PM Modi visit USA
Only the mirror in my washroom and phone gallery see the crazy me : Sara Khan
Karnataka rain fury: Photos of flooded streets, uprooted trees
Cannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfit
Ranbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A Kiss
Oscars 2022: Every Academy Award Winner
Shane Warne (1969-2022): Australian cricket legend's life in pictures
Photos: What Russia's invasion of Ukraine looks like on the ground
Lata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'
PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Freya Deshmane riding on Reinroe Adare Acrobat claimed the top spot and clinched the gold
- Salah sets Premier League record in Liverpool's draw at Newcastle
- India Open Competition in Shotgun begins in Jaipur, paving way for Nationals' qualification
- Hockey India names Amir Ali-led 20-man team for Junior Asia Cup
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
Rs 1,751 crore loans sanctioned to poor artisans under PM Vishwakarma scheme Last Updated : 11 Dec 2024 01:33:22 PM IST 
Rs 1,751 crore loans sanctioned to poor artisans under PM Vishwakarma scheme Banks have sanctioned loans to the tune of Rs 1,751 crore to poor artisans such as blacksmiths, masons, potters, carpenters and tailors under the PM Vishwakarma scheme as of October 31, the Parliament was informed.
Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha that the government has taken various measures to overcome the challenges faced by borrowers, particularly in rural areas and to facilitate easy flow of credit to cater to their needs.
According to figures provided by the minister, over 2.02 lakh accounts have been opened under the PM Vishwakarma scheme with a total sanctioned loan amount of Rs 1,751.20 crore.
The government launched PM Vishwakarma on September 17, 2023, to provide end-to-end support to artisans and craftspeople who work with their hands and tools. These traditional artisans and craftspeople are referred to as 'Vishwakarmas'. The financial outlay for the scheme from FY 2023-2024 to FY 2027-28 is Rs 13,000 crore.
According to data compiled by the National Skill Development Corporation (NSDC), the PM Vishwakarma Scheme has made considerable headway with 2.58 crore applications submitted so far, of which 23.75 lakh applicants have been successfully registered for receiving benefits under the scheme after the three-stage verification process.
Close to 10 lakh people have received toolkit incentives of up to Rs 15,000 through e-vouchers under the scheme to buy modern tools suitable for their occupation.
The loans extended to the artisans carry a 5 per cent interest rate, subsidised by the government. Interest Subvention: The Government of India provides 8 per cent interest subvention, effectively reducing the overall loan cost. The loan can be repaid over 18 months for the first tranche and 30 months for the second tranche.
The PM Vishwakarma Scheme covers artisans and craftspeople of 18 trades who work with their hands and tools. The objective of the scheme is to help traditional artisans and craftspeople to become entrepreneurs and self-reliant.
Formal training in the form of Basic Skill Training has been initiated for the upgradation and modernisation of traditional skills of artisans and craftspeople under the PM Vishwakarma Scheme across 26 States/UTs of the country.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
What binds the two most talked about nations - India and Pakistan together? What makes the
Kapil Sharma, the renowned stand-up comedian, television host, and actor, was honoured wit
LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte
172.31.16.186
