Prime Minister of India launched PM Vishwakarma Scheme for traditional artisans and craftspeople on occasion of Vishwakarma Jayanti on September 17.
The PMVY is a new government initiative. It is aimed at providing financial and other assistance to traditional artisans and craftspeople in India.
Eligible and interested artisans and crafts people can complete the PM Vishwakarma Registration and get loan up to Rs 2 Lakh at just 5% Interest.
Introduction: Traditional artisans and craftspeople have played a vital role in the Indian economy for centuries.
They produce a wide range of goods, from handmade textiles and pottery to jewelry and metalware. Their products are not only economically important, but they also represent India’s rich cultural heritage.
However, traditional artisans and craftspeople often face a number of challenges, including:
- Lack of access to finance
- Limited skills and training
- Difficulty accessing markets
- Competition from mass-produced goods
PM Vishwakarma Yojana
The PM Vishwakarma Yojana is designed to address these challenges and help traditional artisans and craftspeople thrive. The scheme offers a number of benefits to its beneficiaries.
PM Vishwakarma Scheme
The PM Vishwakarma Scheme is a significant initiative that has the potential to make a positive impact on the lives of millions of traditional artisans and craftspeople in India.
The scheme can help them grow their businesses, improve their livelihoods, and preserve and promote their traditional crafts.
Why is the PM Vishwakarma Scheme important?
- The PM Vishwakarma Scheme is important for a number of reasons.
- First, it provides financial and other assistance to traditional artisans and craftspeople, who often face a number of challenges.
- Second, it helps to preserve and promote India’s rich cultural heritage.
- Third, it can contribute to economic growth by generating employment and boosting the production of traditional crafts.
Objectives of the PM Vishwakarma Yojana
The PM Vishwakarma Yojana has the following objectives:
- To enhance the skills and capabilities of traditional artisans and craftspeople
- To promote and preserve traditional crafts and industries
- To provide financial assistance to traditional artisans and craftspeople to grow their businesses
- To improve the livelihood of traditional artisans and craftspeople.
| Name of the scheme | Vishwakarma Scheme 2023 |
|---|---|
| Title | PM Vishwakarma Yojana 2023 |
| Subject | PM Vishwakarma Scheme 2023 |
| Category | Scheme |
| Launched | 17-09-2023 |
| PMVY Website | https://pmvishwakarma.gov.in/ |
Eligibility for the PM Vishwakarma Yojana
To be eligible for the PM Vishwakarma Yojana, an individual must meet the following criteria:
- The individual must be an Indian citizen.
- The minimum age of the beneficiary should be 18 years on the date of registration.
- The individual must be engaged in a traditional craft or industry.
- The individual must have a valid Vishwakarma card.
Benefits of the PM Vishwakarma Yojana
The PM Vishwakarma Yojana offers a number of benefits to its beneficiaries, including:
- Financial assistance: The scheme provides collateral-free loans of up to Rs. 3 lakh to eligible beneficiaries.
- Skill training: The scheme provides skill training to beneficiaries to help them improve their skills and capabilities.
- Market linkage support: The scheme provides market linkage support to beneficiaries to help them sell their products and services.
- Encouragement for electronic transactions: The scheme encourages beneficiaries to adopt electronic transactions by providing them with incentives.
How to Apply for the PM Vishwakarma Yojana
To apply for the PM Vishwakarma Yojana, eligible individuals can visit the official website of the scheme: www.pmvishwakarma.gov.in and fill out the online application form.
The application form requires the following information:
- Name of the applicant
- Father’s name
- Mother’s name
- Date of birth
- Gender
- Address
- Contact details
- Aadhaar number
- Bank account details
- Details of the traditional craft or industry in which the applicant is engaged
Significance of the PM Vishwakarma Yojana
The PM Vishwakarma Yojana is a significant initiative that has the potential to make a positive impact on the lives of millions of traditional artisans and craftspeople in India.
The PMVY scheme provides them with the financial and other assistance they need to grow their businesses and improve their livelihoods.
How much loan is given under PM Vishwakarma Scheme?
Under this scheme, eligible beneficiaries called ‘Vishwakarmas’ can get registered for free. They’ll use a special website that checks their fingerprints.
After registering, they will get a certificate and ID card. They’ll also receive training and tools to improve their skills, and they will get 15,000 rupees as a bonus.
If they need money to start a business, they can borrow up to 1 lakh rupees (in the first round) or up to 2 lakh rupees (in the second round) without needing to provide collateral. They’ll pay back the loan with a low-interest rate of 5%.
Lastly, they’ll get rewards for using digital transactions and help with marketing their products.
Frequently Asked Questions (FAQs)
What is the PM Vishwakarma Scheme?
The PM Vishwakarma Scheme is a government initiative aimed at providing financial and other assistance to traditional artisans and craftspeople in India.
Who is eligible for the PM Vishwakarma Scheme?
To be eligible for the PM Vishwakarma Scheme, an individual must meet the following criteria:
- Be an Indian citizen
- Be engaged in a traditional craft or industry
- Have a valid Vishwakarma card
What are the benefits of the PM Vishwakarma Scheme?
The PM Vishwakarma Scheme offers a number of benefits to its beneficiaries, including:
- Financial assistance of up to Rs. 3 lakh
- Skill training
- Market linkage support
- Incentives for electronic transactions
What will the PMV scheme provide?
They will be provided recognition through PM Vishwakarma certificate and ID card, skill upgradation involving basic and advanced training, toolkit incentive of ₹15,000, collateral-free credit support up to ₹1 lakh (first tranche) and ₹2 lakh (second tranche) at a concessional interest rate of 5%, incentive for digital transactions and marketing support.
How to apply for the PM Vishwakarma Scheme?
To apply for the PM Vishwakarma Scheme, eligible individuals can visit the official website of the scheme and fill out the online application form.
What is a Vishwakarma card?
A Vishwakarma card is a government-issued identity card for traditional artisans and craftspeople in India. To obtain a Vishwakarma card, individuals can apply through the official website of the scheme.
What are the traditional crafts and industries covered under the PM Vishwakarma Scheme?
The following traditional crafts and industries are covered under the PM Vishwakarma Scheme:
- Carpentry
- Boat making
- Armoury
- Blacksmithing
- Hammer and tool kit making
- Locksmithing
- Goldsmithing
- Pottery
- Sculpture
- Stone breaking
- Cobbling (shoesmith/footwear artisan)
- Masonry (rajmistri)
- Basket/mat/broom maker/coir weaver
- Doll and toy maker (traditional)
- Barber
- Garland maker
- Washermen
- Tailor
- Fishing net maker
What is the interest rate on the loans provided under the PM Vishwakarma Scheme?
The interest rate on the loans provided under the PM Vishwakarma Scheme is 5%.
What is the repayment period for the loans provided under the PM Vishwakarma Scheme?
The repayment period for the loans provided under the PM Vishwakarma Scheme is 3 years.
Is there any collateral required for the loans provided under the PM Vishwakarma Scheme?
No, collateral is not required for the loans provided under the PM Vishwakarma Scheme.
What is the skill training provided under the PM Vishwakarma Scheme?
The skill training provided under the PM Vishwakarma Scheme includes basic and advanced training in the respective traditional craft or industry.
What is the market linkage support provided under the PM Vishwakarma Scheme?
The market linkage support provided under the PM Vishwakarma Scheme includes assistance to beneficiaries to sell their products and services through various channels, such as online marketplaces, trade fairs, and government procurement programs.
What are the incentives provided for electronic transactions under the PM Vishwakarma Scheme?
Beneficiaries of the PM Vishwakarma Scheme are provided with a cash incentive of Rs. 1 per transaction for up to 100 transactions per month.
How will the PM Vishwakarma Scheme benefit traditional artisans and craftspeople?
The PM Vishwakarma Scheme will benefit traditional artisans and craftspeople in a number of ways, including:
- Providing them with the financial assistance they need to grow their businesses
- Helping them improve their skills and capabilities
- Providing them with access to markets
- Encouraging them to adopt digital technologies
How will the PM Vishwakarma Scheme contribute to the Indian economy?
The PM Vishwakarma Scheme is expected to contribute to the Indian economy by:
- Generating employment
- Promoting traditional crafts and industries
- Boosting economic growth
Where can I get more information about the PM Vishwakarma Scheme?
You can learn more about the PM Vishwakarma Scheme by visiting the official website: https://pmvishwakarma.gov.in/ of the scheme or by contacting your local government office.
Conclusion
The PM Vishwakarma Yojana is a welcome step by the government to support traditional artisans and craftspeople in India. The scheme has the potential to make a significant difference in their lives and help them preserve and promote their traditional crafts.