PM Vishwakarma scheme

Why in News?

Under PM Vishwakarma scheme, capacity-building support is provided to artisans and craftspeople through basic skill training and advanced training with stipend support.

• Aim – It is a central sector scheme to support traditional artisans and craftspeople (Vishwakarmas) of rural and urban India.
• Launched in – 2023.
• Duration – 5 years (FY 2023-24 to FY 2027-28).
• Nodal Ministry – Ministry of Micro, Small & Medium Enterprises.
• Target Group - Covers 18 trades including carpenters, potters, blacksmiths, goldsmiths, tailors, barbers, and sculptors.
• Implementing Agency - The scheme is conjointly implemented by the following Ministries/Departments:
  • Ministry of Micro, Small and Medium Enterprises (MoMSME).
  • Ministry of Skill Development and Entrepreneurship (MSDE).
  • Department of Financial Services (DFS), Ministry of Finance (MoF).
• Benefits- Recognition - PM Vishwakarma Certificate and ID Card.
• Skill Training- 5-7 days of basic training and 15+ days of advanced training with a stipend of Rs.500/day.
• Tool Kit Incentive - A grant of Rs.15,000 for modern tools.
• Credit Support - Collateral-free loans up to Rs.1 Lakh (first tranche) and up to Rs.2 Lakh (second tranche) at a concessional 5% interest rate.
• Marketing Support - Assistance with branding and platform access.
• Eligibility- Must be a traditional artisan (18+ age) working in the unorganized sector, using hand tools, and not have availed similar loans in the last 5 years.
• Exclusions - A person in government service and their family members shall not be eligible.
• Registration - Free registration is available through Common Services Centres (CSCs) using Aadhaar-based biometrics.

Quick facts

Reference

PIB | PM Vishwakarma Support Women Artisans and Entrepreneurs