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PM Vishwakarma takes off with ₹13K crore for artisans
Mint Mumbai
|September 18, 2023
PM Modi launches scheme for collateral-free credit up to 3 lakh, incentives, upskilling
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Prime minister Narendra Modi on Sunday launched a ₹13,000 crore PM Vishwakarma scheme that aims to help artisans and craftsmen with collateral-free loans and other financial incentives and training for upskilling.
Under the scheme, artisans would get collateral-free credit of up to ₹3 lakh at a concessional interest rate of 5%.
They will be provided recognition through PM Vishwakarma certificates and ID cards, skill upgradation involving basic and advanced training, toolkit incentive of ₹15,000, collateral-free credit support (up to ₹1 lakh in the first tranche and ₹2 lakh in the second) at a concessional interest rate of 5%, incentives for digital transactions and marketing support.
Addressing artisans and the nation in the run-up to assembly elections are due in Rajasthan and Madhya Pradesh and the general elections next year, Modi on Sunday said the Bharatiya Janata Party (BJP)-led government is the “only government" to look after the deprived people of the country.
This story is from the September 18, 2023 edition of Mint Mumbai.
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