PM Vishwakarma Yojana: PM Modi launched the Pradhan Mantri Vishwakarma Yojana on September 17, 2023, on the occasion of Vishwakarma Jayanti. The scheme’s primary objective is to empower the country’s artisans and craftspeople economically and technically.
Artisans and craftspeople have played a significant role in India’s cultural and traditional heritage. However, over time, modern technologies and changing market demands have left them competitive, weakening their income and economic status. The government launched this scheme to address this issue.
PM Vishwakarma Yojana Benefits: Benefits available under the scheme
Pradhan Mantri Vishwakarma Yojana provides two types of help to artisans and craftsmen – financial assistance and skill training.
Financial Assistance:
Under the scheme, the government provides beneficiaries with ₹15,000 to purchase toolkits. Additionally, artisans can avail loans of up to ₹3 lakh to expand their businesses. This loan is available in two stages:
- Step 1: Rs 1 lakh to start the business.
- 2nd stage: Rs 2 lakh for business expansion or growth.
Loan Features:
Loans under this scheme are very easy and attractive for beneficiaries. The loan interest rate is only 5%, which is significantly lower than other bank loans. This allows artisans and craftspeople to grow their businesses without significant financial stress.
Skill Training and Stipend:
The scheme also provides beneficiaries with 15 days of skill training, during which they receive a daily stipend of ₹500. This not only improves their skills but also provides financial support during the training period.
What is PM Vishwakarma Yojana: Objective of the scheme and number of beneficiaries
The Pradhan Mantri Vishwakarma Yojana aims to benefit over 3 million traditional artisans and craftsmen in the country. Through this scheme, the government is helping them remain competitive in the market by connecting them with modern technologies.
PM Vishwakarma Yojana Criteria: Popularity of the scheme
The Pradhan Mantri Vishwakarma Yojana is gaining popularity across the country. Many artisans and craftsmen are taking advantage of it. Low-interest loans, financial assistance, and training make this scheme even more attractive. This government initiative is not only strengthening the livelihoods of artisans but also helping to preserve the cultural heritage of Indian crafts and handicrafts.
Thus, the Pradhan Mantri Vishwakarma Yojana is proving to be a powerful and useful initiative for artisans and craftspeople. This scheme not only provides them financial support but also offers them the opportunity to expand their skills and businesses.
How to apply for PM Vishwakarma Yojana: How to avail the benefits of the scheme?
To benefit from this scheme, interested individuals must apply online through the PM Vishwakarma Portal . If internet access is not available, you can also apply by visiting your nearest Common Service Center (CSC).
Documents required for application
You will need to submit some important documents while applying:
- Aadhar card
- Bank Passbook
- Certificate of your work or profession
Application Process
After applying, your eligibility will be verified by officials. If found eligible, candidates are provided with training and loan facilities.
Objective of the scheme
The primary objective of this scheme is to connect traditional artisans and craftspeople with new technology and modern tools, enabling them to utilize their skills to generate better employment and income. Thousands of people across the country have already joined this scheme and are earning a good income through their skills. This scheme is a major step toward strengthening local industries and improving the living standards of artisans.
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