SBI for SME targets Handloom sector by providing an exclusive Credit Card loan scheme to weavers and its ancillary workers involved in weaving activities. Main highlight of SBI Weavers Credit Card Scheme is Collateral-free loan facility covered under CGTMSE guarantee coverage. It can be utilized as working capital or purchase of tools and equipment required for carrying out weaving activity.
SBI has a good loan scheme, which is SME Credit Card Loan Scheme perhaps, the least publicised scheme in the credit card sector of SBI SME. It gives upto 10 lakhs under CGTMS and collateral free. This product is good for the units unable to provide elaborate financial data sought by banks for assessing credit needs.
The SBI SME Artisan Credit Card scheme For Skill Based Businesses provides loans to Artisans to meet their credit requirements both for investments as well as working capital in a flexible manner at liberal rates of interest. Preferences to be given to artisans registered with Development Commissioner (Handicraft). Product aims at clusters supported by Self Help Group (SHG).
Kisan Credit Card Scheme: The Kisan Credit Card (KCC) Scheme was a model agriculture loan scheme prepared by NABARD in August 1998 and RBI advised to implement the same by all commercial banks in India in 1998. After series of request from farmers, NABARD and RBI revised the whole KCC Scheme to suit the farmers' current needs. As per RBI directives, revised KCC scheme shall be referred to as the "Scheme to cover term loans for agriculture and allied activities under Kisan Credit Card Scheme".