Vishwakarma Loan Yojana :- Hello friends, if you are also in need of a loan? Then you have come to the right place today. Today we are going to get a lot of information about Vishwakarma Loan Yojana in this article.
Now the government is also giving loans, this PM Vishwakarma Loan Yojana is a government loan assistance scheme, in which the government is giving loans to many people.
So let us try to get answers to all your questions about Vishwakarma Loan Yojana through this article today .
How to get a Vishwakarma loan? We have to get information about what documents are required for the loan, how to apply, how much loan will be available and who will get whose loan, etc.
Vishwakarma Loan Yojana
Vishwakarma Yojana is one of the ambitious schemes launched by the government, which aims to provide financial assistance to ancient crafts, artisans and traditional workers. The scheme is designed for small and medium-sized entrepreneurs in India, especially targeting those who have been earning a living through their handicrafts for years.
Essential information table for Vishwakarma Loan Scheme
| Subject | Detail |
|---|---|
| Name of the scheme | PM Vishwakarma Loan Scheme |
| Objective | Financial assistance for handicrafts and traditional professions |
| Loan limit | ₹2,00,000 |
| Loan type | Unsecured loan |
| Interest rate | Less than a normal bank loan |
| Loan repayment period | 18-24 months |
| Method of application | Online on PM Vishwakarma Portal or in government approved banks |
What is Vishwakarma Yojana?
Vishwakarma Yojana Loan is an initiative of the Modi government, under which arrangements have been made to provide finance to handicraft and traditional workers for their business. Through this scheme, special concessions are given for short-term loans.
Special features of Vishwakarma Yojana
- Strengthening traditional professionals.
- Supporting small businesses.
- Helping local industries reach the global stage.
- Promoting the Self-Reliant India Mission.
- Helping small cottage industries.
Features of Vishwakarma Yojana Loan
- Unsecured Loan: This scheme does not require collateral to get a loan, making financial assistance easier for small business owners.
- Prior Training: This scheme provides free training for workers, which helps them improve their skills.
- Low interest rate: The interest rate for the loan is lower than that of a normal bank loan.
- First Loan Limit: Initially, a loan of up to ₹1,00,000 is approved, and at a later stage, the loan can be increased up to ₹2,00,000.
- Repayment Flexibility: This loan has a repayment grace period, which is spread over 18-24 months.
Occupations covered under Vishwakarma Scheme
| Business type | Examples |
|---|---|
| Skill-based | Carpentry, blacksmithing, tailoring |
| Food manufacturer | Confectionery, Food Products |
| Service-based | Barber, washerman |
| Agriculture based | Farming equipment manufacturer |
| Domestic industry | Simple household art-based business |
Eligibility and Qualification for Vishwakarma Yojana Loan
- The applicant must be an Indian citizen.
- A person over the age of 18 can apply for a loan.
- Handicraft or traditional workers like blacksmiths, carpenters, sweet makers, washermen, potters, and other workers can take advantage of this scheme.
- It is necessary to have at least 1 year of work experience.
Documents required for Vishwakarma Yojana
| Document type | Detail |
|---|---|
| Aadhar card or PAN card | Documents required for identification. |
| Bank account details | Submitting bank account information for loans. |
| Business information and proof | Relevant information and evidence about your business. |
| Passport size photograph | A photograph is required for the application. |
| Proof of local residence | Residence certificate or proof of address. |
All the documents mentioned above are required, so this loan will be given only to those who have the above documents, so it is necessary to prepare all the necessary documents while applying for the loan.
How to apply for Vishwakarma Loan Scheme ?
The process of applying for a loan under Vishwakarma Yojana is simple. And I have told you all its step by step process as follows.
Step 1:- Online Application:
You can apply online by going to the PM Vishwakarma Portal . The website will appear as follows.
Step 2:- Loan Option
Go to the loan portal and click to fill out the loan form.
Step 3:- Fill the application form.
It is necessary to submit the form along with the required documents such as Aadhaar card, proof of business, bank account information.
Step 4:- Approval through bank
Banks and institutions selected by the government are responsible for approving loans.
Step 5 :-
Direct assistance and guidance for business improvement will be available from the government at the post-application stage.
Thus, we can apply for a loan.
Direct link for Vishwakarma Loan Scheme
| Apply for a loan | Direct from here |
| Official website | Visit |
| For more information | Read from here |
Benefits of getting a loan
- Economic Strengthening: This scheme can help small traders strengthen their businesses.
- Improved manual dexterity: Efficiency increases through training.
- Ease of financing: Loans are available without collateral, which creates fewer barriers for small traders.
- Expanding your business: You can achieve greater success by expanding your scope of work.
Conclusion
Thus, today we have got all the necessary information about Vishwakarma Loan Yojana , and I hope this information has been helpful for you in taking a loan. If you need a loan then this Vishwakarma Loan Yojana is a good option, thus you can get a loan easily.
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