PM Vishwakarma, a Central Sector Scheme, was released via the Prime Minister on September 20, 2023, to offer quit-to-end assistance to artisans and craftspeople who paint with their fingers and tools.
The Scheme covers Carpenter (Suthar/Badhai), Boat Maker, Armourer, Blacksmith (Lohar), Hammer and Tool Kit Maker, Locksmith, Goldsmith (Sonar), Potter (Kumhaar), Sculptor (Moortikar, stone carver), Stonebreaker, Cobbler (Charmkar), Shoesmith/Footwear artisan, Mason (Rajmistri), Basket/Mat/Broom Maker/Coir Weaver, Doll
Key Features of PMVY
Financial Assistance: The scheme gives artisans financial help for toolkits, raw substances, and talent development training.
Credit Linkage: PMVY helps artisans get admission to credit facilities, allowing them to expand their companies and invest in contemporary equipment.
Market Access: The government is working to create higher market linkages for artisans, helping them sell their merchandise without delay to purchasers and stores.
Skill Upgradation: PMVY presents training packages to help artisans upgrade their capabilities and undertake current techniques.
Digital Literacy: The scheme promotes digital literacy among artisans, allowing them to leverage technology to market and sell their products.
Benefits of PM Vishwakarma Yojana
The scheme envisages provisioning of the following blessings to the artisans and craftspersons:
Credit Support: Collateral loose ‘Enterprise Development Loans’ of up to Rs. 3 lakh in tranches of Rs. 1 lakh and Rs. 2 lakh with tenures of 18 months and 30 months, respectively, at a concessional charge of hobby constant at 5%, with Government of India subvention to the extent of 8%. Beneficiaries who have completed Basic Training might be eligible to avail of the first tranche of credit aid of up to Rs. 1 lakh. The second loan tranche might be to be had to beneficiaries who have availed of the first tranche and maintained a preferred loan account and feature-followed virtual transactions in their business or have gone through Advanced Training.
Incentive for Digital Transaction: An amount of Re. 1 consistent with digital transactions, up to most a hundred transactions monthly, could be credited to the beneficiary’s account for each virtual payout or receipt.
Marketing Support: A marketing guide can be furnished to the artisans and craftspeople in the shape of excellent certification, branding, and onboarding on e-trade platforms, which includes GeM, advertising, exposure, and other advertising sports to enhance linkage to the value chain.
PM Vishwakarma Yojana Eligibility Criteria
To be eligible for PMVY, artisans should meet the following standards:
- Belonging to a traditional craft or career identified by way of the government.
- Have legitimate caste or tribe certificates (if applicable).
- Have annual household profits beneath the desired threshold.
- Have a valid Aadhaar card.
PM Vishwakarma Yojana Application Process
The application system for PMVY is fairly easy. Interested artisans can follow online or via distinctive authorities workplaces. The software form generally requires information about the artisan’s skills, experience, and commercial enterprise.
Conclusion
The Pradhan Mantri Vishwakarma Yojana is a tremendous step toward empowering traditional artisans and preserving India’s rich heritage. By providing economic assistance, marketplace entry, and ability development possibilities, the scheme targets to create a sustainable future for these skilled craftsmen.