PM Vishwakarma Yojana: Eligibility, Benefits, and Registration

PM Vishwakarma Yojana

The PM Vishwakarma Yojana is a new scheme launched by the Indian government in 2023 to support traditional artisans and craftsmen. The scheme is named after Vishwakarma, the Hindu god of crafts and artisans. The PM Vishwakarma Yojana is a great opportunity for traditional artisans and craftsmen to improve their skills, access finance, and market their products and services.

By taking advantage of the benefits offered by the scheme, beneficiaries can start or expand their businesses, increase their income, and create jobs. The PM Vishwakarma Yojana is a welcome step by the government to support traditional artisans and craftsmen. The scheme will help them to improve their skills, access finance, and market their products and services. This will lead to increased income and employment opportunities for traditional artisans and craftsmen, and help to preserve and promote India’s rich cultural heritage.

Benefits of PM Vishwakarma Yojana

The PM Vishwakarma Yojana offers a range of benefits to eligible beneficiaries, including:

Benefits for Traditional Artisans and Craftsmen

• Recognition: Beneficiaries will receive a Vishwakarma Certificate and ID Card.
• Skill Development: Beneficiaries will undergo skill verification followed by 5-7 days (40 hours) of basic training. They can also enrol for 15 days (120 hours) of advanced training if they wish. Trainees will receive a stipend of Rs. 500 per day.
• Tool Kit Incentive: Beneficiaries will receive a grant of Rs. 15,000 to purchase tools.
• Credit Support: Beneficiaries can avail collateral-free Enterprise Development Loans of up to Rs. 1 lakh (First Tranche for 18 months repayment) and Rs. 2 lakh (Second Tranche for 30 months repayment). Loans will be provided at a concessional interest rate of 5%. The Ministry of MSME will provide an interest subvention cap of 8%. The Government of India will bear the credit guarantee fees.
• Incentive for Digital Transaction: Beneficiaries will receive Rs. 1 per digital transaction for up to 100 transactions per month.
• Marketing Support: The National Committee for Marketing (NCM) will provide services such as quality certification, branding and promotion, e-commerce linkage, trade fair advertising, publicity, and other marketing activities.
• Skill training: Beneficiaries will receive skill training to improve their skills and knowledge in their respective crafts.
• Market support: The government will provide marketing support to help beneficiaries sell their products and services.

Here are some specific ways that beneficiaries can make money from the PM Vishwakarma Yojana:

• Start a new business: Beneficiaries can use the collateral-free loan to start a new business in their chosen craft. For example, a carpenter can start a business making and selling furniture. A potter can start a business making and selling pottery.
• Expand an existing business: Beneficiaries can use the collateral-free loan to expand their existing business. For example, a blacksmith can use the loan to buy new tools and equipment, or to hire more workers. A weaver can use the loan to buy more raw materials or to invest in new technologies.
• Improve the quality of products and services: Beneficiaries can use the skill training and tool kits to improve the quality of their products and services. This will make their products and services more attractive to customers, and can lead to increased sales and profits.
• Market products and services more effectively: Beneficiaries can use the marketing support provided by the government to market their products and services more effectively. This will help them to reach more customers and increase sales.

The PM Vishwakarma Yojana is open to all traditional artisans and craftsmen who are Indian citizens and above the age of 18. Beneficiaries must also be engaged in one of the 18 traditional crafts that are covered under the scheme.

Eligibility for the PM Vishwakarma Yojana

To be eligible for the PM Vishwakarma Yojana, beneficiaries must meet the following criteria:

• Be an Indian citizen.
• Be above the age of 18.
• Be engaged in one of the 18 traditional crafts that are covered under the scheme.
• Have a family annual income of less than Rs. 8 lakh.

Registration for the PM Vishwakarma Yojana

To register for the PM Vishwakarma Yojana, beneficiaries can visit the official website of the scheme or visit their nearest District Industries Centre (DIC).

The registration process is simple and straightforward. Beneficiaries will need to provide basic information such as their name, age, address, and contact details. They will also need to provide information about their craft and their business plans.

Once registered, beneficiaries will be assessed to determine their eligibility for the scheme. If found eligible, beneficiaries will be able to avail the benefits of the scheme.