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regular-article-logo Monday, 04 November 2024

Union Cabinet approves Rs 13,000 crore PM Vishwakarma scheme to help 30 lakh traditional artisans

Prime Minister Narendra Modi made the announcement about the project in his Independence Day address

PTI New Delhi Published 16.08.23, 03:59 PM
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

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 File Picture

Union Cabinet on Wednesday 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.

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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 loans will be provided at a concessional interest rate of 5 per cent. On Tuesday, the prime minister announced that the scheme will be launched on Vishwakarma Jayanti on September 17.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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