Virasat is a Credit Scheme for Craftpersons implemented by the National Minorities Development & Finance Corporation (NMDFC). The scheme was launched with an aims to help Artisians and Craftpersons in meeting their working capital and fixed capital requirement such as machineries, equipments and tools.


  • The scheme will avail a maximum Loan limit upto Rs. 10 lac
  • 1% Lower interest rate than charged under term loan scheme
  • Further a 1% loan rebate is provided for the women artisians.
  • NMDFC organise a platform to artisians to sell or get orders for their artefacts called Hunar Haat Exhibitions for promoting traditonal crafts.


As per the National Commission of Minorities Act, 1992, Artisians in the notified Minorities are Muslims, Christians, Sikhs, Buddhists, and Parsis. Subsequently, Jains community was also added into the list of notified Minority Communities in January, 2014. Additionally

  1. Artisans covered under Credit line-1 with annual family income of Rs 81,000 in rural areas and Rs 1.03 lacs in the urban areas.
  2. Preference will be given to artisans participating in Hunar Haat exhibitions organised by MNDFC

Artisans already sponsored under the concession credit scheme of the Government will not be eligible to again avail loan under this scheme.

Required Documents

Respective State Channelizing Agencies (SCAs) nominated by respective State/UT Government implement this scheme.
Generally each Channelizing Agency has an office at district level where the beneficiary is required to make formal application.

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