New Delhi, 17/9: 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.
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 .
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