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    Question

    In relation to the PM Vishwakarma Scheme, which of the

    statements below are accurate?  1. Registration and benefits under the Scheme are limited to a single family member. 2. Artisans receive financial aid through the scheme to initiate their own enterprises. 3. Financial assistance to artisans is offered in the form of grants under the scheme. 4. The Ministry of Micro, Small and Medium Enterprises (MSME) is responsible for implementing the scheme. Identify the correct statement using the following options.
    A 1, 2 and 3 Correct Answer Incorrect Answer
    B 2, 3 and 4 Correct Answer Incorrect Answer
    C Only 2 and 3 Correct Answer Incorrect Answer
    D 1, 2 and 4 Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Statement 3 is incorrect. The PM Vishwakarma Scheme provides financial assistance to artisans in the form of loans, not grants. The loans are collateral-free and have a concessional interest rate of 5%.

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