Andhra Bank
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Toll Free Number : 1800 425 1515

AB Power Tools (Shakti)
(A scheme to provide adequate financial assistance to the needy artisans and self employed persons to acquire modern power tools)

To provide Term loans for purchase of Power Tools and need based working capital to the following:

  • Carpenters and Wood Workers
  • Electrician for Servicing & repairs
  • Plumbers for sanitary servicing & repairs
  • Auto-Mechanics for servicing & repairs

All artisans and self employed persons who are engaged in the field of Carpentry & wood works, servicing & repairs of automobiles, electrical and sanitary servicing

  • Preference will be given to the successful trainees who have undergone training in the prescribed disciplines at AB Rural Development institutes; Andhra Bank sponsored EDPs conducted by Industry associations.
  • Clusters of artisans/ self employed persons who have joined to form Self Help Groups.
  • Beneficiaries identified under Central and State Government self employment schemes.
   Nature and quantum of loan

Financial assistance is by way of Composite loan. Maximum loan amount is Rs.1 lakh or as per the actual requirement



Hypothecation of Tool Kits/Stock in Trade

  Collateral Security & Third party Guarantee

Not required


Repayable in 3-5 years in appropriate EMI with 6 months repayment holiday.
  Rate of interest*



The loans are covered under CGTMSE Scheme. Guarantee fee of 1.00% and Annual Service fees of 0.50% has to be borne by the borrower


20% of the existing fund based limit


Same as existing margins to present working capital limits

  Co-obligation/ Guarantee

Continuation of existing Co-obligation/Guarantee


Primary: Stocks and receivables
Collateral: Continuation of existing collateral securities


One year with a provision of moratorium of six months, during which only interest will have to be serviced