PM Vishwakarma Yojana: In India, the central and state governments are running several ambitious schemes to assist every section of society. As part of these efforts, the Government of India launched the Pradhan Mantri Vishwakarma Kaushal Samman Yojana in September 2023. The objective of this scheme is to provide financial stability to traditional artisans and craftsmen, as well as to give their skills a new identity. The scheme provides facilities such as training, financial assistance, and low-interest loans.
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Objective of the Pradhan Mantri Vishwakarma Kaushal Samman Yojana
The main objective of this scheme is to empower those who have been earning their livelihood through traditional crafts for years but were unable to progress due to a lack of resources. The government wants such artisans to become self-reliant with modern technology and better resources.
Who can join this scheme?
The PM Vishwakarma Yojana is specifically designed for artisans engaged in traditional professions. This includes people involved in professions such as toy and doll making, barbers, blacksmiths, stone carvers, sculptors, boat builders, and garland makers. In addition, artisans who make fishing nets, lock makers, masons, washermen, tailors, and shoemakers can also benefit from this scheme.
Loan available under the scheme
The biggest feature of this scheme is that it provides artisans with loan facilities at a very low-interest rate. Beneficiaries joining the scheme receive a loan of up to Rs 1 lakh in the first phase for a period of 18 months. After that, if the beneficiary makes timely payments and wants to expand their business, they can also get an additional loan of up to Rs 2 lakh for 30 months. In this way, a total financial assistance of up to Rs 3 lakh is provided.
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Benefits of training and stipend
Under the PM Vishwakarma Yojana, not only is financial assistance provided, but beneficiaries also receive advanced training related to their work. This training program has been designed keeping in mind modern techniques and market demands. During the training, the government also provides a daily stipend of ₹500 to ensure that the artisans do not face any financial burden while learning.