On September 17, 2023, the 77th Independence Day, the concept was introduced at the India International Convention and Expo Center in Dwarka, New Delhi, in honor of Vishwakarma Jayanti. The program aims to assist those who work in traditional crafts. This goal is motivated by the desire to maintain the rich legacy and age-old customs through locally made goods, artwork, and crafts, as well as by providing financial support to the artists and craftspeople. This scheme’s main objectives are to improve the quality and marketability of the items produced by the Vishwakarma communities, empower them, and support India’s economic growth.
Here is an overview of PM Vishwakarma Yojana. Check the table below to get details about PM Vishwakarma Yojana.
PM Vishwakarma Yojana Overview | |
Name of Scheme | Pradhan Mantri Vishwakarma Yojana 2024 |
Benefits | Pan Vishwakarma community |
Apply Mode | Online/ Offline |
Appling Last Date | NA |
Objective | Providing loans for free skill training and employment |
Who can apply | All the craftsmen or artisans of the country |
Budget | Budget provision of Rs 13000 crore |
Department | Ministry of Micro, Small & Medium Enterprises |
Official Website | pmvishwakarma.gov.in |
Many castes continue to be excluded from the government’s different economic assistance programs and are also undertrained in their respective fields of employment. The primary goal of the Pradhan Mantri Vishwakarma Yojana is to provide self-reliance and integration into the mainstream of development for the Vishwakarma community in India, who toil diligently with their hands and tools. It also attempts to give them financing to launch their enterprises at extremely low-interest rates.
Through this program, the government offers financial support to all these skilled artisans from castes who lack the resources to pursue further education. The program would help the government’s attempts to reduce poverty by supporting artists and craftspeople in both rural and urban parts of India.
The program has several components, including incentives for electronic purchases, credit advice, training materials, and recognition. For more advantages of the PM Vishwakarma Yojana, see the list below.
The goal of the program is to raise the caliber and accessibility of products and services offered by artists and craftspeople. It also seeks to facilitate its entry into regional and international value chains by offering toolkit distribution, skill development training, extending market reach through digital platforms, and permitting trade show participation. The Program includes craftspeople and artists working in 18 different trades.
The Scheme envisages provisioning of the following benefits to the artisans and craftspersons:
In addition to the above-mentioned benefits, the Scheme will onboard the beneficiaries on the Udyam Assist Platform as ‘entrepreneurs’ in the formal MSME ecosystem.
It’s crucial to know which kinds of craftsmen and artisans are qualified to apply for loans under this plan at fair interest rates before deciding to apply and utilize it. Through the specification of particular parameters like age, employment, prior loan history, household restrictions, and exclusions, people can evaluate their eligibility and ascertain whether they meet the requirements to take part in the program. See the comprehensive eligibility requirements below.
Candidates can check the documents required to apply for PM Vishwakarma Yojana. Check the documents provided below:
The online application method must be followed if you wish to apply for the Pradhan Mantri Vishwakarma Yojana and no official deadline has been established. Below is a step-by-step explanation of the procedure:
PM Narendra Modi started this scheme. Under this scheme, the beneficiary is given education to start employment, along with this, an assistance amount of Rs 500 per day is given during education and Rs 15000 is given for taking toolkit.
PM Vishwakarma Yojana: While on one hand many old schemes have been improved and implemented by the government, on the other hand many flaws have also been introduced in the country.
Applicants who are looking for PM Vishwakarma Yojana Application Status 2024 can directly check their status by clicking on https://pmvishwakarma.gov.in. Applicants must have their mobile number which is linked to this scheme.
PM Vishwakarma Yojana (also known as PM Vishwakarma Kaushal Samman) provides easy access to collateral free loan up to Rs 3 lakh at an interest rate of 5% per annum for 4 years.
Therefore, the Ministry of Labor and Planning, Government of India, started the Vishwakarma National Award Scheme (earlier called Shram Veer National Award) in 1965 with the objective of rewarding and appreciating the efforts of workers of industrial undertakings at the national level.
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