The `Star Swarnakar Suvidha Scheme from the Bank of India stable is actually a loan to jewellery manufacturers in the form of gold, and not cash support.
The beneficiary would not only enjoy finance support but could also take up skill development training and seek the banks support for establishing a link with retailers for sale of the jewellery.
The bank has tied up with SIDBI (Small Industries Development Bank of India) for upgrading the skills and practices of the jewellery makers. SIDBI is now in the process of organising training programmes for the goldsmith.
This should take off within a month. The goldsmiths are to be trained at Mumbai and Surat and SIDBI has accepted to bear 50 per cent of the cost of the training, including the travelling cost and boarding charges.