New Delhi: Banks have sanctioned Rs 1,751 crore loans under PM Vishwakarma scheme as of October 31, Minister of State for Finance Pankaj Chaudhary said on Tuesday.
In a written reply to a question in the Rajya Sabha, he said the government has taken various measures to overcome the challenges faced by borrowers, particularly in rural areas and to facilitate easy credit flow to cater to the population's needs. As per the data shared by Pankaj Chaudhary, over 2.02 lakh accounts have been opened under the PM Vishwakarma scheme with a sanctioned loan amount of Rs 1,751.20 crore.
ALSO READ: Affordable Luxury: Lab-Grown Kohira Diamonds To Offer 'Kitty Scheme' For The Budget-Conscious
The government launched PM Vishwakarma on September 17, 2023, to provide end-to-end support to artisans and craftspeople who work with their hands and tools. These traditional artisans and craftspeople are dubbed ‘Vishwakarmas’ and are engaged in occupations such as blacksmiths, goldsmiths, potters, carpenters, sculptors, etc. The financial outlay for the scheme from FY 2023-2024 to FY 2027-28 is Rs 13,000 crore.
ALSO READ: Religare Enterprises' Stock Hits 52-Week High, Surges Over 9 Per Cent
FIRST Business Portal addressing the potential of business capability of North East Region.
