Question

What financial support is provided to Vishwakarmas under the 'PM Vishwakarma Yojana' in terms of credit?

A No financial support is provided. Correct Answer Incorrect Answer
B Collateral-free credit of ₹1 lakh (first tranche) and ₹2 lakh (second tranche) with a concessional interest rate of 5%. Correct Answer Incorrect Answer
C Collateral-free credit of ₹10,000 (first tranche) and ₹20,000 (second tranche) with a concessional interest rate of 10%. Correct Answer Incorrect Answer
D Collateral-free credit of ₹50,000 with no interest. Correct Answer Incorrect Answer
E Collateral-free credit of ₹5 lakh (first tranche) and ₹10 lakh (second tranche) with a concessional interest rate of 2%. Correct Answer Incorrect Answer

Solution

Explanation: The 'PM Vishwakarma Yojana' provides collateral-free credit of ₹1 lakh (first tranche) and ₹2 lakh (second tranche) with a concessional interest rate of 5%, as mentioned in the scheme details.

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