+
Government Implements Schemes for Socio-Economic Empowerment of Minorities
ECONOMY & POLICY

Government Implements Schemes for Socio-Economic Empowerment of Minorities

The Ministry of Minority Affairs is actively implementing various schemes and programmes across India to uplift and empower economically weaker sections of minority communities. These initiatives focus on education, skill development, entrepreneurship, and financial support, ensuring inclusive growth and socio-economic advancement.

Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) The Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme is a flagship initiative of the Ministry that merges five previous schemes:

Seekho Aur Kamao (Skill Development) Nai Manzil (Educational Support for School Dropouts) USTTAD (Preservation of Traditional Art and Craft) Nai Roshni (Women Leadership Development) Hamari Dharohar (Cultural Heritage Promotion) The PM VIKAS scheme is designed to provide:

Skill training and vocational education Women leadership and entrepreneurship development Support for school dropouts to continue education Market and credit linkages for beneficiaries National Minorities Development and Finance Corporation (NMDFC) The NMDFC plays a vital role in the economic empowerment of minority communities by offering concessional loans for self-employment and income-generating activities. The schemes implemented by NMDFC include:

Term Loan Scheme Microfinance Scheme Education Loan Scheme Virasat Scheme (Financial support for traditional artisans and craftspeople) These schemes are executed through State Channelizing Agencies (SCAs), Punjab Gramin Bank, and Canara Bank, ensuring easy access to financial assistance.

Impact and Reach of NMDFC Initiatives Since its inception in 1994-95, NMDFC has disbursed Rs 948 billion as of February 28, 2025, benefiting approximately 25.49 lakh individuals from minority communities. Notably, around 89.68% of the beneficiaries are women, including Muslim women, highlighting a significant step towards women’s economic empowerment.

Union Minister of Minority & Parliamentary Affairs, Shri Kiren Rijiju, presented these updates in a written reply in the Rajya Sabha, reaffirming the government’s commitment to inclusive growth and equal opportunities for all.

The Ministry of Minority Affairs is actively implementing various schemes and programmes across India to uplift and empower economically weaker sections of minority communities. These initiatives focus on education, skill development, entrepreneurship, and financial support, ensuring inclusive growth and socio-economic advancement. Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) The Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme is a flagship initiative of the Ministry that merges five previous schemes: Seekho Aur Kamao (Skill Development) Nai Manzil (Educational Support for School Dropouts) USTTAD (Preservation of Traditional Art and Craft) Nai Roshni (Women Leadership Development) Hamari Dharohar (Cultural Heritage Promotion) The PM VIKAS scheme is designed to provide: Skill training and vocational education Women leadership and entrepreneurship development Support for school dropouts to continue education Market and credit linkages for beneficiaries National Minorities Development and Finance Corporation (NMDFC) The NMDFC plays a vital role in the economic empowerment of minority communities by offering concessional loans for self-employment and income-generating activities. The schemes implemented by NMDFC include: Term Loan Scheme Microfinance Scheme Education Loan Scheme Virasat Scheme (Financial support for traditional artisans and craftspeople) These schemes are executed through State Channelizing Agencies (SCAs), Punjab Gramin Bank, and Canara Bank, ensuring easy access to financial assistance. Impact and Reach of NMDFC Initiatives Since its inception in 1994-95, NMDFC has disbursed Rs 948 billion as of February 28, 2025, benefiting approximately 25.49 lakh individuals from minority communities. Notably, around 89.68% of the beneficiaries are women, including Muslim women, highlighting a significant step towards women’s economic empowerment. Union Minister of Minority & Parliamentary Affairs, Shri Kiren Rijiju, presented these updates in a written reply in the Rajya Sabha, reaffirming the government’s commitment to inclusive growth and equal opportunities for all.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code