The government will enhance the capital fund and working capital assistance for setting up micro ventures in the handicrafts sector, Minister for Industries P. Rajeeve has announced.
Addressing a function held to distribute the State Handicrafts Awards 2021, instituted by the Department of Industries and Commerce (DIC), he said the capital fund for establishing micro ventures would go up from ₹2 lakh to 3 lakh for the general category. For special categories like SC/ST, it will be increased from ₹3 lakh to 4.5 lakh.
The Minister said the working capital assistance for general category in the handicrafts sector would be hiked from ₹2 lakh to 5 lakh while it will be ₹7.5 lakh for the special category, up from the current ₹3 lakh.
