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Now Artisans too can avail MSME loans: D. Chandrasekhar,ADC, Ministry of MSME, Govt of India

The PM Vishwakarma Kaushal Samman Scheme is expected to revive the rich Indian craft traditions and encourage the artisans to enrich the heritage said

D. Chandrasekhar, Addl Development Commissioner, Ministry of MSME, Govt of India.

He was the chief guest at the Inauguration of the three-day Industrial & Engg Expo (Indexpo), supported by the MSME Ministry, Government of India with a focus on the future of manufacturing. The expo is currently underway till this Sunday.

Organised by Indore Infoline, it is their 7th edition.

It is supported by the MSME Ministry, NSIC Cherlapally Industries Association and other trade associations.

Speaking further the official said the PM Vishwakarma scheme aimed to provide credit to artisans and craftspeople is set to be launched by Prime Minister Narendra Modi on the occasion of Vishwakarma Jayanti on September 17. It will be launched in Hyderabad and Warangal in Telangana, he said.

The scheme will extend loans of up to Rs 1 lakh to artisans at an incredibly low interest rate of 5%. This interest rate is significantly lower than prevailing market rates, enabling artisans to access credit without the burden of exorbitant interest charges.

Nearly three lakh artisans are said to be benefitted across India. In Telangana, a significant number of artisans are said to benefit in Telangana.

MSME has financed 57 exhibitors out of 100 to exhibit their products in the IndExpo. We plan to support 17 exhibitions every year, D. Chandrasekhar said.

Mr Raj Kumar Agrawal, MD of Indore Infoline, the organizer of the expo said IndExpo allows industry professionals and enthusiasts to explore the latest advancements and trends in the manufacturing industry.

The future of industrial engineering is designing and manufacturing more flexible, connected, and adaptable machines, said Mr Raj Kumar Agrawal.

The Indexpo aims to bring together leading players, manufacturers, suppliers’ experts, and innovators from the industrial manufacturing and service sector under one roof.

The event is set to be a hub of knowledge-sharing, networking, and business growth.

100 Exhibitors are showcasing 20,000+ Products like Hand Tools, Machine Tools, Robotics, industrial automation, solar power plants, electricals and electronics, safety products and many other industry-specific products said Rajkumar Agrawal, Managing Director, Indore Infoline Pvt Ltd.


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