Which scheme of the Central Government aims to empower artisans with ₹500 stipend/day and toolkit vouchers?
Show answer & explanation
Correct answer: A
Explanation
PM Vishwakarma Scheme -
Launched by Prime Minister Narendra Modi on September 17, 2023 (Vishwakarma Jayanti), the scheme primarily aims to economically empower traditional artisans and craftspeople and modernize their skills.
Stipend: Beneficiaries receive a stipend of ₹500 per day during skill training.
Toolkit Incentive: Upon completion of training, artisans are provided with a toolkit voucher worth ₹15,000 to purchase modern equipment.
Loan Assistance: Beneficiaries receive a loan of up to ₹3 lakh (first installment of ₹1 lakh and second installment of ₹2 lakh) at a collateral-free, concessional interest rate (approximately 5%).
Target Groups: This includes 18 traditional trades, such as carpenters, blacksmiths, potters, masons, barbers, tailors, and garland makers.