Virasat Loan Scheme of NMDFC

Concessional Credit to the beneficiaries among minority communities.

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.

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).



Apply Now

Filled Application Form (individual artisan).

Recent Photograph of the applicant.

Proof of Minority Status (certificate or self-declaration).

Income Certificate issued by competent authority.

Proof of Residence: Aadhaar card, voter ID, ration card, or similar.

Identity Proof: Aadhaar card/PAN card.

Proof of Occupation/Skill: Artisan ID card from Development Commissioner (Handicrafts/Handlooms) or Certificate from local artisan cooperative/society/panchayat.

Project Proposal or Requirement List (tools, machinery, raw materials, etc.).

Quotation/Estimate from supplier(s).

Bank Account Proof: Aadhaar-linked bank passbook.

No Dues Certificate (if previously assisted).

Affidavit/Self-declaration confirming non-benefit from other similar artisan loan schemes.