On the occasion of Vishwakarma Jayanti, Prime Minister Narendra Modi on Sunday launched the PM-Vishwakarma scheme, an initiative intended to extend a helping hand to artisans and craftsmen and those engaged in traditional skills.
Ahead of the launch of the PM-Vishwakarma scheme, PM Modi also interacted with Vishwakarma partners at the India International Convention and Expo Centre and appreciated their artefacts.
The prime minister at the launch of the scheme said, “Under the PM Vishwakarma scheme, the government will provide up to Rs 3 lakhs loan without any (bank) guarantee.”
What is the PM-Vishwakarma Scheme
Launched with an aim to provide recognition and holistic support to the traditional artisans and craftsmen working with their hands and elementary tools, the PM-Vishwakarma scheme will provide up to Rs 3 lakhs loan without any (bank) guarantee to all such artisans.
The scheme also ensures that the interest rate for the loans provided under this scheme is also very low. The government has decided that Rs 1 lakh loan will be given in the beginning and when it is repaid, the government will provide an additional Rs 2 lakh loan to the Vishwakarma partners.
Under this scheme, the artisans and craftspeople will also be offered training and a daily stipend of around Rs 500 along with free application as well as ID cards and certificates.
This way, the Centre aspires to improve the quality, scale and reach of the products created by Vishwakarma partners and also to integrate them with MSME value chains.
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