Prime Minister launched the 'PM Vishwakarma' scheme for the benefit of traditional artisans.
Under the scheme, the government will provide up to ₹3 lakhs loan without any (bank) guarantee.
It has also been ensured that the interest rate is also very low.
The Govt has decided that ₹1 lakh loan will be given in the beginning.
Once it is repaid, govt will provide additional ₹2 lakhs loan to the Vishwakarma partners".
The scheme will provide support to artisans and craftspeople in rural and urban areas across India.
Initially, 18 traditional trades will be covered.
The beneficiaries of the scheme will be provided recognition through a PM Vishwakarma certificate and ID card, and skill upgradation involving basic and advanced training.