' ₹3 lakhs loan without any guarantee', 'low interest rate': Narendra Modi launches 'PM Vishwakarma' scheme
₹13,000 crores on the 'PM Vishwakarma' scheme, said Prime Minister Narendra Modi on 17 September at the launch of the scheme, calling this a ray of hope for artists and craftspersons. Addressing the gathering at the launch of the scheme, PM Modi said, "Today, it is the need of the hour to recognise our Vishwakarma partners and support them in every possible way.
Our government is working for the development of our Vishwakarma partners." He added, "Under this scheme, Vishwakarma partners working under 18 different sectors will be focussed...The government is going to spend ₹13,000 crores on the 'PM Vishwakarma' scheme..." ALSO READ: PM Modi launches Vishwakarma scheme; All you need to know Extending the wishes to the people of the country on the occasion of Vishwakarma Jayanti, PM Modi said that the 'PM Vishwakarma' scheme has been launched today which will emerge as a ray of hope for artists and craftspersons. As per details, under the 'PM Vishwakarma' scheme, the government has focussed on providing special training to the Vishwakarma partners and ₹500 will be provided while the training is underway.
"You will also get a Toolkit voucher worth ₹1,500. Govt will also help you in branding, packaging, and marketing the products you make.
In return, the Govt wants you to purchase Toolkits from shops that are GST registered only," said PM Modi. Among other things, PM Modi also mentioned that the government will provide up to ₹3 lakhs loan without any (bank) guarantee under this scheme, ensuring the interest rate is also very low.
"Govt has decided that ₹1 lakh loan will be given in the beginning and when it is repaid, govt will provide additional ₹2 lakhs loan to the Vishwakarma partners," he said. PM Modi also spoke on the
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