PM Vishwakarma & MSME Flashcards
PM Vishwakarma was launched in? for how many years?
2023
For 5 years, till 2028
Aim of PM Vishwakarma is to:
1. improve quality of life
2. improve reach of products
3. ensure domestic & global value chain integration of artisans.
Which of the above are correct?
All 3
Who implements PM Vishwakarma?
- MoMSME
- Ministry of Skill Development & Entrepreneurship
- Ministry of Finance, Department of Fin Services
Components of PM Vishwakarma?
- Recognition through cerification and IDs
- Skill Upgradation
- Toolkit incentive
- Easy Credit Support
- Incentive for Digital transaction
- Marketing Support & Branding
R-STEIM
How many trades are supported in PM Vishwakarma?
18 trades
Total outlay of PM Vishwakarma?
Rs. 13,000 crore
Trances of credit support the vishwakarma’s will receive are? and the concessional rate of interest for that will be?
1st tranche - 1 lakh
2nd tranche - 2 lakh
Interest 5%
18 months & 30 months - security free loan
Toolkit incentive provided to VISHWAKARMAS?
Rs. 15,000
Time period of training provided in PM VIshwakarma?
Basic Training -> 5-7 days
Adv Training (optional) -> 15 days
Stipend provided during training in PM Vishwakarma?
Rs. 500 / day
Credit Guarantee Scheme for Micro & Small Enterprises (CGSMSE) changed ceiling limit for guarantee coverage?
increased from Rs. 2 crore - Rs. 5 crore
Credit Guarantee Scheme for Micro & Small Enterprises (CGSMSE) changed its rate ofannual guarantee fees?
Reduced from 0.75% to 0.35%
Credit Guarantee Scheme for Micro & Small Enterprises (CGSMSE) changed it’s threshold limit from?
inc from Rs. 5 lakh to Rs. 10 lakh
For waiver of legal action
Full form of SFURTI?
Scheme of Fund for Regeneration of Traditional Industries
SFuRTI was launched in?
2005
This Scheme aims to organise traditional artists into collective clusters for product development and diversification through value addition and to promote traditional sector
SFuRTI
Full form of ASPIRE?
A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship
What are the 2 components of ASPIRE?
- Livelihood Based Incubator - skilling of unemployed/self-employed
- Aspire Fund of Funds - by SEBI (1988)