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Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q80: Consider the following statements regarding the "PM Vishwakarma Scheme" and its integration with MSME value chains:

It is a Central Sector Scheme fully funded by the Government of India.




It covers 18 traditional trades including Carpenters, Boat Makers, and Blacksmiths.




The scheme provides collateral-free enterprise development loans up to Rupees 3 lakh in two tranches.





Select the correct combination:
A
1 and 2 only
B
2 and 3 only
C
1 and 3 only
D
1, 2, and 3
✅ Correct Answer: D
All statements are correct.
Launched on September 17, 2023, PM Vishwakarma is a Central Sector Scheme with 100% funding from the Central Government.
It targets 18 traditional trades (Guru-Shishya parampara) such as Carpenter, Boat Maker, Blacksmith, Potter, and Goldsmith.
It offers collateral-free credit support up to Rupees 3 lakh at a concessional interest rate of 5%, provided in two tranches: Rupees 1 lakh (18-month repayment) and Rupees 2 lakh (30-month repayment).