In a significant stride towards uplifting traditional craftsmen and artisans, the PM Vishwakarma Yojana has been unveiled. This visionary initiative is designed to extend a series of benefits to these skilled individuals, fostering their growth and preserving their invaluable crafts.
The scheme is set to roll out on September 17, 2023, aligning with the birthday of Prime Minister Shri Narendra Modi and the auspicious occasion of Vishwakarma Jayanti.
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Key Features of PM Vishwakarma Yojana:
Under this transformative program, traditional craftsmen and artisans will experience a range of advantages, supporting their journey towards prosperity:
1. Financial Assistance:
In the initial phase, beneficiaries can access loans of up to Rs. 1 lakh at an attractive interest rate of 5 percent. In the subsequent phase, the loan limit increases to Rs. 2 lakh, still carrying the favorable 5 percent interest rate.
2. Skill Enhancement:
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The scheme prioritizes the growth of beneficiaries’ skills, offering comprehensive skill training programs. During the duration of skill training, selected individuals will receive a stipend of Rs. 500 per day, further easing their pursuit of knowledge.
3. Modern Tools:
To aid in the adoption of advanced techniques, craftsmen and artisans will receive a grant of Rs. 15,000 for the procurement of cutting-edge tools.
4. Official Recognition:
Beneficiaries will be awarded the prestigious PM Vishwakarma Certificate and an Identity Card, acknowledging their participation in the program.
PM Vishwakarma Yojana Eligibility and Scope:
The PM Vishwakarma Yojana extends its support to a diverse array of traditional occupations, encompassing 18 distinct trades. Craftsmen and artisans hailing from more than 164 castes and 30 lakh families will be eligible to partake in this initiative.
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Encompassed Traditional Businesses:
This pioneering scheme encompasses an array of time-honored vocations, recognizing their worth and contribution to our cultural heritage:
- Boat Makers
- Weapon Makers (Armourers)
- Hammer and Toolkit Makers
- Masons (Raj Mistri)
- Craftsmen of Baskets, Mats, and Brooms
- Doll and Toy Makers
- Garland Makers (Malakar)
- Fish Net Makers
Application and Implementation:
The official guidelines for applying to the PM Vishwakarma Yojana are yet to be disclosed. However, the scheme is poised to launch on September 17, 2023, with a budgetary provision of 13,000 crore rupees.
Required Documentation to Access PM Vishwakarma Yojana Benefits
To take advantage of the various benefits provided by the PM Vishwakarma Yojana, you will need to submit the following essential documents:
- Aadhar card
- Voter ID card
- Work-related documents
- Mobile number
- Bank account details
- Income certificate
- Caste certificate (if applicable)
Path to Achieving Profitable Gains
During her Budget speech for the fiscal year 2023-2024, the Finance Minister of India, Smt. Nirmala Sitharaman, introduced the PM Vishwakarma Yojana. This scheme, recognized as PM Vishwakarma Kaushal Samman Yojana, received the Union Cabinet’s approval on August 16, 2023.
Implementation and Launch Date
The official launch of the PM Vishwakarma Yojana is set for September 17, 2023, coinciding with the auspicious occasion of Vishwakarma Jayanti. However, the government has yet to release the official guidelines and application process for the scheme.
Awaiting Application Guidelines
Currently, comprehensive information about how beneficiaries can apply for and access the advantages of the PM Vishwakarma Yojana remains undisclosed. The specific application procedure is yet to be clarified.
Rest assured, as soon as more comprehensive details about the PM Vishwakarma Yojana become available, we will promptly update this space. Stay connected to acquire the latest insights into this transformative scheme.
With the launch of PM Vishwakarma Yojana, India is making a resolute commitment to empower its traditional craftsmen and artisans, offering them opportunities for financial growth, skill advancement, and official recognition.
As the scheme commences on September 17, 2023, a new chapter unfolds for these invaluable contributors to our cultural heritage, shaping their journey towards a brighter future. Stay tuned for more updates on the application process and continued information about this transformative program.
FAQ :- Pradhan Mantri Vishwakarma Yojana (PMVVY).
What is the PMVVY ?
The PMVVY is a government-funded scheme that aims to provide financial assistance to traditional artisans and craftsmen. The scheme was launched in 2023-24 with a budget of Rs. 10,000 crore.
Who are eligible for the PMVVY?
The PMVVY is open to all traditional artisans and craftsmen who are registered with the government. The artisans must be at least 18 years old and have a valid PAN card.
What is the deadline for applying for the PMVVY?
The deadline for applying for the PMVVY is 31st March 2026.