Launched by the National Minorities Development & Finance Corporation (NMDFC), the main aim of the scheme is to help Craftpersons and Artisans meet their fixed capital (tools, equipment, and machinery) and working capital requirements (manufacturing products as per market demand).
The main features and benefits of the Virasat scheme are mentioned below:
Under the National Commission of Minorities Act, 1992, the below-mentioned Artisans, who are notified as minorities, are eligible under the scheme:
Additionally, Artisans who are covered under the Credit Line-1 scheme (http://nmdfc.org/Index1.aspx?lid=43&lsid=70&pid=52&lev=3&langid=1) will be able to avail a loan.
Preference is also given to artisans who participate in the Hunar Haat Exhibitions that have been organised by the NMDFC. However, artisans who have been offered a sponsorship under the Government's concession credit scheme will be provided a loan under the Virasat scheme.
Union Territory/State Government nominated State Channelizing Agencies (SGA) will implement the scheme. The application form must be submitted by the artisan at the SCA office, which is usually present at the district level.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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