New Delhi: Indigenous art is all set to receive a boost in the country with the government on Thursday announcing financial assistance to tribal artists.

"The government has decided to offer financial assistance of up to Rs 50,000 for individual artisans and up to Rs five lakh for Self Help Groups. Through this we hope to propagate and popularize tribal art," Union Minister of Tribal Affairs Kanti Lal Bhuria told reporters.

An MoU in this regard was signed between two wings of the Tribal Ministry -- Tribal Cooperative Marketing Development Federation of India Ltd (TRIFED) and National Scheduled Tribes Finance and Development Corporation (NSTFDC).

While TRIFED engages in marketing development of tribal products, NSTFDC provides financial assistance to tribal for undertaking income generating activities and for procurement and marketing of minor forest produce.

"Our main aim for offering concessional financial assistance to tribal artists is to let them know that they are not ignored. The MoU singed on Thursday will synergize economic development of needy STs," said Bhuria.

Under the scheme, the interest chargeable for women artisans will be 4 per cent, while for men it will be 6 per cent, he said, adding TRIFED would also buy products from artists and market them through its outlets spread across the country.

A pilot project will first be implemented for weavers in Kinnaur district of Himachal Pradesh, after which it will be introduced throughout the country, said the Minister.

Besides Bhuria, Union Minister of State for Tribal Affairs Mahadeo Singh Khandela was also present on the occasion.