The Handloom and Handicrafts artisans of Cottage industries, Gujarat state require financial assistance for purchase of machinery or raw materials for development of their business. For this, artisans have to depend on financial institutions/private money lenders. Since their interest rates are high, it becomes difficult for the artisans of Cottage industry to sustain themselves in the present market. Under these circumstances, this scheme has been introduced with an aim to provide working capital at low interest rates to the workmen in urban and rural areas registered as artisans with the Indext-C of Cottage and Rural Industries Department.