NMDFC Virasat Credit Scheme for Craftpersons

What it is

Strengthen minority artisan livelihoods and productive capacity through concessional credit for equipment, tools, machinery and raw material.

What you get

• NMDFC Virasat artisan credit: up to INR 10 lakh, subject to current SCA and scheme conditionsUp to ₹10,00,000

Who it is for

• applicant must belong to a notified minority community and be engaged in an eligible craft/artisan occupation
• credit may support working capital and fixed capital for equipment, tools, machinery or raw material
• Credit Line 1 and Credit Line 2 income and interest conditions apply
• application is routed through the relevant SCA/partner and requires current artisan/activity evidence
• female artisan rate concession is subject to current scheme terms

How to apply

1. 1
   Confirm artisan and Virasat eligibility

   Verify minority status, craft activity, income line, current ceiling and female-artisan concession under the controlling material.

   Official step
2. 2
   Prepare activity and project evidence

   Collect craft/activity proof, equipment or raw-material quotations, project report, KYC, income and contribution records.

   Official step
3. 3
   Apply through the SCA or partner

   Submit the current Virasat route through the relevant SCA/partner and complete its appraisal and documentation process.

   Official step
4. 4
   Complete disbursement and repayment setup

   Confirm the final contribution, rate, moratorium, repayment, utilization and monitoring terms before accepting the credit.

   Official step

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