Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q40: Scenario: A rural artisan specializing in traditional carpentry wants to upgrade his tools and access collateral-free credit. He applies for the "PM Vishwakarma" scheme. Under the 2026 provisions, which of the following benefits is he eligible for immediately after basic training?

A
A loan of Rupees 3 Lakh.
B
A toolkit incentive of Rupees 15,000 and a first tranche loan of Rupees 1 Lakh.
C
A 100% subsidy on all new machinery.
D
A monthly stipend of Rupees 5,000 for 3 years.
✅ Correct Answer: B
He is eligible for Toolkit Incentive plus Tranche 1 Loan.
The Union Budget 2026-27 supports this scheme where artisans get Rupees 15,000 for tools and a Rupees 1 Lakh loan (18 months repayment) after training.
The 2 Lakh tranche is available only after repaying the first.