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Government Announces Massive Expansion of PM Vishwakarma Scheme.

Government Schemes | Dated: 02 Apr 2026

The Central Government announced an aggressive expansion of the PM Vishwakarma scheme to cover more rural artisan communities. The initiative provides heavily subsidized collateral-free credit and modern toolkits to traditional craftsmen to scale their businesses.

🎯 Key Highlights:

  • The loan limit for the second tranche has been increased to Rs 3 Lakh.
  • A daily stipend is provided during the mandatory skill upgrade training.
  • The scheme now includes 25 traditional trades, up from the initial 18.

💡 Other Important Facts:

  • Scheme: PM Vishwakarma.
  • Target: Rural Artisans.
  • Limit: Rs 3 Lakh.

📚 Test Your Knowledge:

The Central Government recently expanded the PM Vishwakarma Scheme. What is the new loan limit for the second tranche provided to rural artisans?

Correct Answer: Rs 3 Lakh

🚀 Quick Recap:

About PM Vishwakarma Scheme

  • Launch Year - 2023
  • Target Audience - Traditional artisans and craftspeople