Incentives galore for artisans, businesswomen in Karnataka
5 months, 2 weeks ago

Incentives galore for artisans, businesswomen in Karnataka

New Indian Express  

BENGALURU: To promote local art and modernise traditional industries, the state government has revamped its industrial policy to provide incentives to artisans and women entrepreneurs. Officials from the Commerce and Industries Department said the move to offer loans on 4% interest towards working capital will help reduce the financial burden on artisans. The affordable credit plan will help artisans manage their cash flow, purchase raw material, and invest in upgrading their products. An official said the 10% MDA on turnover of handicraft products will help artisans get financial support that directly correlates with their sales.

Discover Related