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Which of the following is a feature of the PM Vishwakarma Yojana launched in 2023?
Free health insurance
Skill training and toolkit incentive
Direct cash transfer to farmers
Subsidy for housing
Skill training and toolkit incentive
The PM Vishwakarma Yojana, launched on 17 September 2023, provides comprehensive support to traditional artisans and craftspeople through skill training and toolkit incentives.
The PM Vishwakarma Yojana was introduced to strengthen the Guru-Shishya parampara or the family-based practice of traditional skills by artisans and craftspeople working with their hands and tools. It aims to integrate these artisans into the domestic and global value chains. The scheme focuses on improving the quality, scale, and reach of products and services produced by the Vishwakarmas.
The scheme is fully funded by the Government of India with an initial outlay of 13,000 crore rupees. It is implemented by the Ministry of Micro, Small and Medium Enterprises (MSME) to support the informal sector of the Indian economy.
Launch Date: 17 September 2023
Initial Financial Outlay: 13,000 crore rupees
Implementing Ministry: Ministry of MSME
Eligible Trades: 18 identified traditional trades including carpentry, blacksmithing, and pottery
B is correct тАФ The PM Vishwakarma Yojana provides skill training and a toolkit incentive of 15,000 rupees to registered beneficiaries to modernize their craft.
Remember that PM Vishwakarma is distinct from PM Svanidhi; the former focuses on traditional 'artisans' while the latter targets 'street vendors' for working capital loans.
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