Public-sector banks concerned over rejection rate in PM Vishwakarma scheme

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Public-sector banks concerned over rejection rate in PM Vishwakarma scheme - Business Standard

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Additionally, applicants with a history of non-performing assets (NPAs) are also facing rejections,” the official stated.

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.