Financial Assistance to Traditional Artisans (Panchavrutthi Scheme)

About This Scheme

The "Financial Assistance to Traditional Artisans (Panchavrutthi Scheme)" was launched by the Department of Backward Class Welfare, Government of Karnataka, to provide financial assistance to traditional artisans (Panchavrutthi) of the Vishwakarma community in Karnataka. The scheme aims to help these artisans purchase modern tools and upgrade their technological skills to enhance their trade and craftsmanship. The Karnataka Vishwakarma Communities Development Corporation (KVCDC) facilitates this scheme.

Eligibility

1. The applicant should belong to the Vishwakarma community. 1. The applicant should be a permanent resident of Karnataka. 1. The applicant's age should be between 18 to 55 years. 1. The applicant must be engaged in one of the traditional Vishwakarma occupations, including Gold & Silver work, Sculpture, Blacksmith, Woodwork & Handicrafts, or Metallurgy. 1. The applicant or their family members should not have availed of any loan facility from the KVCDC in the previous years.

Benefits

- Loan Amount: Up to ₹80,000/- at an interest rate of 4% per annum.- Subsidy Amount: Up to ₹20,000/-.- Total Assistance: ₹1,00,000/- (Loan + Subsidy).- Repayment Period: The loan is repayable in 34 equal installments over three years, with a grace period of 2 months.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.