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Ministry Of Textiles

Pradhan Mantri Credit Scheme for Powerloom Weavers

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Frequently Asked Questions
The Government of India has introduced the Pradhan Mantri Credit Scheme to support the establishment of power loom units across the country. Through this scheme, financial assistance will be provided to decentralized powerloom units or weavers. In this article, we look at the Pradhan Mantri Credit Scheme in detail.
The Objectives are explained below:
  • To provide financial assistance through Margin Money Subsidy and interest reimbursement as against the credit facility (term loan) availed under Pradhan Mantri Mudra Yojana (PMMY) to the decentralized power loom units/weavers.
  • Margin Money Subsidy as against the credit facility (term loan) availed under the Stand-up India scheme by the SC, ST & Women Entrepreneur of the decentralized power looms units/weavers to meet their credit requirements such as for investment needs (Term Loan) and working capital, etc.
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