Finance Minister Nirmala Sitharaman announced that the government will extend an interest subsidy of up to 8% for loans granted to artisans under the Vishwakarma Yojana, which was launched by Prime Minister Narendra Modi on Sunday.
During the Yojana’s launch event, she highlighted that the government has already allocated Rs 13,000 crore in the Budget for 2023-24 to support this initiative.
Elaborating on the Vishwakarma Yojana, the finance minister revealed that artisans will have access to collateral-free loans with a highly competitive interest rate of 5%.
