Government of India (GoI) has introduced the ‘PM Vishwakarma Scheme’ which aims to provide support to artisans and craftspeople to enable them to move up the value chain in their respective trades. The Scheme envisages, among other measures, credit support to the beneficiaries at concessional interest rate, with interest subvention support by GoI.
In this regard, RBI has directed eligible lending institutions to comply with the Scheme guidelines issued by the Ministry of Micro, Small and Medium Enterprises, for appropriate action.
