Key Takeaways
- The government launched the PM Vishwakarma Yojana to support traditional craftsmen with training, tools, and credit.
- Affordable credit schemes were emphasized to aid poor and middle‑class housing purchases.
- The plan also aims to provide solar power to households as part of the Independence Day commitments.
New Delhi: Prime Minister Narendra Modi on Saturday held a meeting to review announcements made in his Red Fort speech.
In his Independence Day speech, the Prime Minister had mentioned about ensuring affordable credit for poor and middle class housing. In line with this announcement, he reviewed the preparations to implement this announcement.
The Prime Minister had also mentioned about ensuring solar power for households.
“Modi reviewed preparations to execute this scheme,” the Prime Minister’s Office said in a statement.
In his speech on August 15 on the occasion of 77th Independence Day, he had announced to launch a new scheme targeting individuals skilled in traditional craftsmanship. The scheme ‘PM Vishwakarma Yojana’, was launched on the occasion of Vishwakarma Jayanti last month.
The PM Vishwakarma Yojana provides for skill upgradation, toolkit incentive and credit support. Fully funded by the central government, the scheme has been launched with a total outlay of Rs 13,000 crore.
Under the scheme, individuals skilled in traditional craftsmanship will be registered free of charge through Common Services Centres using biometric based PM Vishwakarma portal.
They will be provided recognition through PM Vishwakarma certificate and ID card, skill upgradation involving basic and advanced training, toolkit incentive of Rs 15,000, collateral-free credit support up to Rs 1 lakh (first tranche) and Rs 2 lakh (second tranche) at a concessional interest rate of 5%, incentive for digital transactions and marketing support.
