**Summary:**
This Reserve Bank of India (RBI) circular, reference number FIDD.CO.MSME.BC.No.1006/02.031/2023-24 dated September 13, 2023, informs all Scheduled Commercial Banks (including Small Finance Banks and Regional Rural Banks, excluding Payments Banks), all Primary Urban Cooperative Banks, State Cooperative Banks, District Central Cooperative Banks, and all Non-Banking Financial Companies (excluding housing finance companies) about the Government of India's (GoI) PM Vishwakarma Scheme. The scheme aims to support artisans and craftspeople by enabling them to move up the value chain within their respective trades. A key component of the scheme involves providing credit support to beneficiaries at concessional interest rates, with the GoI providing interest subvention. Eligible lending institutions are directed to refer to the scheme guidelines issued by the Ministry of Micro, Small and Medium Enterprises (MSME) for appropriate action. For further information, contact the Financial Inclusion Development Department, Central Office, 10th Floor, Central Office Building, Shahid Bhagat Singh Marg, P.B.No.10014, Mumbai – 400001. Contact phone numbers are 022-22601000, 91-22-22621011, 22610943, and 22610948. Inquiries can also be sent via email to cgmincfidd@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India.
PM Vishwakarma Scheme: A Government of India scheme to support artisans and craftspeople.
Government of India: The governing body of India.
Ministry of Micro, Small and Medium Enterprises: The ministry responsible for the PM Vishwakarma Scheme guidelines.
All Scheduled Commercial Banks: Refers to all commercial banks that are included in the Second Schedule to the Reserve Bank of India Act, 1934.
Small Finance Banks: A type of bank in India that caters to the financial needs of small businesses, marginal farmers, and other unorganized sectors.
Regional Rural Banks: Banks in India established to serve the rural population.
Mumbai, Maharashtra: City in India, location of the Central Office Building of the Reserve Bank of India.
भारतीय �रज़व� ब�क
_________________________RESERVE BANK OF INDIA____________________________
www.rbi.org.in
RBI/2023-24/61
FIDD.CO.MSME.BC.No.10/06.02.031/2023-24 September 13, 2023
The Chairman/ Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(including Small Finance Banks and Regional Rural Banks, excluding Payments Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks
/ District Central Co-operative Banks
All Non-Banking Financial Companies (excluding housing finance companies)
Madam / Dear Sir,
PM Vishwakarma Scheme
Government of India (GoI) has introduced the ‘PM Vishwakarma Scheme’ which aims to provide
support to artisans and craftspeople to enable them to move up the value chain in their respective
trades. The Scheme envisages, among other measures, credit support to the beneficiaries at
concessional interest rate, with interest subvention support by GoI.
2. In this regard, eligible lending institutions may refer to the Scheme guidelines issued by the
Ministry of Micro, Small and Medium Enterprises, for appropriate action.
Yours faithfully,
(Nisha Nambiar)
Chief General Manager
__________________________________________________________________________
िवत् तीय समावेशन और िवकास िवभाग, के�ीय काया�लय, 10 वी मंिजल, क�द्रीय काया�लय भवन, शहीद भगतिसंह माग�, पो� बॉ� सं. 10014, मुंबई -400001
Financial Inclusion & Development Dept., Central Office,10th Floor, Central Office Building Shahid Bhagat Singh Marg, P.B.No.10014, Mumbai-1
टेली Tel:022-22601000 फै�ः 91-22-22621011/22610943/22610948 ई -मेल : cgmincfidd@rbi.org.in
िहंदी आसान है, इसका प्रयोग बढ़ाइए।