Cabinet approves ₹13,000-crore Vishwakarma Yojana; craftsmen to get subsidised loans up to ₹2 lakh: Ashwini Vaishnaw
Union Cabinet today approved a ₹13,000 crore PM Vishwakarma scheme that will benefit about 30 lakh traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and barbers.
Under the scheme, craftsmen will be provided a subsidised loan of ₹1 lakh in the first tranche, and another ₹2 lakh in the second tranche.
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The loans will be provided at a concessional interest rate of 5 per cent.