Virasat Loan Scheme of NMDFC
in Uttarakhand
Last updated:
Virasat Loan Scheme of NMDFC in Uttarakhand
Virasat Loan Scheme of NMDFC is a government scheme available to eligible residents of Uttarakhand.
Apply for Virasat Loan Scheme of NMDFC in Uttarakhand
Scheme Overview
Concessional credit of up to Rs.10.00 lacs can be availed under Credit Line-1 & 2. to meet Working Capital and Fixed Capital for purchase of equipment/tools/machineries/raw material by the Minority Artisan.
Eligibility Criteria
a) The applicant must be Indian and belong to one of the six notified minority communities: Muslim, Christian, Sikh, Buddhist, Parsi, or Jain.
b) The annual family income of the applicant shall not exceed:
Rs. 3.00 lakh per annum under Credit Line–1.
Rs. 8.00 lakh per annum under Credit Line–2.
c) The applicant must be an artisan or craftsperson engaged in a traditional occupation (such as handloom, handicraft, metalwork, leatherwork, embroidery, pottery, etc.).
d) The applicant should have basic skills or certification in the relevant craft or trade, verified by a competent authority or local body.
e) The loan shall be used for procurement of tools, equipment, raw materials, or working capital to enhance production and market linkage.
f) Preference shall be given to women artisans and occupational clusters in minority-dominated areas.
g) The applicant should not be a beneficiary of any other similar artisan financing scheme at the time of application.
h) The beneficiary must possess a valid Aadhaar-linked bank account and minority certificate.
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Benefits
Concessional Credit to the beneficiaries among minority communities.
Required Documents
| # | Document |
|---|---|
| 1 | Filled Application Form (individual artisan). |
| 2 | Recent Photograph of the applicant. |
| 3 | Proof of Minority Status (certificate or self-declaration). |
| 4 | Income Certificate issued by competent authority. |
| 5 | Proof of Residence: Aadhaar card, voter ID, ration card, or similar. |
| 6 | Identity Proof: Aadhaar card/PAN card. |
| 7 | Proof of Occupation/Skill: Artisan ID card from Development Commissioner (Handicrafts/Handlooms) or Certificate from local artisan cooperative/society/panchayat. |
| 8 | Project Proposal or Requirement List (tools, machinery, raw materials, etc.). |
| 9 | Quotation/Estimate from supplier(s). |
| 10 | Bank Account Proof: Aadhaar-linked bank passbook. |
| 11 | No Dues Certificate (if previously assisted). |
| 12 | Affidavit/Self-declaration confirming non-benefit from other similar artisan loan schemes. |
How to Apply in Uttarakhand
NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
Offline NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
Common questions in Uttarakhand
Who can apply for Virasat Loan Scheme of NMDFC in Uttarakhand?
Eligible residents of Uttarakhand who meet the scheme’s overall criteria can apply for Virasat Loan Scheme of NMDFC. Refer to the eligibility section above for the complete checklist.
What documents are required for Virasat Loan Scheme of NMDFC in Uttarakhand?
Applicants in Uttarakhand typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The Virasat Scheme supports artisans and craftspersons from minority communities by providing credit for working capital and fixed capital requirements, such as purchasing tools, machinery, and raw materials. <br>