Sarkari Yojana
Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayata Yojana (VISVAS) for Self-Help Groups
About Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayata Yojana (VISVAS) for Self-Help Groups
The Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayata (VISVAS) Yojana is an interest subvention scheme run by the Ministry of Social Justice and Empowerment, Government of India. It gives eligible Self-Help Groups (SHGs) made up of Scheduled Castes (SCs), Other Backward Classes (OBCs), and Safai Karamcharis — including identified Manual Scavengers, Waste Pickers, and their dependents — an interest subvention on their loans. Loans from Public Sector Banks (PSBs), Regional Rural Banks (RRBs), Private Sector Banks, Small Finance Banks, and other financial institutions are covered.
Scheme Overview
Central Government
Ministry Of Social Justice and Empowerment
National Backward Classes Finance & Development Corporation (NBCFDC)
Individual
Scheme Details
Eligibility Requirements
To qualify for Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayata Yojana (VISVAS) for Self-Help Groups, applicants must satisfy the following conditions:
At least 70% of the SHG's members must…
At least 70% of the SHG's members must belong to SCs, OBCs, or Safai Karamcharis (including identified Manual Scavengers, Waste Pickers, and their dependents).
The SHG must hold a standard loan account
The SHG must hold a standard loan account.
The SHG must not already be receiving interest…
The SHG must not already be receiving interest subvention on the same loan under any other scheme.
SC/OBC members' annual family income must generally not…
SC/OBC members' annual family income must generally not exceed ₹3,00,000/-. NOTE: There is no income ceiling for Safai Karamcharis, including identified Manual Scavengers, Waste Pickers, and their dependents.
Benefits Provided
Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayata Yojana (VISVAS) for Self-Help Groups provides the following benefits to eligible applicants:
Interest Subvention
Eligible loans carry an interest subvention of as…
Eligible loans carry an interest subvention of as much as 5% per annum. Loan Limits
Self-Help Groups (SHGs) can access loans or cash…
Self-Help Groups (SHGs) can access loans or cash credit limits of up to ₹10,00,000. Mode of Payment
The subvention amount is credited straight to the…
The subvention amount is credited straight to the beneficiary's bank account via Direct Benefit Transfer (DBT).
Documents Required
Applicants should keep the following documents ready before starting the application:
Aadhaar details of members (as applicable)
Aadhaar details of members (as applicable).
SHG Registration Certificate
SHG Registration Certificate.
A declaration confirming 70% eligible membership
A declaration confirming 70% eligible membership.
A declaration of members' annual family income
A declaration of members' annual family income.
Loan/Cash Credit Account details
Loan/Cash Credit Account details.
Bank account details of the SHG
Bank account details of the SHG.
Proof of a standard loan account
Proof of a standard loan account.
How to Apply
Offline Application
Applicants can apply for Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayata Yojana (VISVAS) for Self-Help Groups through the offline application process outlined below.
Applicants interested in the scheme download the application…
Applicants interested in the scheme download the application form (Annexure 1) from the official website.
They complete every mandatory field on the form…
They complete every mandatory field on the form and attach copies of all required documents, self-attested where necessary.
The completed and signed form, together with the…
The completed and signed form, together with the documents, is submitted to the lending institution.
The lending institution then uploads the beneficiary's details…
The lending institution then uploads the beneficiary's details onto the VISVAS Portal and files quarterly claims with the concerned implementing agency.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.