Consider the following statement regarding “PM Vishwakarma Scheme”;

I.There is a provision for Basic Training of 5-7 days and Advanced Training of 15 days or more, with a stipend of Rs. 500 per day.

II.A toolkit incentive of up to Rs. 15,000 in the form of e-vouchers at the beginning of Basic Skill Training will be provided.

III.Collateral-free 'Enterprise Development Loans' of up to Rs. 30 lakh in two tranches of Rs. 10 lakh and Rs. 20 lakh with tenures of 18 months and 30 months, respectively will be provided.

Which of the above-given statements is/are correct?

Solution

BENEFITS TO THE ARTISANS AND CRAFTSPERSONS The Scheme envisages provisioning of the following benefits to the artisans and craftsperson: •Recognition: Recognition of artisans and craftspeople through PM Vishwakarma certificate and ID card. •Skill Upgradation: Basic Training of 5-7 days and Advanced Training of 15 days or more, with a stipend of Rs. 500 per day. •Toolkit Incentive: A toolkit incentive of up to Rs. 15,000 in the form of e-vouchers at the beginning of Basic Skill Training. •Credit Support: Collateral-free 'Enterprise Development Loans' of up to Rs. 3 lakh in two tranches of Rs. 1 lakh and Rs. 2 lakh with tenures of 18 months and 30 months, respectively, at a concessional rate of interest fixed at 5%, with Government of India subvention to the extent of 8%.