The Swarojgar Credit Card (SCC) Scheme aims to provide accessible and timely credit to small artisans, self-employed individuals, and other small entrepreneurs. It offers a combination of term loans and cash credit facilities, with a maximum limit of Rs. 25,000 per borrower. The scheme also includes a passbook and a credit card for recording transactions and serving as an identity card.

Key Features of the Swarojgar Credit Card Scheme:

Target Beneficiaries: Small artisans, self-employed individuals, petty business owners, fishermen, and other small entrepreneurs.

Loan Types: Term loans, cash credit limits, or a combination of both.

Maximum Loan Limit: Rs. 25,000 per borrower.

Interest Rate: Concessional rate of 10%.

Validity: SCC is valid for 5 years and the cash credit limit should be renewed annually.

Credit Card and Passbook: Beneficiaries receive a credit card and passbook for recording transactions and identity purposes.

Purpose: To provide adequate, timely, and uninterrupted credit for working capital, consumption needs, and/or block capital requirements.

Flexible and Cost-Effective: The scheme aims to offer credit in a flexible, hassle-free, and cost-effective manner.

No Government Subsidy: The scheme does not involve any government subsidy.

KYC: KYC (Know Your Customer) is mandatory for all borrowers