Finance Minister Nirmala Sitharaman said that the scheme launched by Prime Minister Narendra Modi on Sunday Vishwakarma Scheme Under this, the government will give subsidy up to eight percent on the loans given to artisans. At the event organized to launch the scheme, he said that the government has already made a provision of Rs 13,000 crore in the budget for 2023-24.
Artisans will be given collateral-free loans at affordable interest rates of five percent.
Elaborating on the Vishwakarma scheme, Finance Minister Nirmala Sitharaman said that artisans will be provided collateral-free loans at a very affordable interest rate of five percent. He said that this scheme includes 18 sectors related to carpenters, goldsmiths, blacksmiths, masons, stone sculptors, barbers and sailors. Under this, the government will give loan up to Rs 3 lakh.
Artisans will be given a loan of Rs 1 lakh initially
Finance Minister Nirmala Sitharaman It said that initially a loan of Rs 1 lakh will be given and after repayment for 18 months, the beneficiary will be eligible for an additional Rs 2 lakh.
Apart from financial assistance, these facilities will also be available under Vishwakarma Scheme.
The components of the scheme will include not only financial assistance but also advanced skills training, knowledge of modern digital technology and efficient green technologies, brand promotion, connectivity with local and global markets, digital payments and social security.
Each beneficiary will be given skill training for five days along with a daily allowance of Rs 500.
The Finance Minister said that each beneficiary will be given skill training for five days along with a daily allowance of Rs 500. Each beneficiary will be identified in a three-tier manner.
A grant of Rs 15,000 will be given as toolkit incentive
The Finance Minister said that apart from this, a grant of Rs 15,000 will be given as toolkit incentive. For digital transactions, an incentive of Re 1 per transaction will be provided for up to 100 transactions in a month. This will greatly benefit the Scheduled Castes, Scheduled Tribes, Other Backward Classes (OBC), women and weaker sections.
Prime Minister said on the launch of ‘PM Vishwakarma’ scheme, giving a life of dignity to everyone is ‘Modi’s guarantee’
Prime Minister Narendra Modi launched the ‘PM Vishwakarma’ scheme on Sunday on the occasion of Vishwakarma Jayanti and under this, mentioning the provision of loans up to Rs 3 lakh to artisans and craftsmen, he said that to give a life of dignity to everyone and Providing facilities is Modi’s guarantee. Here at the newly built India International Convention and Expo Center ‘Yashobhoomi’, the Prime Minister addressed the artisans and craftsmen from across the country as ‘Vishwakarma’ and said that just as the spine plays a role in the body, similarly ‘Vishwakarma’ plays a vital role in the lives of people and society. It plays a very important role. He said, it is difficult to imagine everyday life without them. This scheme is a ray of hope for lakhs of artisans and craftsmen who work with hands and tools.
Even in the era of ‘fridge’, people like to drink water from jug.
The Prime Minister said that be it a blacksmith or a tailor or any other artisan, their importance is never going to end. No matter how far the world progresses and where technology reaches, their role will always remain important because even in the age of ‘fridge’ people like to drink water from a jug. He said, therefore, the need of the hour is to recognize these Vishwakarma companions and support them in every way. Our government has come as an ally to our Vishwakarma brothers and sisters to increase their respect, power and prosperity.
Government will now spend Rs 13,000 crore on ‘PM Vishwakarma’ scheme
Under this scheme, special attention has been given to artisans and craftsmen working in 18 different sectors. The government is going to spend Rs 13,000 crore on ‘PM Vishwakarma’ scheme. Modi said, when the bank does not ask for guarantee from you. So Modi gives your guarantee. You will get a loan up to Rs 3 lakh without asking for any guarantee and it has also been ensured that the interest on this loan remains very low.