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Consider the following statements with reference to the PM Vishwakarma Scheme:
- It is a central sector scheme launched by the Union Ministry of Rural Development.
- It offers services like market linkage support and incentives for digital transactions to artisans.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to the PM Vishwakarma...
The PM Vishwakarma Scheme, launched by the Centre, has received over 21 lakh applications in two and a half months, data from the Ministry of Skill Development and Entrepreneurship (MSDE) show.
About PM Vishwakarma Scheme:
- This is a central sector scheme launched by the Ministry of Micro, Small and Medium Enterprises, which offers services like market linkage support, skill training, and incentives for digital transactions to artisans and craftspeople engaged in specified trades.
- Time period: Five years (FY 2023-24 to FY 2027-28).
- Aim:
- 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 the products and services of artisans and craftspeople and to ensure that the Vishwakarmas are integrated with the domestic and global value chains.
- Eligibility & coverage:
- It is available for rural and urban artisans and craftsmen across India.
- It covers 18 traditional crafts such as Boat Maker; Armourer; Blacksmith; Hammer and Tool Kit Maker; etc.
- Five lakh families will be covered in the first year and 30 lakh families over five years.
- Benefits:
- Under this scheme, the artisans and craftspeople will be provided recognition through a PM Vishwakarma certificate and ID card.
- They will receive collateral-free credit support of up to ₹1 lakh (first tranche) and ₹2 lakh (second tranche) with a concessional interest rate of 5%.
- The scheme will further provide craftsmen with methods of skill upgradation involving basic and advanced training, a toolkit incentive of ₹15,000 and incentives for digital transactions and marketing support.
- Under the scheme, there will be two types of skilling programmes -- Basic and Advanced and a stipend of Rs 500 per day will also be provided to beneficiaries while undergoing skills training.
Hence only statement 2 is correct.
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Community Answer
Consider the following statements with reference to the PM Vishwakarma...
Explanation:
The correct answer is option 'B', i.e., statement 2 only is correct.
Statement 1: It is a central sector scheme launched by the Union Ministry of Rural Development.
This statement is incorrect. The PM Vishwakarma Scheme is not a central sector scheme launched by the Union Ministry of Rural Development. In fact, there is no scheme named PM Vishwakarma Scheme launched by the Union Ministry of Rural Development.
Statement 2: It offers services like market linkage support and incentives for digital transactions to artisans.
This statement is correct. The PM Vishwakarma Scheme is a scheme launched by the Ministry of Micro, Small and Medium Enterprises (MSME) and not the Union Ministry of Rural Development. The scheme aims to provide market linkage support and incentives for digital transactions to artisans.
The PM Vishwakarma Scheme aims to provide a platform for artisans to showcase their products and connect with buyers. It also provides financial incentives for adopting digital transactions, which is in line with the government's push for a cashless economy. The scheme aims to promote the development and growth of the artisan sector by providing support in marketing and financial transactions.
Under the scheme, artisans can register themselves on the dedicated portal and showcase their products. The portal provides a platform for buyers to browse and purchase artisan products. The scheme also provides financial incentives for artisans who adopt digital transactions. This is aimed at promoting digital payments and reducing the reliance on cash transactions.
In conclusion, the correct answer is option 'B', i.e., statement 2 only is correct. The PM Vishwakarma Scheme is a scheme launched by the Ministry of Micro, Small and Medium Enterprises (MSME) and offers services like market linkage support and incentives for digital transactions to artisans.
The correct answer is option 'B', i.e., statement 2 only is correct.
Statement 1: It is a central sector scheme launched by the Union Ministry of Rural Development.
This statement is incorrect. The PM Vishwakarma Scheme is not a central sector scheme launched by the Union Ministry of Rural Development. In fact, there is no scheme named PM Vishwakarma Scheme launched by the Union Ministry of Rural Development.
Statement 2: It offers services like market linkage support and incentives for digital transactions to artisans.
This statement is correct. The PM Vishwakarma Scheme is a scheme launched by the Ministry of Micro, Small and Medium Enterprises (MSME) and not the Union Ministry of Rural Development. The scheme aims to provide market linkage support and incentives for digital transactions to artisans.
The PM Vishwakarma Scheme aims to provide a platform for artisans to showcase their products and connect with buyers. It also provides financial incentives for adopting digital transactions, which is in line with the government's push for a cashless economy. The scheme aims to promote the development and growth of the artisan sector by providing support in marketing and financial transactions.
Under the scheme, artisans can register themselves on the dedicated portal and showcase their products. The portal provides a platform for buyers to browse and purchase artisan products. The scheme also provides financial incentives for artisans who adopt digital transactions. This is aimed at promoting digital payments and reducing the reliance on cash transactions.
In conclusion, the correct answer is option 'B', i.e., statement 2 only is correct. The PM Vishwakarma Scheme is a scheme launched by the Ministry of Micro, Small and Medium Enterprises (MSME) and offers services like market linkage support and incentives for digital transactions to artisans.
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Consider the following statements with reference to the PM Vishwakarma Scheme: It is a central sector scheme launched by the Union Ministry of Rural Development. It offers services like market linkage support and incentives for digital transactions to artisans.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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