📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What is the primary objective of the PM Vishwakarma

    scheme?
    A To promote digital transactions among artisans and craftspeople. Correct Answer Incorrect Answer
    B To provide financial support to traditional skills practitioners. Correct Answer Incorrect Answer
    C To improve the quality of modern technology tools. Correct Answer Incorrect Answer
    D To enhance the global value chain for artisans. Correct Answer Incorrect Answer
    E To establish a certification process for artisans. Correct Answer Incorrect Answer

    Solution

    Explanation: A new Central Sector Scheme “PM Vishwakarma” with a financial outlay of Rs.13,000 crore for a period of five years (FY 2023-24 to FY 2027-28). The scheme aims to strengthen and nurture the Guru-Shishya parampara or family-based practice of traditional skills by artisans and craftspeople working with their hands and tools. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople and to ensure that the Vishwakarmas are integrated with the domestic and global value chains. Under PM Vishwakarma scheme, the artisans and craftspeople will be provided recognition through 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%.  The Scheme will further provide Skill Upgradation, Toolkit Incentive, and Incentive for Digital Transactions and Marketing Support.

    Practice Next
    More Economic and Social Issues ESI Questions

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call