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Current Affairs and GK · 5 questions · about 1 min to read

PM Vishwakarma Yojana

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The passage

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The PM Vishwakarma Yojana, launched on September 17, 2023 — the birth anniversary of Vishwakarma, the deity of craftsmen — is a Central Sector Scheme with a budget of Rs. 13,000 crore over five years (2023–28). The scheme targets traditional artisans and craftspersons working in 18 trades including carpentry, blacksmithing, pottery, weaving, shoe-making, and goldsmithing. It provides beneficiaries with a recognition certificate and ID card, skill training, toolkit support, collateral-free credit at concessional interest rates (up to Rs. 1 lakh in the first tranche and Rs. 2 lakh in the second), digital transaction incentives, and marketing support.

The scheme is intended to strengthen the traditional artisan economy by integrating beneficiaries with the formal financial system and with digital platforms for e-commerce. A key aim is to preserve traditional craft knowledge that is at risk of being lost as younger generations move to non-craft occupations. The scheme uses the Vishwakarma portal for registration and benefit delivery, with Aadhaar-based identification.

  1. Q1. PM Vishwakarma Yojana was launched on September 17, 2023, which is the birth anniversary of:

    1. Swami Vivekananda
    2. Vishwakarma
    3. Maharishi Valmiki
    4. Guru Gobind Singh
    Show answer

    Answer: B. Vishwakarma

    The passage states the scheme was launched on 'the birth anniversary of Vishwakarma, the deity of craftsmen.'

  2. Q2. The PM Vishwakarma scheme targets artisans and craftspersons working in how many trades?

    1. 12
    2. 15
    3. 18
    4. 24
    Show answer

    Answer: C. 18

    The passage states: 'traditional artisans and craftspersons working in 18 trades including carpentry, blacksmithing, pottery, weaving, shoe-making, and goldsmithing.'

  3. Q3. The maximum credit available in the first tranche under PM Vishwakarma is:

    1. Rs. 50,000
    2. Rs. 1 lakh
    3. Rs. 2 lakh
    4. Rs. 5 lakh
    Show answer

    Answer: B. Rs. 1 lakh

    The passage states: 'collateral-free credit at concessional interest rates (up to Rs. 1 lakh in the first tranche and Rs. 2 lakh in the second).'

  4. Q4. The total budget for PM Vishwakarma Yojana over five years (2023–28) is:

    1. Rs. 7,500 crore
    2. Rs. 10,000 crore
    3. Rs. 13,000 crore
    4. Rs. 20,000 crore
    Show answer

    Answer: C. Rs. 13,000 crore

    The passage states: 'a Central Sector Scheme with a budget of Rs. 13,000 crore over five years (2023–28).'

  5. Q5. A ‘Central Sector Scheme,’ as opposed to a Centrally Sponsored Scheme, is one in which:

    1. Both the central and state governments share the funding equally
    2. The scheme is funded entirely from the Central Government’s budget, with no state contribution required
    3. The scheme is implemented by state governments using central funds
    4. The scheme’s benefits are available only in centrally administered Union Territories
    Show answer

    Answer: B. The scheme is funded entirely from the Central Government’s budget, with no state contribution required

    Central Sector Schemes are 100% funded by the Centre and implemented directly by Central Government agencies. Centrally Sponsored Schemes are co-funded by Centre and states. Background GK.

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