Govt calls meeting of states, bank officials for implementation of ‘PM Vishwakarma’

- Advertisement -

The Central government has called a meeting of senior officials from states, public sector banks and State Level Bankers Committee (SLBC) on Monday, to discuss the implementation of newly launched ‘PM Vishwakarma‘ scheme PTI reported citing government sources.

“The Skill Ministry has called a meeting on August 28, in which principal secretaries of states, managing directors of banks, and SLBC representatives have been invited” an official said on condition  of anonymity.

“The meeting will discuss the roadmap for implementation of the scheme and process of identification of beneficiaries of PM Vishwakarma scheme,” the official added.

- Advertisement -

The scheme is to be implemented by three ministries — MSME, Skill Development and Finance and has a target of as much as 3 lakh beneficiaries enrolled in the current fiscal, the official said.

Under the scheme, the skilled workmen will be given training for 4-5 days to upgrade their skill, following which they will become eligible for loan. The main thrust of the scheme will be on rural areas, where village-level and district-level committees will identify the beneficiaries.

In urban India, municipal corporations will identify the beneficiaries. A final decision on enrolment will be taken by the MSME ministry, the official said.

- Advertisement -

Prime Minister Narendra Modi made the announcement about the scheme in his Independence Day address on August 15, 2023. The Union Cabinet on August 16, approved the central sector scheme “PM Vishwakarma” with a financial outlay of ₹13,000 crore for a period of five years (2023-24 to 2027-28).

What is PM Vishwakarma scheme?

Under PM Vishwakarma scheme, the artisans and craftspeople will be provided recognition through PM Vishwakarma certificate and ID card, Credit Support up to ₹1 lakh (First Tranche) and ₹2 lakh (Second Tranche) with a concessional interest rate of 5%.

The scheme will provide support to artisans and craftspeople of rural and urban areas across India. As many as 18 traditional trades will be covered in the first instance under PM Vishwakarma.

- Advertisement -

The trades include in the PM Vishwakarma  scheme are: carpenter, boat maker, armourer, blacksmith, hammer and tool kit maker, locksmith, goldsmith, potter, sculptor, stone breaker, cobbler/ shoesmith/footwear artisan, mason, basket/mat/broom maker/coir weaver, doll & toy maker, barber, garland maker, washerman, tailor, and fishing net maker.

- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Govt launches internship scheme for youth, Rs.5000 will be given monthly to Youth

Govt launches internship scheme for youth, Rs.5000 will be given monthly to Youth

Good news for Employees! Govt announced to review NPS and make changes in pension scheme

Good news for Employees! Govt announced to review NPS and make changes in pension scheme

Budget 2024: PSU banks will develop in-house capabilities for credit assessment of MSMEs

PSU banks will develop in-house capabilities for credit assessment of MSMEs

Budget 2024: Mudra Loan Limit increased to Rs.20 Lakh

Budget 2024: Mudra Loan Limit increased to Rs.20 Lakh

Income Tax Rate changed, Check new Income Tax Slab in 2024

Income Tax Rate changes, Check new Income Tax Slab

Rs.25 crore Fraud in SBI: CBI Books Private Firm and Directors for Cheating SBI of Rs 25.62 Crore

Rs.25 crore Fraud in SBI: CBI Books Private Firm and Directors for Cheating SBI of Rs 25.62 Crore

Video: SBI Bank Employees beaten by Customers inside branch due to Loan Dispute

SBI Bank Employees beaten by Customers inside branch due to Loan Dispute

Latest News