PM Vishwakarma Yojana: The central and state governments are running several schemes to support artisans and craftsmen. Artisans and craftsmen will play a significant role in achieving local for vocal growth. The government has also launched a special scheme to help these individuals showcase their skills. If you are an artisan, the government’s PM Vishwakarma Yojana will prove beneficial.
You can earn substantial sums through this scheme. The government also offers loans at low interest rates. By joining this scheme, you can fulfil your dream of becoming self-reliant. How can artisans avail loans up to ₹3 lakh under this scheme? Artisans play a significant role in the modern world, working tirelessly to create amazing things with their hands.
PM Vishwakarma Yojana
The PM Vishwakarma Yojana, run by the central government, is extremely valuable for artisans and craftspeople. The central government also provides training, toolkits, and low-interest loans. You can expand your business by taking a low-interest loan. Furthermore, after completing the training, the government provides a toolkit worth up to ₹15,000.
Most importantly, artisans can purchase tools for their work. After joining this scheme, loans are provided in two phases: ₹1 lakh in the first phase and up to ₹2 lakh in the second phase. The interest rate on loans under this scheme is fixed at 5%. This rate for regular loans ranges from 10 to 12%.
Learn Who Will Benefit
Under the PM Vishwakarma Yojana, artisans and craftspeople from 18 professions will benefit. These include carpenters, goldsmiths, blacksmiths, potters, masons, cobblers, tailors, barbers, weavers, handloom weavers, and basket makers. Other occupations include leather workers, locksmiths, boat makers, stone carvers, and toy and decorative item makers. The government wants artisans to improve their skills to increase their income and provide employment opportunities in other sectors.
Learn how to avail the benefits.
First, you need to apply through the PM Vishwakarma Portal or at your nearest Common Service Centre (CSC).
Required Documents
Aadhaar Card
Bank Passbook
Certificate of Work
After applying, eligibility is verified. Eligible candidates are provided with training and loan facilities.
