Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Corporation Bank Artisans Credit Card

    As a part of its MSME Banking venture corporation bank offers the Corporation Artisans Credit Card to artisans, especially those who are registered with Development Commissioner of Handicrafts, so that they can avail the Credit facility to meet their working capital needs and to acquire equipment’s and tools needed for completion of their work.

    Features and Benefits of Corporation Artisans Credit Card:

    Working Capital:

    A minimum amount worth up to 20% of the projected annual turnover is offered to the eligible applicant as working capital. This will be based on the recommendation given by the Nayak committee.


    The term loan taken against this credit card can be repaid within a maximum duration of 3 years. The Bank will renew the Working capital offered to the card holder based on an annual review. There is no need to submit financial statements or stocks. Additional charges are not applicable on the annual review and subsequent renewal of the credit card.


    The security to be pledged with the Bank is the hypothecation of all assets that have been created out of the loan taken against the Corporate Artisans Credit Card. Insurance coverage is available on these credit card accounts, under the CGFSI guarantee scheme.

    Loan amount:

    The maximum loan amount offered to an Artisan under this credit card scheme is Rs. 2 lakhs.

    Eligibility Criteria for Corporation Artisans Credit Card:

    The Corporation Artisans Credit Card is offered to all artisans. Priority is given to artisans who are registered under the list maintained by the Development Commissioner of Handicrafts. Those artisans who are gathered together under Self Help Groups and other clusters are also considered under this scheme. If the applicant has availed any benefits under any Government sponsored scheme, they are not eligible for the Corporation Artisans Credit Card.

    Other Agricultural Banking Products offered by Corporation Bank:

    • Corp Kisan Vehicle Loan Yojana [CKVLY]
    • Corp Kisan Farm Mechanization Scheme
    • Corp Kisan Credit Card Scheme
    • Corp Kisan Loan Scheme
    • Scheme for Reimbursement of Development Expenditure
    • Scheme for Financing Farmers
    • Agriculture Loan
    • Various Interest Subvention Schemes for Educational Loan Beneficiaries
    • Scheme for Financing Farmers for Purchase of Agricultural Land
    • CGBY
    • Scheme for Financing Cold Storage Unit
    • Scheme for Financing Agriclinics and Agribusiness Centers
    • Corp Agricultural Produce Loan (CAPL)
    • Agricultural Debt Waiver & Debt Relief Scheme
    • Interest subvention scheme for Short Term crop loans

    Corporation Artisans Credit Card FAQs:

    1. What is the validity period for this credit card?

      The Validity period of the Corporation Artisans Credit Card is up to 3 years.

    2. What is the loan margin applicable?

      There is no loan margin applicable on loans worth not more than Rs. 25,000.

    3. Is there insurance facility available to the credit card holder?

      Insurance coverage is available on these credit card accounts, under the CGFSI guarantee scheme. If the artisan is registered under the list maintained by the Development Commissioner of Handicrafts, they he/she is eligible for insurance coverage with the aid of the Indian Government on a cost sharing basis. The ratio of cost sharing between the government and the artisan would be 60:40.

    4. What is the repayment period for the loan taken against the Corporation Artisans Credit Card?

      The maximum repayment tenure available to a Corporation Artisans Credit Card holder is 3 years.

    Other Top Credit Cards by Corporation Bank

  • Corporation Bank Weavers Credit Card
  • Corporation Bank Laghu Udhyami Credit Card
  • Corporation Bank SME Credit Card
  • Corporation Bank International Credit Card

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