Q. With reference to the PM Vishwakarma Scheme, which of the following statements are correct?
1.The registration and benefits under the Scheme are restricted to only one member of the family.
2.It provides financial assistance to artisans to start their own businesses.
3.The scheme provides financial assistance to artisans in the form of grants.
4.The scheme is being implemented by the Ministry of Micro, Small and Medium Enterprises (MSME).
Select the correct answer using the codes given below:
Explanation –
Statements 1, 2 and 4 are correct. The Pradhan Mantri Vishwakarma Scheme (PMVS) is a central sector scheme launched by the Ministry of Micro, Small and Medium Enterprises (MSME).
The scheme aims to provide holistic and end-to-end support to artisans and craftspeople who work with their hands and tools.
Under the PM Vishwakarma Scheme, the registration and benefits under the Scheme are restricted to only one member of the family.
The scheme offers low-interest loans that can be used to buy equipment, materials, and other resources that are necessary for starting a business.
Statement 3 is incorrect. The PM Vishwakarma Scheme provides financial assistance to artisans in the form of loans, not grants. The loans are collateral-free and have a concessional interest rate of 5%.
Source: ForumIAS
