VIRASAT Scheme – A Credit Scheme for Craftpersons

The National Minorities Development & Finance Corporation (NMDFC) launched this scheme with the purpose of helping Artisans and Craftspersons in meeting their working capital (making products as per the demand in the market) and fixed  capital requirements (machineries, equipment and tools).

Overview of Virasat – A Credit Scheme for Craftspersons

Name	Virasat – A Credit Scheme for Craftspersons
Launched by	National Minorities Development & Finance Corporation
Launch year	2019
Nodal Ministry	National Minorities Development and Finance Corporation
Sector	Central sector scheme
Aim	purpose of helping Artisans and Craftspersons
Objective	to lend monetary assistance to minorities for income-generating purposes like small business and self-employment.
Official website	http://www.nmdfc.org/

Objective and Benefits of Virasat – A Credit Scheme for Craftspersons

•Maximum Loan limit of  Rs. 10 lac can be availed under the scheme.

•1% lower interest rate than charged under term loan scheme (offered by NMDFC). 

•Further a 1% loan rebate is provided for the women artisans.

•NMDFC organises Hunar Haat Exhibitions for promoting traditional crafts. This provides a platform to artisans to sell/get orders for their artefacts.

External links

Craftsperson

https://en.m.wiktionary.org/wiki/craftsperson#:~:text=craftsperson%20(plural%20craftspersons%20or%20craftspeople,at%20their%20trade%3B%20an%20artificer.