PM Vishwakarma Yojna
A 13,000 crore PM Vishwakarma scheme, which will help nearly 30 lakh traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and barbers, was approved by the Union Cabinet today.
The PM approved the ‘PM Vishwakarma’ scheme to encourage those with traditional talents during today’s Union Cabinet meeting. According to this program, lenient terms will be applied to loans up to one lakh rupees, according to Union Minister Ashwini Vaishnaw.
Ashwini Vaishnaw, the minister of communications, announced the program at the Cabinet meeting. Craftsmen would be given a subsidized loan of Rs. 1 lakh in the first tranche and Rs. 2 lahks in the second tranche under the program. The loans will be offered at a discounted interest rate of 5%.
The PM Vishwakarma scheme offers recognition to artisans and crafters through the PM Vishwakarma certificate and ID card, as well as credit support up to Rs. 1 lakh (First Tranche) and Rs. 2 lacks (Second Tranche) at a 5% concessionary interest rate. The Scheme would also offer marketing assistance, toolkit incentives, skill upgradation, and incentives for digital transactions.
The scheme aims to strengthen and nurture the Guru-Shishya parampara, or family-based practice, of traditional skills by artisans and craftspeople working with their hands and tools. The scheme also aims at improving the quality as well as the reach of the products and services of artisans and craftspeople and ensuring that Vishwakarma is integrated with the domestic and global value chains.
Also read: To Counteract Gender Stereotypes In The Legal Profession, The Supreme Court Launched a Handbook
The program would offer assistance to Indian artisans and crafters in both urban and rural locations. Under PM Vishwakarma, eighteen traditional trades would be covered initially. These professions include (i) Carpenter (Suthar); (ii) Boat Maker; (iii) Armourer; (iv) Blacksmith (Lohar); (v) Hammer and Tool Kit Maker; (vi) Locksmith; (vii) Goldsmith (Sonar); (viii) Potter (Kumhaar); (ix) Sculptor (Moortikar, stone carver); (ixi) Doll and Toy Maker (Traditional); (x) Cobbler
The Supreme Court sought responses from the Centre and Uttarakhand on a petition challenging the…
The Supreme Court upheld Medha Patkar’s defamation conviction in a case filed by Delhi’s Lieutenant…
The Supreme Court will hear challenges to Waqf Act amendments limiting the Board’s authority over…
The Supreme Court has transferred a plea seeking an inquiry into Bihar’s frequent bridge collapses…
The second phase of budget session is underway in Parliament, and amidst ongoing protests, the…
Cutting sugar from your diet for 30 days can lead to noticeable improvements in your…