Question
In relation to the PM Vishwakarma Scheme, which of the
statements below are accurate? 1. Registration and benefits under the Scheme are limited to a single family member. 2. Artisans receive financial aid through the scheme to initiate their own enterprises. 3. Financial assistance to artisans is offered in the form of grants under the scheme. 4. The Ministry of Micro, Small and Medium Enterprises (MSME) is responsible for implementing the scheme. Identify the correct statement using the following options.Solution
Statement 3 is incorrect. The PM Vishwakarma Scheme provides financial assistance to artisans in the form of loans, not grants. The loans are collateral-free and have a concessional interest rate of 5%.
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