Karnataka Vishwakarma Communities Development Corporation Limited

Government of Karnataka

GOK > KVCDCL > English > Introduction
Last modified at 19/01/2018 17:06 by System Account

​​​​Introduction​

Karnataka Vishwakarma Communities Development Corporation Ltd( KVCDC)

In order to improve the economic Status of  backward Classes, Various schemes are  sponsored by the  state Government and the  National Backward Classes Finance and Development Corporation (NBCFDC),These schemes are implemented in the State by Karnataka VishwakarmaCommunities Development Corporation (KVCDC). A brief note and  Progress of Schemes being implemented by the Corporation during the last two  years is given  below.

Details of the Schemes

1.To provide financial assistance to traditional artisans (Panchavrutthi):

    To Purchase modern tools and equipments  and upgrade the Technological skill, the traditional artisans of Vishwakarma Communities are provided with financial assistance by sanctioning loan to the extent of Rs.40,000/- & Rs.10,000/- as subsidy at the rate of 4% per annum. The loan is repayable in 34 equal installments with 2 months grace period for 3 years. The Panchavrutthi scheme includes the following occupations (1) Gold& Silver work, (2) Sculpture, (3) Blacksmith, (4) Woodwork& Handicrafts, (5) metallurgy

Panchavrutthi  Scheme  Progress   Details:-

                                                                                                                                                                    (In Lakhs)

yearTargetAchievementPercentage
 FinPhyFinPhyFinPhy
2014-15530215.00445170.7984%79%
2015-20161,600650.001722680.17108%105%
2016-2017.2100840.002248900.2107%107%

2017-2018.

( Up to November End.)

8 00.00658.00658387.0082%59%

 

2.Self-employment scheme (Direct loan):

Under this scheme, persons belonging to Vishwakarma communities who pursue occupations other than traditional occupations are being  provided financial assistance to the extent of Rs.40,000/- & 30% subsidy with a maximum of Rs.10,000/- at the rate of 4% per annum. The loan is repayable in 34 equal installments with 2 months grace period for 3 years.

 Self-employment Scheme Progress   Details:-                                                                                                   (In Lakhs)

yearTargetAchievementPercentage
 PhyFinPhyFinPhyFin
2014-1510040.009434.9994%87%
2015-2016300120.00377143.08124%117%
2016-2017.500200635254.5127%127%

2017-2018.

( Up to November End.)

600300.00330150.0055%50%


3.Self-employment scheme with the help of banks:

Persons belonging to Vishwakarma communities pursuing business, industries service sector and agricultural based activities are provided financial assistance to the extent of Rs.5,00,000/- as loan. For the unit cost of Rs.1,00,000/- 30% subsidy to the maximum of Rs.10,000/- and 20% as margin loan Provided. For the unit cost of Rs.1,00,000/- to a maximum of Rs.5,00,000/- a 20% of margin loanor a maximum of Rs.1,00,000/- margin loan is sanctioned at the rate 4% per annum  interest.

 Self-employment    Scheme  Progress   Details:-

                                                                                                                                                                    (In Lakhs)

yearTargetAchievementPercentage
 PhyFinPhyFinPhyFin
2014-1520060.0010128.6350%48%
2015-2016362145.0033495.3592%66%
2016-2017.25010019358.2877%58%

2017-2018.

( Up to November End.)

10050.003212.0032%24%

​4. Educational loan (Arivu):

Students belonging to Vishwakarma communities who are pursuing Engineering, Medicine, Dental Science and other professional courses through CET are provided educational loan at 2% rate of interest per annum for a maximum of Rs.1,00,000/- per year. The family income should not exceed Rs.3.5 lakhs per annum. Under this scheme repayment starts after 4 months of the completion of course which is repayable in 36 equal installments within a period of 3 years.

Educational loan (Arivu)Scheme  Progress   Details

                                                                                                                                                                    (In Lakhs)

yearTargetAchievementPercentage
 PhyFinPhyFinPhyFin
2014-1510050.006634.7366%69.46%
2015-2016300150.00232146.2176%98%
2016-2017.

300

400

150

200

184

193

150.67

115.08

61%

48%

100.44%

57.54%

700350

2017-2018.

( Up to November End.)

300

115

150.00

65.00

15

199

10.00

131.00

5%

173%

 

67%

202%

415210

 

5.Gangakalyana scheme (Drilling of Bore well to marginal and small farmers):

Karnataka Vishwakarma Communities Development Corporation facilitates small and marginal farmer by providing bore well to help them improve their agricultural activities.Rs.2,00,000/- subsidy and a loan of Rs.50,000/- at 4% rate of interest per annum payable in 3 years is Provided  Rs 50,000 Subsidy is also provided for the energization to the borewells which is paid to the Electricity Supply Companies.

Gangakalyana scheme Progress   Details

                                                                                                                                                                   (In Lakhs)

yearTargetAchievementPercentage
 PhyFinPhyFinPhyFin
2014-20153060.002244.0073.33%73.33%
2015-2016180360.00----
2016-2017.20541020070.0098%17%

2017-2018.

( Up to November End.)

185400.0097163.0052%41%

·        For the year 2015-16, the Drilling of Bore well is in Process.

·        For the year 2016-17, the approval of the beneficiaries' is in Process.

       For the economic upliftment of the Backward classes  the Government of India has established the National Backward Classes Finance and  Development Corporation (NBCFDC) This Corporation is also  providing funds to the  State Corporation  with 4 to 6% rate of interest to Provide loan to Vishwakarma Comumities. The Corporation  is  implementing Several Schemes such as  Term  loan Scheme, Mahila Samrudhi, Education loan, Micro Finance Scheme, Krushi Sampada, Shilpa Sampada, New Swarnima for Wonmen etc.

           During the year 2015-16, an amount of Rs.500.00 Lakhs was released and a sum of Rs 500.00 Lakhs is allocated for the year 2016-17.The amount will beutilized to sanction  loan  for the Vishwakarma Communities.

 

 







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