The Government of India is running many welfare schemes for people of every section,and Pradhan Mantri Vishwakarma Yojana (PM Vishwakarma Yojana) is one of those unique initiatives. The main objective of this scheme is to make the traditional artisans and craftsmen of the country self-reliant.
Under this,a loan of up to ₹ 3 lakh is made available to them at a nominal interest rate of just 5%,and the most important thing is that the beneficiaries do not need to mortgage anything for this loan! So let’s know about this great scheme in detail and understand how it can give new flight to your skills.
Know when and how to apply
Under the Vishwakarma Yojana,the government provides a loan of up to ₹ 3 lakh to artisans and craftsmen in two different installments. In the first phase,a loan of ₹ 1 lakh is given,and in the second phase a loan of ₹ 2 lakh is available. The first phase loan can be repaid in 18 months,while the second phase loan is given 30 months to repay. These easy repayment terms help the artisans to focus on their work without any financial burden.
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Financial assistance of ₹15,000 and stipend during training
After joining this scheme,the beneficiary is first given a few days of training. During this training period,the beneficiary is also given a stipend of ₹500 per day,so that their daily needs can be met during training. Apart from this,there is also a provision of incentives in the scheme,which will motivate the artisans to perform even better.
Financial assistance of ₹ 15,000 to buy the toolkit
The beneficiaries participating in this scheme are also provided financial assistance of ₹ 15,000,so that they can buy the modern toolkit required for their work. This assistance helps the artisans to replace their old and worn out tools and get new,more efficient tools,thereby increasing both their productivity and income. Let us tell you that this scheme is being run by the Ministry of Micro,Small,and Medium Enterprises (MSME).
Who can avail of the benefits of this scheme
This scheme includes artisans and craftsmen of 18 traditional occupations who work with their hands and tools. These mainly include carpenters,boat builders,blacksmiths,hammer and tool makers,goldsmiths,potters,stone craftsmen,leather artisans,masons,carpet,broom and basket makers,washermen,tailors,fishing net makers,etc. If you are involved in any of these traditional businesses,then this scheme is a golden opportunity for you.
Easy way to join the scheme
To join this scheme,you have to visit the official website https:///pmvishwakarma.gov.in/. After this,you have to create your ID by going to the login and clicking on Applicant Login. Then you can apply easily. On the website,you will get more detailed information related to the scheme,which will make it easier for you to understand the application process.
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