PM Vishwakarma Yojana: Everyone requires opportunity and hard work to advance in life. Our culture is full of small business owners and artisans who use their skills and artistic abilities to preserve the nation’s traditions. However, financial assistance is sometimes the largest obstacle these individuals face. The national government launched the Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PM Vishwakarma Yojana) in response to this demand.
Under the PM Vishwakarma Yojana, who is eligible to borrow money
Those who are involved with traditional labor can benefit the most from this arrangement. Masons, barbers, tailors, blacksmiths, sculptors, toy makers, boat builders, cobblers, shoemakers, stone carvers, masons, and many more craftspeople. You are qualified for this program and can use the loan facility if you work in one of these occupations and are older than eighteen.
What is the maximum loan amount under this plan?
This scheme’s most unique feature is that the loan is offered with flexible terms and a reasonable interest rate.
First, a loan of up to Rs 1 lakh is granted to the beneficiary, which must be paid back on schedule. In the following phase, the beneficiary is eligible to receive an extra loan of up to Rs 2 lakh if he makes the first installment on time. He can use this sum to advance his career or business.
Why is this plan unique
Even now, the nation is home to thousands of skilled artisans who are unable to advance due to a lack of funding and resources. The PM Vishwakarma Yojana has been a beacon of hope for these individuals.
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Everyone who uses their skills to benefit society benefits from the PM Vishwakarma Yojana. This program gives artists the opportunity to become independent while also giving their work a new identity. You can immediately sign up for and benefit from this program if you also meet the qualifying requirements.
Disclaimer: This article’s information is derived from government programs and news sources. Please obtain information from the relevant department or the scheme’s official website before submitting any kind of application.
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