PM Vishwakarma Yojana: Today, our nation is filled with many artisans and craftsmen who add value to society through their creativity and skills. The government has introduced various initiatives to support them and enhance their quality of life. One such initiative is the Pradhan Mantri Vishwakarma Yojana 2025, which focuses on providing financial aid and skill development for our traditional craftsmen and artisans.
Through this initiative, beneficiaries are given a toolkit incentive of Rs 15,000 to buy the essential tools for their trade. This program not only offers financial support but also equips artisans with training in modern technologies, helping them improve their skills and expand their businesses. The Pradhan Mantri Vishwakarma Yojana is especially advantageous for those involved in traditional handicrafts and individuals from economically disadvantaged backgrounds.
What is PM Vishwakarma Yojana?
The Pradhan Mantri Vishwakarma Yojana is a well-rounded initiative that grants traditional artisans and craftspeople the recognition they deserve, along with financial support and skill enhancement. As part of this program, the government issues artisans a certificate and ID card, acknowledging their work.
The main goal of the scheme is to evaluate artisans’ skills, offer both basic and advanced training, and supply them with essential toolkits. Artisans receive a toolkit incentive of Rs 15,000, which assists them in acquiring modern tools for their workshop or business. Moreover, they are provided with a daily stipend of Rs 500 during their training, which helps improve their financial circumstances.
Additionally, the scheme offers beneficiaries unsecured loans of up to Rs 3 lakh at a 5% interest rate. The first phase includes a Rs 1 lakh loan, which is repayable over 18 months, while the second phase offers a Rs 2 lakh loan, repayable over 30 months. These flexible loans are designed to help artisans launch and grow their businesses. To promote digital transactions, an incentive of Rs 1 is also provided for each digital transaction, up to 100 transactions.
Key Benefits of PM Vishwakarma Yojana
This initiative comes with a bunch of perks aimed at enhancing the lives of artisans. To start, it offers skills training. The basic training spans 5-7 days, while the advanced version takes about 15 days. During this training period, artisans earn a daily wage of Rs 500, which helps them achieve financial independence.
Next up, there’s a toolkit incentive of Rs 15,000 that enables artisans to buy modern tools and grow their businesses. On top of that, they can access low-interest loans of up to Rs 3 lakh, which are super useful for starting or expanding their ventures. The best part? These loans are available without any collateral, making it easier for artisans to get the funds they need.
Moreover, artisans can benefit from digital transactions, earning Rs 1 for each transaction, up to 100 transactions. This also encourages the use of digital payments. With legal and market support, artisans can showcase their products in both national and international markets, helping them attract new customers and boost their business success.
Eligibility
1. There are specific eligibility criteria to apply for the PM Vishwakarma Yojana. Applicants must be Indian citizens. Individuals engaged in traditional handicrafts or crafts, such as carpenters, blacksmiths, goldsmiths, cobblers, potters, and any of the 18 other traditional crafts, can apply for this scheme.
2. The age limit should be between 18 and 60 years. Applicants must not have availed of any government loan schemes in the last five years. Government employees and their family members are not eligible for this scheme. Only one member per family can benefit from this scheme.
3. Applicants must submit required documents such as an Aadhaar card, caste certificate, and residence certificate. In addition, other information regarding the business’s location and workmanship is also required during the application.
