Financial Scheme Proposal for Handicrafts and Traditional Weaving Clusters in Sivasagar

Prepared for Submission to the Bank

This proposal aims to seek financial assistance for setting up handicrafts and traditional weaving clusters in Sivasagar. The objective is to promote traditional Assamese handloom and handicrafts, create employment opportunities, and empower local artisans, particularly women. Below is a detailed breakdown of the financial requirements and repayment schedule.

1. Machinery Cost

Item	Quantity	Cost per Unit (INR)	Total Cost (INR)
Handloom Machines	20	50,000	10,00,000
Sewing Machines	15	25,000	3,75,000
Spinning Wheels	10	15,000	1,50,000
Embroidery Machines	8	30,000	2,40,000
Total Machinery Cost			17,65,000

2. Furniture and Fixtures

Item	Quantity	Cost per Unit (INR)	Total Cost (INR)
Work Tables	10	10,000	1,00,000
Storage Racks	15	5,000	75,000
Chairs	30	2,000	60,000
Total Furniture and Fixtures Cost			2,35,000

3. Working Capital Requirements

Item	Estimated Monthly Requirement (INR)	Total Requirement for 6 Months (INR)
Raw Materials (Yarn, Threads, Fabrics, etc.)	3,00,000	18,00,000
Labor and Wages	2,50,000	15,00,000
Marketing and Promotion	50,000	3,00,000
Miscellaneous Expenses	1,00,000	6,00,000
Total Working Capital Requirement (6 Months)		42,00,000

4. Total Project Cost

Category	Total Cost (INR)
Machinery Cost	17,65,000
Furniture and Fixtures	2,35,000
Working Capital (6 Months)	42,00,000
Grand Total	62,00,000

5. Repayment Schedule

Year	Repayment Amount (INR)	Interest Rate (%)	Total Amount to be Repaid (INR)
Year 1	12,40,000	8%	13,39,200
Year 2	12,40,000	8%	12,40,000
Year 3	12,40,000	8%	12,40,000
Year 4	12,40,000	8%	12,40,000
Year 5	12,40,000	8%	12,40,000
Total Repayment	62,00,000		62,99,200

Conclusion

This financial proposal outlines the comprehensive costs and repayment schedule for setting up weaving clusters in Sivasagar. The project aims to empower local artisans, especially women, by providing them with modern tools, workspace, and market access. With the support of financial institutions, we can bring the rich tradition of Assamese handloom and handicrafts to the global market while preserving and promoting this cultural heritage.