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Public-sector banks concerned over rejection rate in PM Vishwakarma scheme
The restrictions make individuals ineligible if they had taken government loans in past five years
 "Several public sector banks are hiring apprentices for the first time through their apprenticeship programmes to improve customer relations in semi-urban and rural areas, amid a gradual decline in the workforce over the years.")
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Public-sector banks (PSBs) have raised concerns regarding specific restrictions in the PM Vishwakarma scheme that make
individuals ineligible if they had taken government loans in the past five years, such as under the Prime Minister’s Employment Generation Programme (PMEGP).
This restriction has resulted in a rejection rate of nearly 13-14 per cent, according to a senior government official.
“The rejection rate in PM Vishwakarma is primarily due to disqualifications stemming from previous loans. Additionally, applicants with a history of non-performing assets (NPAs) are also facing rejections,” the official stated.
Launched by Prime Minister Narendra Modi on September 17, 2023, during Vishwakarma
