PM Vishwakarma Scheme Gets Union Cabinet's Approval, Modi Government To Provide Loans Up to Rs 1 Lakh With Maximum 5% Interest
Union Minister Ashwini Vaishnaw revealed that under this initiative, eligible individuals can avail loans of up to Rs 1 lakh with a maximum interest rate of 5%.
The Union Cabinet, led by Prime Minister Narendra Modi, has given its nod to the 'PM Vishwakarma' scheme, aimed at bolstering traditional artisans and craftspeople in both rural and urban areas across India. The scheme, boasting a substantial financial outlay of Rs. 13,000 crore, is set to benefit 18 sectors initially. Union Minister Ashwini Vaishnaw revealed that under this initiative, eligible individuals can avail loans of up to Rs 1 lakh with a maximum interest rate of 5 per cent. This move reflects the government's commitment to empowering and supporting those with traditional skills, providing them with liberal terms to enhance their livelihoods. PM Modi US Fan Video: Indian Prime Minister's Fan Flaunts 'NMODI' Car Number Plate in Maryland, Says 'Narendra Modi Is an Inspiration to Me'.
PM Vishwakarma' Scheme Approved, Loans Up to Rs 1 Lakh
The PM in Union Cabinet meeting today approved âPM Vishwakarmaâ 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
â ANI (@ANI) August 16, 2023
#Cabinet approves âPM Vishwakarmaâ scheme to support traditional artisans and craftspeople of rural and urban India
With financial outlay of Rs.13,000 crore, scheme will cover 18in the first instance under #Cabinetbriefings
â Rajesh Malhotra (@DG_PIB) August 16, 2023
(The above story first appeared on LatestLY on Aug 16, 2023 03:41 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
