PM Vishwakarma Yojana: The Pradhan Mantri Vishwakarma Yojana was launched by the central government in September 2023. The government’s intention behind launching this scheme was to increase the income of people associated with traditional professions in the country by connecting them with modern skills, financial assistance, and market opportunities. In the past two years, millions of people have joined this scheme, and a large number of artisans are directly benefiting from it.
📌 Also Read: Big Alert for Air Passengers: Charging Mobile Phones with Power Banks Banned on Flights, DGCA Issues Strict Order
Importance of the training provided under the scheme
Beneficiaries enrolled in this scheme first receive advanced training related to their work. This training is not merely formal; it teaches modern techniques that enable artisans to further enhance their skills. The training aims to ensure that people working in traditional professions can adapt their work to meet the needs of today’s times.
📌 Also Read: Updating Your Mobile Number in Aadhaar card will be Expensive, Know How Much Will have to Pay, Read the Details
Stipend provided during training
The government also ensures that the income of artisans is not affected during the training period. Therefore, beneficiaries receive a daily stipend of Rs. 500 for the entire duration of the training. This amount is transferred directly to the beneficiary’s account, providing them with financial support.
📌 Also Read: NPS-Vatsalya Big Update: ₹1,000 Investment at Birth Can Grow Into ₹4.2 Crore
Financial assistance for toolkits
Under the PM Vishwakarma Yojana, beneficiaries also receive assistance in purchasing the necessary tools for their work. The government provides financial assistance of Rs. 15,000 for buying toolkits, so that artisans can work with better equipment and improve the quality of their production.
📌 Also Read: LIC Special Policy, Save Rs 150 Daily and Get Rs 26 Lakhs, Know the Details
Loan facility at low interest rates
One of the major advantages of this scheme is that beneficiaries also get loans on easy terms. In the first phase, a loan of up to Rs. 1 lakh is provided, which has to be repaid in 18 months. Once this loan is repaid on time, an additional loan of up to Rs. 2 lakh is available in the second phase, which can be repaid in 30 months. This loan is provided at a very low interest rate.
📌 Also Read: These Countries Don't Charge a Single Rupee in Tax on Salaries, See the Full List
Read More- Government to Give ₹10 Lakh for Inter-caste Marriages, Know the Conditions
What are the eligibility criteria for the PM Vishwakarma Yojana?
📌 Also Read: Magh Mela 2026 Begins: Railways Give Big Relief, Trains to Halt at Jhunsi & Rambagh
The benefits of the Pradhan Mantri Vishwakarma Yojana are available only to individuals engaged in traditional trades and who are at least 18 years old. This includes barbers, blacksmiths, masons, washermen, tailors, cobblers, boat builders, toy makers, stone carvers, sculptors, fishing net makers, and other traditional artisans. The scheme aims to provide respect and economic empowerment to these professions.