FATAPS
What this is
The "Financial Assistance to Traditional Artisans (Panchavrutthi Scheme)" provides financial assistance to traditional artisans of the Vishwakarma community in Karnataka. The scheme aims to help these artisans purchase modern tools & upgrade their technological skills to enhance their trade.
In detail
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.
Who qualifies
- The applicant should belong to the Vishwakarma community.
- The applicant should be a permanent resident of Karnataka.
- The applicant's age should be between 18 to 55 years.
- The applicant must be engaged in one of the traditional Vishwakarma occupations, including Gold & Silver work, Sculpture, Blacksmith, Woodwork & Handicrafts, or Metallurgy.
- The applicant or their family members should not have availed of any loan facility from the KVCDC in the previous years.
What you get
- 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.
not about the scheme.
Provenance
| schemeName | Financial Assistance to Traditional Artisans (Panchavrutthi Scheme) | myScheme · 2026-09-02 |
| schemeOpenDate | ... | not published at source |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | False | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |