Vishwakarma Scheme: How it Benefits Traditional Artisans, Eligibility and Application Process Explained
News 18Prime Minister Narendra Modi on Sunday launched the ‘PM Vishwakarma’ scheme for the benefit of traditional artisans. During the launch of the Vishwakarma scheme, PM Modi said, “Under the PM Vishwakarma scheme, the government will provide up to Rs 3 lakhs loan without any guarantee. Features of the Vishwakarma scheme PM Vishwakarma’s scheme will provide support to artisans and craftspeople in rural and urban areas across India. They are: Carpenter Boat Maker Armourer Blacksmiths Hammer and Tool Kit Maker Locksmith Goldsmith Potters Sculptor Stone Breaker Cobbler Mason Basket/Mat/Broom Maker/Coir Weaver Doll and Toy Maker Barber Garland Maker Washerman Tailor Fishing Net Maker Process Explained The scheme will help the workers enhance the skills and help them avail loans easily to aid their earnings. The beneficiaries of the PM Vishwakarma Scheme will be given a toolkit incentive of Rs 15,000, collateral-free credit support up to Rs 1 lakh and Rs 2 lakh at a concessional interest rate of 5%, incentive for digital transactions and marketing support.