PM-VIKAS to Boost Credit Access via NMDFC Loan Programs


The Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) is a Central Sector Scheme under the Ministry of Minority Affairs, designed to support the development of six notified minority communities. It consolidates five earlier schemes—'Seekho Aur Kamao,' 'Nai Manzil,' 'Nai Roshni,' 'USTTAD,' and 'Hamari Dharohar'—to provide a more comprehensive approach to empowerment.

The scheme focuses on multiple key areas, including skilling and training in both traditional and non-traditional sectors, women’s leadership and entrepreneurship, education through the National Institute of Open Schooling, and infrastructure development under the Pradhan Mantri Jan Vikas Karyakram. Additionally, it facilitates financial inclusion by linking beneficiaries with loan programs offered by the National Minorities Development & Finance Corporation (NMDFC).

Currently, the Ministry is in the process of reviewing and shortlisting project proposals under the scheme. Collaboration with various Central Government Ministries, Departments, and State/UT governments is underway to identify suitable agencies for implementation. Efforts are also being made to enhance awareness about the scheme through platforms such as Hunar Haat, Lok Samvardhan Parv, and various print and social media channels.

By integrating skill development, entrepreneurship, education, and infrastructure support, PM VIKAS aims to create sustainable opportunities for minority communities, fostering socio-economic growth and financial empowerment.

News source: PIB

Related Stories

Minority Affairs Minister to Launch PM VIKAS Project via DGSMC

This initiative reflects the Government of India’s ongoing efforts to promote inclusive economic growth through skill de..

PM VIKAS Scheme Focuses on Upliftment of Minority Communities

The scheme also provisions to facilitate credit linkages by connecting beneficiaries with loan programmes

PM VIKAS Scheme Focuses on Empowering Minority Communities

The scheme contribute to employment generation and social empowerment.