Recently, the Khadi and Village Industries Commission (KVIC) launched the SPIN (Strengthening the Potential of India) scheme to make potters self-sustainable under SFURTI Scheme.
Context
Recently, the Khadi and Village Industries Commission (KVIC) launched the SPIN (Strengthening the Potential of India) scheme to make potters self-sustainable under SFURTI Scheme.
About SPIN scheme
- Under SPIN, KVIC will facilitate potters to get easy loans from banks that will help the potters to diversify their activities and enhance their income.
- It is aimed at sustainable development by creating local self-employment which is aligned with the Prime Minister’s commitment of “Job to Every Hand” (Har Hath Me Kaam).
- Under this scheme, there will be no financial burden on the exchequer and the loan will be repaid by the potter in easy installments.
- The SPIN scheme, thus, aims at infusing self-sustainability in the Indian pottery sector.
- KVIC facilitates potters to get bank loans under Pradhan Mantri Shishu Mudra Yojana.
- It will reduce their dependence on government subsidy and thus make potters self-reliant.
Khadi and Village Industries Commission
The Khadi and Village Industries Commission (KVIC) is a statutory body established by an Act of Parliament in 1956.
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Other related schemes
- Kumhar Sashaktikaran Yojana
- Terracotta Grinder
- Prime Minister’s Employment Generation Programme
Pradhan Mantri Shishu Mudra Yojana
Under the aegis of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products/ schemes. The interventions have been named 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to:
- Shishu : covering loans upto 50,000/-
- Kishor : covering loans above 50,000/- and upto 5 lakh
- Tarun : covering loans above 5 lakh and upto 10 lakh
