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Context: The Prime Minister recently launched the Central Sector Scheme “PM Vishwakarma Scheme” to provide collateral-free loans and skills training to 18 categories of traditional artisans and craftspersons. The scheme has a total outlay of Rs 13,000 crore over five years, spanning until 2027-28.
Key highlights of the scheme
Conclusion
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PM VISHWAKARMA: https://www.iasgyan.in/daily-current-affairs/pm-vishwakarma
FEATURES ON PM VISHWAKARMA: https://www.iasgyan.in/daily-current-affairs/features-on-pm-vishwakarma
PRACTICE QUESTION Q. Consider the following statements in the context of the PM Vishwakarma Scheme: 1. It is a Centrally Sponsored Scheme. 2. The Ministry of Micro, Small & Medium Enterprise is the nodal ministry of the PM Vishwakarma Yojana. 3. Artisans will receive a voucher of Rs 30,000 to purchase necessary tools for their craft. 4. Artisans can avail themselves of an interest-free loan of Rs 5 lakh. How many of the above statement is/are incorrect? A) Only one B) Only two C) Only three D) All four Answer: C Explanation: Key highlights of the PM Vishwakarma Scheme: ●The Prime Minister recently launched the Central Sector Scheme “PM Vishwakarma Scheme” to provide collateral-free loans and skills training to 18 categories of traditional artisans and craftspersons. ●The Scheme is designed to support traditional artisans and craftsmen by offering them financial assistance, skills training, and toolkits to enhance their craft and livelihoods. ●The Ministry of Micro, Small & Medium Enterprise is the nodal ministry of the PM Vishwakarma Yojana. ●Artisans will receive a voucher of Rs 15,000 to purchase necessary tools for their craft. ●Artisans can avail themselves of an interest-free loan of Rs 1 lakh, repayable within 18 months. Upon repayment, they qualify for a second loan of Rs 2 lakh at an interest rate of 5 percent. |
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