'Vishwakarma' loan scheme for skilled workers gets Cabinet nod
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Vishwakarma Yojana—the loan assistance scheme announced by Prime Minister Narendra Modi during his Independence Day address—received approval from the Union Cabinet on Wednesday. Under this scheme, loans up to Rs. 2 lakh will be provided to skilled workers at subsidized interest rates, said Union Minister Ashwini Vaishnaw. The scheme has a budget allocation of approximately Rs. 13,000-Rs. 15,000 crore, which will likely benefit 30 lakh craftsmen's families, he added.