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'Vishwakarma' loan scheme for skilled workers gets Cabinet nod

Shortpedia

Content Team
Image Credit: NewsBytes

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.