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PM MODI GIFTS RS 13,000-CRORE 'VISHWAKARMA' SCHEME TO NATION
The Daily Guardian
|September 18, 2023
The scheme offers collateral-free enterprise development loans of Rs 1 lakh
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Prime Minister Narendra Modi on Sunday launched the ‘PM Vishwakarma’ scheme on the occasion of ‘Vishwakarma Jayanti’, under which traditional craftsmen and artisans will be provided loan assistance at a minimal interest rate without the need for collateral at the India International Convention and Expo Centre, Dwarka here on Sunday.
With a financial outlay of Rs 13,000 crore for a period of five years, the scheme will benefit about 30 lakh families of traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and barbers.
The goal of the scheme is to enhance the accessibility and quality of products and services offered by traditional artisans and craftsmen.
The scheme offers collateral-free enterprise development loans of Rs 1 lakh (first tranche for 18 months repayment) and Rs 2 lakh(second tranche for 30 months repayment).
This story is from the September 18, 2023 edition of The Daily Guardian.
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