Approval of Vishwakarma Yojana, 13 thousand crores will be spent in 5 years, know the special features of the scheme

A day after Prime Minister Narendra Modi’s announcement, the Union Cabinet on Wednesday approved the PM Vishwakarma scheme. 13 thousand crore rupees will be spent under this scheme in five years. The objective of this scheme is to provide loans to skilled workers at cheap interest rates.

Prime Minister Modi announced the scheme on Tuesday, August 15. He was addressing the nation from Red Fort after unfurling the flag on the occasion of Independence Day. Along with this, PM Modi had said that on the occasion of Vishwakarma Yojani, Vishwakarma Yojana will be launched to promote the workers engaged in skilled work.

Money will be spent.

The Union Cabinet meeting was held on Wednesday, August 16, the day after Independence Day. The scheme was approved in a cabinet meeting chaired by PM Modi. Union Minister Ashwini Vishnu informed about the approval of the scheme after the meeting. He said that the Union Cabinet has approved the PM Vishwakarma Yojana, which will cost Rs 13,000 crore.

30 lakh artisans will be benefited.

He said that under PM Vishwakarma Yojana, Rs 13,000 crore will be spent in five years from FY 2023-24 to FY 2027-28. It will start from September 17 on the occasion of Vishwakarma Jayanti. This will benefit workers who are engaged in skilled work and where the guru-disciple tradition continues. The Minister said that this scheme will benefit 3 million traditional artisans.

These people will benefit.

Blacksmiths, potters, masons, washermen, florists, fish net makers, locksmiths, sculptors etc. are being counted among the potential artisans who will benefit from this scheme of the central government. Union Minister Vishnu said that these people play a very important role in the rural economy. That is why the central government has started this scheme keeping them in mind.

Skill development courses

The PM Vishwakarma Yojana will focus on how to develop more skills and educate traditional workers on new types of tools and designs. Under this scheme, traditional workers will also be helped in purchasing modern equipment. Under the scheme, two types of skill development courses – basic and advanced – will be conducted. Workers taking the course will be given a stipend by the government. The stipend will be Rs 500 per day.

This way you will get financial support.

In the first phase of the PM Vishwakarma Yojana, a loan of up to Rs 1 lakh will be given, with an interest rate of up to 5 percent. After that, in the second phase, eligible workers will get a subsidized loan of Rs 2 lakh. Under the PM Vishwakarma Yojana, artisans and craftsmen will also be given PM Vishwakarma certificates and identity cards. 15 thousand rupees will be given to buy modern equipment.

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