Vishwakarma Yojana Loan Interest rate 2023: The Government of India has officially launched the Vishwakarma Yojana on the Vishwakarma Day on Sunday, 17 September 2023. The Vishwakarma scheme will not only provide financial assistance to hand workers and other artists who made their specific art through their hands and traditional ways but will also provide a financial loan (Vishwakarma Yojana Loan 2023) with minimum interest rate. If you are also a hand worker or a traditional artist who is expert in different arts including Gold Smith, black Smith, barber etc. Then you can also apply under Vishwakarma Loan Yojana and get financial assistance as well as a financial Vishwakarma Yojana Loan 2023 (विश्वकर्मा योजना लोन 2023) with minimum interest rates from the bank.
8% interest rates on loan under Vishwakarma Yojana
While banks are charging annual 12% to 16% interest rates to their customers for business and personal loans, the Government of India has announced that if any Artist, handicraft worker and other traditional worker under Vishwakarma scheme can get the loan to upgrade their skills and business where banks will provide them the Vishwakarma Yojana loan for up to 8% interest rates. it is a good step from the government to all traditional workers, so they can also up scale there business by using low interest rates loan from पीएम विश्वकर्मा योजना.
Maximum ₹300000 loan will be provided in Vishwakarma Yojana
Finance Minister Nirmala Sitaraman has already proposed a budget for Vishwakarma Yojana in the latest parliament session before announcing the scheme. It is also mentioned that if any Vishwakarma or handicraft worker want to get the loan from the bank then they can get maximum 3 lakh loan in Vishwakarma scheme. The loan will be provided from the bank to these hand workers. However, there is also a condition for hand workers to get maximum 3 lakhs loan. If you are applying first time in PM Vishwakarma loan then you will get maximum Rs 100000 loan from the bank. If you repay the loan amount within 18 months of loan EMI without any delaying for any other issues, than your profile will be upgraded to provide maximum 3 lakh rupees loan. So if you need the loan amount with only 8% interest rates then you can ask Pradhan Mantri Vishwakarma loan 2023 from the bank for up to 1 lakh at the initial stage.
13000 crore Rupees Budget for Vishwakarma scheme
The Vishwakarma scheme is a new scheme which is launched by the central government. the government was working to launch Vishwakarma scheme for many days and has already prepared that document of Vishwakarma scheme. but Prime Minister Narendra Modi has also elaborated the scheme on the occasion of his Independence Day speech at Red Fort on 15 August 2023. After that the scheme become very popular among hand workers and other eligible applicants. The government has decided to spend approximately 13000 crore rupees for the session of 2023 and 24 to up skill and upgrade the skills of the hand workers of different sectors and also make them eligible to scale their business at global level.
Skill training will be provided to the beneficiaries
The government will also organise 5 days of skill training for the beneficiaries who are getting benefits of the Vishwakarma Scheme 2023. Beneficiaries will learn various techniques during this training from Professionals. They will also get a Toolkit with a budget of Rs 15000 from the training centers. This toolkit will include all the items and upgraded tools that are very useful and will make the work of various hand workers easy according to their fields.
These beneficiaries will get benefits of Vishwakarma scheme
The scheme has been developed for hand workers of various fields who are continuously learning their traditional techniques of handicrafts. There is a list of all the works which are included in the Vishwakarma scheme. you can check all these beneficiary list from the official website of Government of India. If these beneficiaries are belongs to OBC category, SC/ ST category then they will also get extra benefit under this scheme. If you are a female Entrepreneur who have a good skills of Handicrafts and handmade items then we will also get the priority while asking 3 lakh rupees Vishwakarma loan 2023.