What is the interest rate of handicraft loan?

Interest rates for handicraft loans vary depending on the lender, loan amount, and applicant’s credit profile. Government schemes and financial institutions often offer concessional rates to promote traditional crafts and support artisans. Rates can be floating or fixed and can differ for working capital versus term loans. Applicants should compare offers from multiple sources and review terms carefully before committing. Additional benefits, such as interest subsidies or flexible repayment options, may be available under specific government programmes aimed at supporting the handicraft sector.