Picture : Twitter/ ANI
Union Cabinet has approved a Rs 13,000 crore PM Vishwakarma scheme that will benefit about 30 lakh traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and barbers.
Prime Minister Narendra Modi made the announcement about the scheme in his Independence Day address on Tuesday.
Under the scheme, craftsmen will be provided a subsidised loan of Rs 1 lakh in the first tranche, and another Rs 2 lakh in the second tranche, communications minister Ashwini Vaishnaw said after the Cabinet meeting.
The PM in Union Cabinet meeting today approved ‘PM Vishwakarma’ scheme to support people with traditional skills. Under this scheme, loans up to Rs 1 lakh will be provided on liberal terms: Union Minister Ashwini Vaishnaw pic.twitter.com/CcDkV5slX1
— ANI (@ANI) August 16, 2023
The loans will be provided at a concessional interest rate of 5 per cent. Earlier The prime minister Narendra Modi announced that the scheme will be launched on Vishwakarma Jayanti on September.
