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Under PM Vishwakarma Yojana, loan will be available at only 5% interest, government will give subsidy of this percentage
PM Vishwakarma Yojana: Finance Minister Nirmala Sitharaman said that under PM Vishwakarma Yojana, the government will give a subsidy of up to 8 percent on interest to the artisans taking loans. Initially, a loan of one lakh rupees will be given under this scheme, and as soon as the loan is repaid by the beneficiary. He will be paid an additional Rs 2 lakh.
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“Under PM Vishwakarma Yojana, loan will be available at only 5% interest, government will give subsidy of this percentage”
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18 Sep 2023
On behalf of Finance Minister Nirmala Sitharaman, it has been said that under PM Vishwakarma Yojana, the government will give a subsidy of up to 8 percent on interest to the artisans taking loans. This will provide great relief to the artisans taking direct loans.
Vishwakarma Yojana for artisans was launched by PM Narendra Modi on Sunday. This scheme has been started by the government with a budget of Rs 13,000 crore. This was announced in the budget for the financial year 2023-24.
Giving information about PM Vishwakarma Scheme, Finance Minister Nirmala Sitharaman said that under this scheme, the government will give loans of up to Rs 3 lakh to the artisans at a concessional interest rate of 5 percent without giving any mortgage.
