What is Vishwakarma Yojana?
The Vishwakarma Yojana is set to launch at 70 locations across India on September 17. This initiative, announced during the Independence Day speech at the Red Fort, is aimed at benefiting skilled individuals in traditional craftsmanship. The scheme will be inaugurated by central ministers in all states and union territories, with 70 ministers participating nationwide. Over the next five years, the program will allocate an expenditure of 13,000 crores, focusing on grassroots-level welfare for the working class.
What is the Primary Objective of Vishwakarma Yojana?
The Vishwakarma Yojana is an initiative aimed at empowering skilled individuals in traditional craftsmanship. Its primary objective is to provide financial assistance, training, and welfare support to workers in various sectors.
How will the Vishwakarma Yojana benefit traditional workers?
In the first phase, workers will receive a loan of one lakh rupees at a five percent interest rate, followed by two lakh rupees in the second phase. This financial assistance is aimed at cobblers, washermen, carpenters, and others.
How does the scheme support training and development of artisans and laborers?
The Vishwakarma Yojana includes provisions for training artisans and laborers, along with offering a daily stipend of 500 rupees for trainees.
Why is the Vishwakarma Yojana considered significant in the context of upcoming Lok Sabha elections?
The scheme’s comprehensive coverage of 18 different types of work and its focus on grassroots-level welfare are seen as significant factors in the lead-up to the Lok Sabha elections, addressing the needs of a diverse section of the workforce.
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Month: Current Affairs - September, 2023
Category: Government Schemes Current Affairs