE Scheme. Guarantee fee and Annual Service fees will be met by CGTMSE from the funds placed by Development Commissioner(Handicrafts)