About the Scheme

1. Pradhan Mantri Janjatiya Vikas Mission (PMJVM)

The scheme has been formulated with the merger of the two earlier schemes for promotion of tribal livelihood, i.e., “Mechanism for Marketing of Minor Forest Produce (MFP) through “Minimum Support Price (MSP) and Development of Value Chain for MFP” and “Institutional Support for Development and Marketing of Tribal Products/Produce”.

In the next five years, from 2021-22 to 2025-26, the PMJVM has the vision to strengthen tribal entrepreneurship initiatives and to facilitate livelihood opportunities by promoting more efficient, equitable, self-managed, optimum use of natural resources, MFP/farm & non-farm, tribal product-based enterprises promoted under the scheme. TRIFED is the nodal implementing agency for the scheme.

2. Equity Support to National / State Scheduled Tribes Finance and Development Corporation (NSTFDC / STFDCs)

Under the scheme, the Ministry releases funds in the form of Equity Share Capital assistance to NSTFDC/STFDCs which is deployed for the purpose of giving concessional loans to eligible members of Scheduled Tribes.

NSTFDC provides concessional loans through the State Channelising Agencies nominated by the respective State Government, certain Public Sector/ Co-op. Banks, Regional Rural Banks having refinance agreement with NSTFDC and National Cooperative Development Corporation (NCDC), Stree Nidhi Credit Cooperative Federation Ltd., North Eastern Development Finance Corporation Ltd. (NEDFi), NABKISAN Finance Ltd. (Subsidiary of NABARD) etc.

3. Venture Capital Fund for Scheduled Tribes (VCF-STs)

The scheme has been approved during 2021-22 and aims to promote entrepreneurship among the Scheduled Tribes and to provide concessional finance to them. The VCF-ST scheme would be a social sector initiative to promote ST entrepreneurship and to support and incubate the start-up ideas by ST youth. The scheme would be managed by IFCI VCF Ltd.