The Fact News Service
New Delhi August 17
The Union Cabinet on Wednesday approved ‘PM Vishwakarma’ scheme to support traditional artisans and craftspeople of rural and urban India.
The launch of the scheme was announced by Prime Minister Narendra Modi during his address to the nation from the ramparts of the Red Fort on the 77th Independence Day on Tuesday.
Briefing the media after a meeting of the union cabinet, Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw said the scheme has a financial outlay of Rs 13,000 crore.
“Under this scheme, loans up to Rs 1 lakh will be provided on liberal terms,” he said.The Prime Minister had said in his address to the nation that the scheme will empower people with traditional skills.