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Consider the following statements regarding PM Vishwakarma scheme.
  1. PM Vishwakarma scheme aims to help traditional craftspeople and artisans by providing interest-free loans.
  2. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople.
  3. The scheme covers rural and urban areas across India.
How many of the above statements is/are correct?
  • a)
    Only one 
  • b)
    Only two 
  • c)
    All three 
  • d)
    None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding PM Vishwakarma scheme. PM ...
Statement 1 is incorrect.
  • The Cabinet Committee on Economic Affairs approved a new Central Sector Scheme “PM Vishwakarma” for a period of five years (FY 2023-24 to FY 2027-28). The scheme aims to strengthen and nurture the Guru-Shishya parampara or family-based practice of traditional skills by artisans and craftspeople working with their hands and tools. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople and to ensure that the Vishwakarmas are integrated with the domestic and global value chains.
  • Under PM Vishwakarma scheme, the artisans and craftspeople will be provided recognition through PM Vishwakarma certificate and ID card, Credit Support upto Rs.1 lakh (First Tranche) and Rs.2 lakh (Second Tranche) with a concessional interest rate of 5%.  The Scheme will further provide Skill Upgradation, Toolkit Incentive, Incentive for Digital Transactions and Marketing Support.
  • The scheme will provide support to artisans and craftspeople of rural and urban areas across India. Eighteen traditional trades will be covered in the first instance under PM Vishwakarma.
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Community Answer
Consider the following statements regarding PM Vishwakarma scheme. PM ...
Introduction:
The PM Vishwakarma scheme is a government initiative aimed at assisting traditional craftspeople and artisans in India. It focuses on providing interest-free loans to these individuals, improving the quality and reach of their products and services, and covering both rural and urban areas.

Explanation:
The given statements about the PM Vishwakarma scheme are as follows:

Statement 1: PM Vishwakarma scheme aims to help traditional craftspeople and artisans by providing interest-free loans.
This statement is correct. The PM Vishwakarma scheme aims to provide interest-free loans to traditional craftspeople and artisans. These loans can help them in various ways, such as purchasing raw materials, upgrading their tools and equipment, and expanding their businesses. By providing financial assistance without charging any interest, the scheme aims to support and uplift these individuals economically.

Statement 2: The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople.
This statement is correct. Along with providing financial support, the PM Vishwakarma scheme also focuses on enhancing the quality of products and services offered by artisans and craftspeople. It aims to provide them with training and skill development opportunities to improve their craftsmanship and introduce modern techniques and designs. Additionally, the scheme aims to enhance the reach of their products by connecting them with markets and promoting their work through various platforms.

Statement 3: The scheme covers rural and urban areas across India.
This statement is incorrect. The PM Vishwakarma scheme primarily focuses on rural areas and aims to uplift traditional craftspeople and artisans living in these regions. It aims to preserve and promote traditional arts and crafts in rural communities and provide them with opportunities for sustainable livelihoods. However, the scheme may also extend its benefits to some urban areas where traditional crafts and artisans are prevalent.

Conclusion:
Out of the given statements, statement 1 and statement 2 are correct, while statement 3 is incorrect. The PM Vishwakarma scheme aims to provide interest-free loans to traditional craftspeople and artisans and improve the quality and reach of their products and services. However, it primarily focuses on rural areas, although it may extend its benefits to select urban areas as well.
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Consider the following statements regarding PM Vishwakarma scheme. PM Vishwakarma scheme aims to help traditional craftspeople and artisans by providing interest-free loans. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople. The scheme covers rural and urban areas across India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding PM Vishwakarma scheme. PM Vishwakarma scheme aims to help traditional craftspeople and artisans by providing interest-free loans. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople. The scheme covers rural and urban areas across India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding PM Vishwakarma scheme. PM Vishwakarma scheme aims to help traditional craftspeople and artisans by providing interest-free loans. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople. The scheme covers rural and urban areas across India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding PM Vishwakarma scheme. PM Vishwakarma scheme aims to help traditional craftspeople and artisans by providing interest-free loans. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople. The scheme covers rural and urban areas across India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.
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