The PM Vishwakarma scheme is a testament to the government's dedication to the welfare of skilled professionals, affirming its commitment to the principles of 'Aatmanirbhar Bharat' and 'Skill India.' By extending accessible financial aid and promoting entrepreneurship among the artisans and craftspeople, this scheme is poised to create a thriving ecosystem that celebrates and preserves India's diverse artistic traditions while fostering economic growth at the grassroots level.
This government personal loan scheme aims to enable artisans to sustain their traditional crafts and explore avenues for expansion and modernisation, thereby contributing to the nation's economic development. Understanding the PM Vishwakarma Scheme is crucial for artisans, craftspeople, aspiring entrepreneurs, and policymakers to ensure its positive impact on the socio-economic fabric of India.
Overview of the scheme
The PM Vishwakarma Scheme is an initiative by the Indian government to provide crucial financial support to artisans, skilled professionals, and entrepreneurs involved in traditional crafts and artistic endeavours. This govt loan scheme 2023 encompasses several critical features designed to facilitate the growth and development of this vital sector.
Some of the primary components of the scheme include:
#• Recognition of all Indian artists and craftspeople as Vishwakarma and providing commercial advantages to them
#• Periodic training in business and industry-related skills to enhance effectiveness
#• Modernisation of manufacturing equipment for improved efficiency, productivity, and product quality
#• Provision of collateral-free, low-interest loans and interest rate rebates to beneficiaries
#• Digital empowerment through education and digital transactions
#• Promotion of Vishwakarma's goods and increased sales through market involvement
Vishwakarma scheme eligibility criteria
Below are the eligibility criteria for the PM Vishwakarma Scheme:
#1. Must be an Indian citizen engaged in traditional crafts, such as pottery, weaving, woodwork, metalwork, and other forms of indigenous artistry
#2. Have a valid Aadhaar card and a bank account
#3. Age must be between 18 and 35 years
#4. Completed at least six months of training in their respective field
#5. Must not have defaulted on previous loans or government schemes
# 6. A viable business plan for the loan amount they are applying for
Trades covered under the Vishwakarma Yojana
Here are the trades covered under this scheme:
1. Wood-based trades: Carpenters and boatmakers.
2. Iron/metal-based/stone-based trades: Armourers, blacksmiths (Lohar), hammer and tool kit makers, locksmiths, sculptors and stone breakers
3. Gold/silver-based trades: Goldsmiths
4. Clay-based trades: Potters
5. Leather-based trades: Cobblers and shoesmiths/footwear artisans
6. Architecture/construction trades: Masons
7. Other trades: Doll and toy makers, barbers, garland makers, washers, tailors, and fishing net makers
Documents required
Below are the documents required to avail of the PM Vishwakarma Scheme:
#1. Aadhar card
#2. Voter ID card
#3. PAN card
#4. Domicile certificate
#5. Email ID
#6. Passport size colour photograph
#7. Work-related documents
#8. Bank account details
#9. Income certificate
#10. Caste certificate
Application process of PM Vishwakarma Scheme
To apply online for PM Vishwakarma Yojana, follow these steps:
#1. Go to the official website of PM Vishwakarma Scheme.
#2. Create an account if you're a new user or log in using your existing credentials.
#3. Complete the online application form by providing your personal information and contact details.
#4. Choose the relevant skill development program or course you wish to apply for.
#5. Upload the necessary documents per the specified requirements, including proof of identity and educational certificates.
#6. Review and edit your application for any errors or missing information.
#7. Finally, submit the application form online.
Key features of the PM Vishwakarma Scheme
Here are the key features of the PM Vishwakarma scheme:
#1. Budget allocation: In the 2023-2024 budget address, Finance Minister Nirmala Sitharaman allocated a substantial sum of Rs.13,000 crore for the implementation of the PM Vishwakarma Yojana, emphasising the government's commitment to supporting the development of the artisan community.
#2. Direct benefits and diverse community focus: The scheme is tailored to benefit Vishwakarma workers across various communities. Recognising the diverse nature of the Vishwakarma community, the program is designed to cater to the specific needs and challenges faced by artisans from different backgrounds and regions.
#3. Empowerment through practical training: A vital component of the scheme is providing practical training to artisans and craftsmen, particularly in regions such as Kargil. This training initiative aims to equip them with the necessary skills and knowledge to enhance their craftsmanship, modernise their techniques, and effectively navigate the evolving market demands.
#4. Facilitation of loans: The government's provision of loans ranging from Rs.1,000,000 to Rs.2,000,000, with a contribution of 5% to these loans, serves as a significant financial boost for artisans. This financial aid is instrumental in supporting their businesses, facilitating the acquisition of modern tools and equipment, and promoting overall growth and sustainability within the sector.
#5. Employment generation and financial stability: By focusing on creating employment opportunities within the community, the PM Vishwakarma Yojana aims to stimulate economic activity, improve livelihoods, and enhance the financial stability of Vishwakarma workers and their families, thereby fostering a more sustainable and inclusive socio-economic environment.
#6. Inclusivity and reach: The comprehensive nature of the scheme ensures that a significant portion of Vishwakarma workers, including millions of traditional tool-using craftsmen and traditional artists, can benefit from the program. Furthermore, the scheme's outreach extends to Scheduled Castes, Scheduled Tribes, OBCs, women, tribals, and other marginalised and disadvantaged groups, promoting inclusivity and equal access to the benefits for all eligible beneficiaries.
Parting words
The PM Vishwakarma Scheme is a significant step towards promoting the growth and development of traditional artisans and craftspeople in India. The scheme's focus on providing financial aid, training, and modernisation support will boost the economy and preserve India's rich artistic traditions.
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05 February 2024
5 mins read
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