govinfoadmin
On August 28, 2020, VISWAS yojana (Vanchit Ikai Samooh aur Vargo ke liye Arthik Sahayta yojana) was announced by K. Narayan, Chairman and Managing Director of National Scheduled Castes Finance and Development Corporation. The scheme will soon be launched by the central government. It will be implemented by the Union Ministry of Social Justice and Empowerment. This scheme is mainly for the economically backward/ underprivileged category people who have taken bank loans. It aims at providing 5% subsidy per annum through direct cash transfer.
Scheme Overview:
| Scheme name: | VISHWAS (Vanchit Ikai Samooh aur Vargo ke liye Arthik Yojana) |
| Scheme Under: | Central Government |
| Announced by: | K. Narayan, Chairman and Managing Director of National Scheduled Castes Finance and Development Corporation |
| Implemented By: | Union Ministry of Social Justice and Empowerment |
| Beneficiaries: | Underprivileged sections who have take bank loans |
| Benefit: | 5 % subsidy through direct cash transfer |
| Major Objective: | To promote economic development and upliftment of the underprivileged/ economically backward sections |
Scheme Objectives and Benefits:
- The main objective of the scheme is to provide financial assistance to the economically backward/underprivileged section of the society.
- It aims at upliftment of the economically weaker sections who are under the burden of loans
- The process is aimed to be user friendly and the benefit will be directly provided to the beneficiary.
- It aims at providing immediate cash benefit.
- Overall economic growth and development and empowerment of deprived sections is aimed to be achieved in the long run.
Scheme lunched by Central Government
Eligibility:
- Must be a citizen of India
- Should belong to a minority/underprivileged section
- Subsidy will be available to only those who have availed bank loans
Documents Required:
- Aadhaar Card
- Bank Passbook
- Loan details
- Caste Certificate
- Passport size photo
How to Apply:
Application process will be either online through a dedicated portal/website or offline at banks. The detailed process will be announced soon.
Key Points:
- VISHWAS yojana is announced in a webinar hosted by business chamber Assocham by Mr. K. Narayan, Chairman and Managing Director of National Scheduled Castes Finance and Development Corporation.
- The scheme is about to be launched within next 15-30 days
- This is a central government scheme mainly to provide assistance to the minority/underprivileged/backward sections of the society who have taken bank loans
- 5% subsidy will be provided to the beneficiaries
- Bankers are urged to come ahead and support the scheme as it is to be launched soon
- Union Minister of Social Justice and Empowerment, Mr. Ramdas Athawale was also present in the webinar and was of opinion more youth should come forward and support the schemes, become a pert of cooperative sector, must avail the benefit of sill development training provided by the ministry.
- Government is trying to improve and empower the deprived/underprivileged/economically backward sections of the society though various measures and VISHWAS yojana is a leading step towards the same.
