The government is coming up with a new scheme for the artists and artisans of the society. The Prime Minister (PM Modi) has already announced this PM Vishwakarma Yojana. According to this new scheme, the Modi government (Narendra Modi) will announce a loan of Rs 2 lakh along with giving Rs 15,000 to the artists.

When and where will the scheme be launched

The central government is coming up with a new scheme to encourage artists and artisans. The Pradhan Mantri Vishwakarma Yojana will be launched on September 17. Prime Minister Narendra Modi (PM Vishwakarma Yojana) will launch this project at the India International Convention and Expo Center in Dwarka.

What benefits will be available in this scheme

The following benefits will be provided to all artists and artisans under the PM Vishwakarma Yojana:

  1. In the first phase, a loan of up to Rs 1,00,000 – interest at 5 percent.
  2. In the second phase, a loan of up to Rs 2,00,000 will be given. The government will pay an interest at 5 percent.
  3. Skill training will also be provided.
  4. 500 Rs per day will be given as a scholarship during the training.
  5. 15,000 Rs will be given to the artists to purchase the advance tool kit.
  6. Pradhan Mantri Vishwakarma Certificate and identity card will also be given.
  7. The loan tenure for the 1st phase is 18 months.
  8. The loan tenure for the 2nd phase is 30 months.
  9. In case of refund, the government will give an incentive of 1 rs for every digital transaction.

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Who will benefit from this?

Under this scheme of the central government,

  1. fish net makers.
  2. Tailors.
  3. Laundrymen.
  4. Garland makers.
  5. Barbers.
  6. Doll and toy makers (traditional)
  7. Basket/mat makers
  8. Masons
  9. Cobblers (leathermakers)/ shoemakers.
  10. Sculptors (sculptors, stone carvers),
  11. Coppersmiths.
  12. Goldsmiths.
  13. Hammer and tool kit makers.
  14. Blacksmiths.
  15. Boat builders.
  16. Carpenters

How will you get financial assistance?

Under the Pradhan Mantri Vishwakarma Yojana, a loan of up to Rs 1 lakh will be provided in the first phase. Its interest rate will be maximum 5 percent. After this, in the second phase, a subsidy of Rs 2 lakh will be given to each of the eligible workers. Apart from this, these artisans and craftsmen will also be given Pradhan Mantri Vishwakarma certificates and identity cards. Assistance of Rs 15,000 will also be provided for the purchase of modern equipment.

Conditions for availing the benefits

The government has approved Rs 13,000 crore for a period of five years (FY24-28) under this scheme for the workers. The minimum age for this scheme is 18 years. Only one member of the family will get the benefit of this scheme. Applicants will also have to fill a self-declaration form.