PM Modi to Launch PM Vishwakarma Yojana on September 17
On the occasion of Vishwakarma Jayanti, which falls on September 17. Prime Minister Narendra Modi is set to launch the PM Vishwakarma Yojana. This scheme was announced in the Union Budget 2023-24 by the Central Government.
Significant Budget Allocation
The PM Vishwakarma Yojana has been allocated an impressive budget, spanning from the financial year 2023-24 to 2027-28, with a total outlay of ₹13,000 crore. The aim of this scheme is to enhance the skills of skilled workers and artisans. It will benefit 18 different categories of workers hailing from backward castes. These categories include carpenters, ironsmiths, goldsmith workers, artisans, sculptors, cobblers, masons, washermen, tailors and more.
Incentives for Beneficiaries
Under this scheme, beneficiaries will receive a toolkit incentive of ₹15,000 as per the Ministry of Finance. Additionally, beneficiaries will be provided with foundational skill training at ₹500 per day stipend.
Strengthening Traditional Skills
The key focus of PM Vishwakarma Yojana is to strengthen and nurture the practice of traditional skills, often passed down through generations. It strives to boost families’ livelihoods rooted in traditional craftsmanship and ensure their integration into the domestic and global value chains.
Eligible Beneficiaries of PM Vishwakarma Yojana
The beneficiaries of this scheme include a wide range of skilled workers and craftsmen. The eligible professions encompass:
- Blacksmiths
- Goldsmiths
- Carpenters
- Masons
- Washermen
- Tailors
- Cobblers
- Potters
- Sculptors
- Artisans
- Ironsmiths
- Barbers
- Weavers
- Shoemakers
- Basket weavers
- Carpet makers
- Toy makers
- Hammer and toolkit manufacturers
- Fishing net makers
Application and Eligibility Criteria
To avail of the benefits under PM Vishwakarma Yojana:
Applicants must be 18 years of age or older.
Required documents
- Aadhar card,
- Identity proof,
- residence proof,
- mobile number,
- caste certificate,
- bank account passbook.
Registration for the scheme will be facilitated through common service centers, and beneficiaries will receive PM Vishwakarma certificates and ID cards.
How can be apply
- Visit PM Vishwakarma Yojna Official portal https://pmvishwakarma.gov.in/
- Register using mobile number and Aadhar number
- Verify your mobile number Mobile number and Aadhar OTP Authentication
- Fill up the registration form by giving all the needed details
- Submit your registration form
- Download your PM Vishwakarma Digital ID and Certificate
- Apply for the scheme
- Benefits of the PM Vishwakarma Yojana
Benefits of PM Vishwakarma Yojana
The PM Vishwakarma Yojana offers a range of benefits to empower skilled artisans and craftsmen:
1. Affordable Loans: In the first phase, beneficiaries can avail of loans up to Rs. 1,00,000 at a minimal interest rate of 5%. In the second phase, this loan limit is extended to Rs. 2,00,000, still at a favorable 5% interest rate.
2. Skill Enhancement: The scheme provides comprehensive skill training to participants, helping them refine their craft and improve their employability.
3. Financial Support During Training: During the training period, beneficiaries are entitled to a stipend of Rs. 500 per day, easing their financial burden as they enhance their skills.
4. Advance Toolkit: A financial boost of Rs. 15,000 is provided to purchase an advanced toolkit, ensuring artisans have the necessary equipment to excel in their respective trades.
5. Official Recognition: Beneficiaries are granted the prestigious PM Vishwakarma Certificate and Identity Card, acknowledging their expertise and participation in the scheme.
6. Flexible Loan Tenure: The first-phase loan comes with an 18-month tenure, while the second-phase loan offers an extended tenure of 30 months, ensuring manageable repayment options.
7. Digital Transaction Incentive: To promote digital transactions, beneficiaries receive an incentive of Rs. 1 for each digital transaction, further encouraging cashless transactions and financial inclusion.
