You can also get a loan of this much in PM Vishwakarma Yojana, know what is the way.

The central government runs several schemes that benefit different sections of the population. One such initiative launched in 2023 is the Pradhan Mantri Vishwakarma Yojana, which aims to support artisans and craftsmen.

Under the Vishwakarma Yojana, artisans not only get training but also get a loan of up to ₹ 3 lakh. However, certain conditions must be met to be eligible for this scheme.

Beneficiaries who complete basic training under the scheme are eligible to take a loan of up to ₹ 1 lakh. Those who have already taken a loan of ₹ 1 lakh and successfully managed it can apply for an additional loan of up to ₹ 2 lakh. To get the loan, beneficiaries have to ensure that they are using digital transactions in their business.

The repayment period for a ₹1 lakh loan is 18 months, after which they can apply for a ₹2 lakh loan, which must be repaid within 30 months. The loan comes with an interest subsidy, and the interest rate is only 5%.

For more information about the loan and other details, individuals can contact the official helpline 18002677777 or through the official email pm-vishwakarma@dcmsme.gov.in.