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Skills & Employment

Financial Assistance to Traditional Artisans (Panchavrutthi Scheme)

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.

Authority

State/ UT

Region

Karnataka

Status

Verified 2026

Updated

March 2026

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.

Who can apply

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.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Can I apply if I have availed a KVCDC loan in the past?

No, applicants who have previously availed a KVCDC loan are not eligible.

What is the Financial Assistance to Traditional Artisans (Panchavrutthi Scheme)?

It is a financial assistance scheme for traditional artisans of the Vishwakarma community in Karnataka.

Who can apply for this scheme?

Traditional artisans belonging to the Vishwakarma community in Karnataka, aged 18-55.

What financial assistance does the scheme provide?

Up to [?]80,000/- as a loan and [?]20,000/- as a subsidy.

What is the interest rate for the loan under this scheme?

The interest rate for the loan is 4% per annum.

What is the repayment period for the loan?

The loan is repayable in 34 equal installments over three years, with a grace period of 2 months.

What are the eligible occupations under this scheme?

Gold & Silver work, Sculpture, Blacksmith, Woodwork & Handicrafts, and Metallurgy.

Can I use the loan for purposes other than tool purchase and skill upgrading?

No, the loan must be used specifically for purchasing modern tools and upgrading skills.

What happens if I fail to repay the loan on time?

Penalties may be applied, and legal action can be taken against defaulters.

What documents are required to apply?

Aadhaar card, caste and income certificate, bank passbook, photographs, and self-declaration form.