Modi launches PM Vishwakarma Yojana
Rs13,000-cr scheme is for traditional artisans and craftsmen; PM also inaugurated Rs5,400-cr first phase of India International Convention and Expo Centre (IICC)
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Yashobhoomi will also be connected to Delhi Airport Metro Express line with the inauguration of the new metro station ‘Yashobhoomi Dwarka Sector 25’. Delhi Metro will also increase the operational speed of Metro trains on Airport Express Line from 90 to 120 kilometre per hour reducing the travel time
Scheme Highlights
♦ Will enhance accessibility, quality of products, services by traditional artisans, craftsmen
♦ Offers collateral-free enterprise development loans of Rs 1L, Rs 2L in 2 tranches
♦ A concessional rate of interest of 5% will be charged from beneficiary
♦The credit guarantee fees will be borne by the central government
New Delhi: Prime Minister Narendra Modi on Sunday launched Rs 13,000-crore PM Vishwakarma Yojana (scheme) for traditional artisans and craftsmen, and inaugurated the Rs 5,400-crore first phase of state-of-the art India International Convention and Expo Centre (IICC) -- ‘Yashobhoomi’ -- at Dwarka, here. “Today I dedicate ‘Yashobhoomi’ to every labourer, every ‘Vishwakarma’ of the nation,” Modi said. The prime minister further said that today there is such a government in the country that provides recognition to marginalised people. He also unveiled 18 customised stamp sheets covering the 18 traditional trades whose workers are covered under the scheme, along with a toolkit e-booklet on the occasion of the launch of the Vishwakarma scheme.
The goal of the Vishwakarma scheme is to enhance the accessibility and quality of products and services offered by traditional artisans and craftsmen. The scheme offers collateral-free enterprise development loans of Rs 1 lakh (first tranche for 18 months repayment) and Rs 2 lakh (second tranche for 30 months repayment).
A concessional rate of interest of 5 per cent will be charged from the beneficiary with interest subvention cap of 8 per cent to be paid by the Ministry of Micro Small and Medium Enterprises. The credit guarantee fees will be borne by the central government. With a total project area of over 8.9 lakh square metres and built up area of more than 1.8 lakh square metres, ‘Yashobhoomi’ will find its place among the world’s largest MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities. Giving details about the Vishwakarma scheme to the gathering at the Yashobhoomi, Prime Minister Modi asked the artisans and craftsmen to purchase Made In India toolkits from only those shops which are GST-registered.
