About the author Ujjwal Kant Chief Manager (Faculty) Union Bank Of India Staff College, Bengaluru
PM Vishwakarma Yojana
The full name of PM Vishwakarma Yojana is "PM Vishwakarma Kaushal Samman Yojana". It is also known by the other name i. e "PM Vishwakarma Yojana". The PM Vishwakarma Yojana was launched on the occasion of the Vishwakarma Jayanti i.e. on 17-08-2023.
What is PM Vishwakarma Yojana
It is an initiative that operates as a Central sector Scheme and the scheme has been granted a substantial financial allocation of Rs 13,000 crore. The designated timeframe for its implementation spans five years, encompassing Financial Year 2023-24 through FY 2027-28. Under this scheme the artisans and the craftspeople will be provided recognition through a PM Vishwakarma certificate and ID Card, credit support up to Rs 1 lakh (First Tranche) and Rs 2 lakh (Second Tranche) with a concessional interest rate of 5%.
PM Vishwakarma Yojana 2023 objectives
The primary goal of the PM Vishwakarma yojana is to fortify and foster the time-honoured Guru Shishya parampara, a lineage-based tradition where artisans and craftsmen adeptly ply their traditional skills using handcrafted techniques and tools. Additionally, the Vishwakarma scheme endeavours to enhance both the calibre and accessibility of products and services originating from these skilled artisans, while also facilitating the seamless integration of Vishwakarma practitioners into both local and international value chains.
Features of the PM Vishwakarma Yojana
Diese Geschichte stammt aus der December 2023-Ausgabe von BANKING FINANCE.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 2023-Ausgabe von BANKING FINANCE.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Combating Cyber Threats in Banking: Prevention, Detection, and Response Mechanisms
In the digital age, the Banking sector has undergone a remarkable transformation, leveraging technology to offer seamless and efficient services to customers across the globe.
Creating a Winning Sales Pitch for SIPs and Mutual Fund Products
In the competitive world of financial services, effectively communicating the value of Systematic Investment Plans (SIPs) and mutual fund products is crucial for success.
Banking in the Era of "Data Privacy": Impact of Digital Personal Data Protection Act (DPDPA) on the Banking Industry
In modern world, data is a valuable asset which helps in the revenue generation process of a company/organization.
Opportunities and Risk for Traditional Banks in Embracing Open Banking
Technology has simplified our lives by making the processes easier and integrating into our daily routines.
RBI CIRCULAR
Coverage of customers under the nomination facility
Decoding Financial Crime of Money Laundering
This article is about the definition & concept of financial crime of money laundering.
The Future of Mutual Funds in the Digital Era: Trends and Challenges
The mutual fund industry has witnessed a significant transformation over the past decade, driven by rapid advancements in technology and the proliferation of digital platforms.
Future of BankingBlockchain Technology
Blockchain banking is a new technology in India, but it's gaining traction due to its worldwide success in finance and other sectors.
Legal News
SC: Parents Can Be Legally Compelled to Provide Education Money to Daughter
Economic Value of Equity (EVE) Demystified
In the realm of finance and economics, the concept of equity plays a pivotal role in assessing the health and potential of businesses, projects, and investments.
