What is the maximum amount of collateral-free 'Enterprise Development Loans' provided under the PM Vishwakarma scheme for artisans and craftspeople?

Correct option is C

The PM Vishwakarma scheme provides collateral-free 'Enterprise Development Loans' of up to Rs. 3 lakh.
· Scheme Overview: Launched on 17th September 2023, this scheme supports artisans and craftspeople engaged in 18 traditional trades such as blacksmithing, carpentry, and tailoring.
· Target Beneficiaries: Craftspeople in trades like carpenters, potters, tailors, goldsmiths, and others.
· Benefits of the Scheme:
1. Recognition: Artisans receive a PM Vishwakarma certificate and ID card.
2. Skill Upgradation: Basic and advanced training with a stipend of Rs. 500 per day.
3. Toolkit Incentive: Up to Rs. 15,000 through e-vouchers for toolkits.
· Credit Support:
1. Loan Structure: Up to Rs. 3 lakh collateral-free loans, in two tranches of Rs. 1 lakh and Rs. 2 lakh, with tenures of 18 and 30 months.
2. Interest Rate: 5% interest with 8% subvention from the government.
3. Eligibility: The first tranche is available after basic training, and the second after maintaining a standard loan account or completing advanced training.
· Objective: To boost livelihood opportunities for traditional artisans with financial support, skill development, and modern tools.