<h1 class="ql-align-center">SPIN Scheme</h1> <h2>Context:</h2> <ul><li>Recently, the&nbsp;Khadi and Village Industries Commission (KVIC)&nbsp;launched the&nbsp; (Strengthening the Potential of India) scheme&nbsp;to empower the marginalized potters’ community in Varanasi.</li></ul> <h2>About:</h2> <ul><li>SPIN aims to set up a pottery cluster under the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) Scheme&nbsp;in Varanasi.</li></ul> <ul><li>The focus of the scheme is on sustainable development by creating local self-employment, which is aligned with the Prime Minister’s commitment to “Job to Every Hand”&nbsp;(Har Hath Me Kaam)</li></ul> <ul><li>It will&nbsp;facilitate potters to get easy loans&nbsp;from banks that will help the potters to diversify their activities and enhance their income</li></ul> <ul><li>It will reduce their dependence on government subsidies and thus make potters self-reliant.</li></ul> <ul><li>Features of the scheme are:</li><li class="ql-indent-1">It is a no-subsidy program.</li><li class="ql-indent-1">KVIC facilitates potters to get bank loans under Pradhan Mantri Shishuu Mudra Yojana&nbsp;</li><li class="ql-indent-1">No financial burden on the exchequer.</li><li class="ql-indent-1">Beneficiaries can repay the loans in easy installments.</li></ul> <h2>Khadi and Village Industries Commission (KVIC):</h2> <ul><li>It is a&nbsp;statutory body&nbsp;established under the Khadi and Village Industries Commission Act, 1956.</li></ul> <ul><li>It functions under the Ministry of Micro, Small, and Medium Enterprises&nbsp;(MSME)</li></ul>