Reserve Bank’s big announcement about Rs 3 lakh loan without guarantee, low interest and subsidy scheme

Vishwakarma Scheme: The decisions of the Reserve Bank of India’s Monetary Policy Committee were announced today by RBI Governor Shaktikanta Das. In it, he not only clarified his stance on the country’s inflation rate and GDP growth rate, but also gave the common man a chance to breathe a sigh of relief without any change in the repo rate. Apart from this, the RBI Governor has made a big announcement regarding a scheme of Prime Minister Narendra Modi which is becoming a topic of much discussion.

PM Vishwakarma Yojana will be brought under Payment Infrastructure Development Fund.

Reserve Bank of India Governor Shaktikanta Das said that it has been decided to include the PM Vishwakarma Yojana under the Payment Infrastructure Development Fund (PIDF) scheme. In addition, ARBI’s MPC has also agreed to extend the PIDF scheme by two years. Announcing the bi-monthly monetary policy, the governor said that now it is proposed to extend the PIDF scheme for a period of two years i.e. till 31 December 2025.

Vishwakarma scheme has been launched recently.

Prime Minister Narendra Modi launched the PM Vishwakarma Yojana last month. It proposes a subsidy of up to eight percent on loans given to artisans. The scheme provides loans of up to Rs 3 lakh to artisans at a very affordable interest rate of five percent without any collateral. PM Modi announced the launch of the scheme on August 15, 2023 from the ramparts of the Red Fort and talked about providing cheap loans to skilled artisans.

What is the PDF scheme under which Vishwakarma Yojana will come?

Under the original plan, the PIDF scheme was brought in for three years i.e. till December 2023. The scheme was launched in January 2021. The scheme is aimed at small and sparsely populated urban areas (Tier-3 to Tier-6), North-Eastern States and Union Territories like Jammu and Kashmir and Ladakh for payment through Point of Sale, Quick Response (QR) code. To facilitate. Establishing access to accepting infrastructure.

MPC has proposed to extend the PIDF scheme for 2 years.

The RBI Governor said, “It is now proposed to extend the PIDF scheme by two years till December 31, 2025. Also, to include the beneficiaries of PM Vishwakarma Yojana in all centers under the PIDF scheme. is suggested.” Shaktikanta Das said that this decision to expand the targeted beneficiaries under the PIDF scheme will strengthen the Reserve Bank’s efforts to promote digital transactions at the grassroots level. Das said that information about these amendments will be given soon.

Beneficiaries of PM Swaandhi Yojana under PIDF Scheme – Shaktikanta Das

RBI Governor Das said that the beneficiaries of PM Swaandhi scheme in Tier-1 and Tier-2 areas were included in the PIDF scheme in August 2021. By the end of August 2023, over 2.66 crore new ‘touch points’ have been set up under the scheme. Based on the feedback received from the industry, the PIDF scheme is proposed to incentivize the deployment of emerging payment methods, such as soundbox devices and Aadhaar-enabled biometric tools. This is expected to further accelerate the deployment of payments infrastructure in targeted geographies.

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