To provide easy access to credit to specified clusters, handicrafts / artisans.
Punjab Small Industries Corporation (PSIC) is a Statutory Body Corporate established under the Punjab Small Industries Corporation Act, 1973 for promotion of Small Scale Industry through:
a. Infrastructural facilities through establishment of Small Industrial Estates.
b. Establishment of Industrial Support Centres /Cluster Development Centres.
c. Development and promotion of Handicrafts/Crafts.
d. Credit Assistance to establish and promote small, cottage and household industries.
e. Census and Survey of Small Scale Industries.
Punjab Small Industries Corporation (PSIC) designed a scheme titled “Financial Support for Cottage Industries / Cluster Development” to provide credit to cottage industries in specified clusters of 12 Districts of Punjab with the revolving funds of Rs.300.00 million. Under the scheme loan upto Rs.300,000/- will be provided to eligible individuals with the repayment period of three (03) years.