Atmanirbhar Hastshilpkar Scheme – UPSC Prelims

Ministry: Ministry for Development of North Eastern Region
Aim: To develop the artisans of the North Eastern Region by providing them financial assistance in the form of term loans for income-generating activities like setting up / expansion/modernization and other activities related to the sector.
Atmanirbhar Hastshilpkar Scheme
  • Under the scheme, a total of 17 artisans have already been provided with credit assistance of Rs.1 lakh per artisan.
  • The credit facility is collateral-free and carries a subsidized interest rate of 6% p.a., which is repayable in 24 months.
  • For regular repayment, an incentive of 1% on the interest rate is provided, which will be refunded to the artisans on successful repayment of loans.
  • Eligibility Criteria: The interested artisans can apply for the scheme with the following eligibility criteria:
    • Registered/ unregistered artisan/ Individual
    • Having valid qualifications or practising any art form
    • No existing loan from any other bank/ financial institution
    • Bank Account
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