PM Vishwakarma Yojana

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  • PM Vishwakarma Yojana was announced by Finance Minister Smt. Nirmala Sitaraman during her 2023-2024 budget speech.
  • The full name of PM Vishwakarma Yojana is PM Vishwakarma Kaushal Samman Yojana.
  • It is also known by other name i.e. “PM VIKAS Yojana” or “PM Vishwakarma Scheme”.
  • On 16th of August 2023, Union Cabinet gave its nod to implement PM Vishwakarma Yojana in whole of India.
  • Date fixed by Union Cabinet to launch it is on 17th of September 2023.
  • The main objective behind launching PM Vishwakarma Kaushal Samman Yojana is to support artist, craftsman and small business owner financially and help them to grew their business by providing them capital support.
  • Government of India reserves the budget of Rs. 13,000/- Crore for the smooth implementation of PM Vishwakarma Yojana.
  • Ministry of Micro, Small & Medium Enterprise is the nodal ministry of PM Vishwakarma Yojana.
  • Loan up to Rs. 1,00,000/- on a Interest of only 5% will be provided to all eligible Artists and Craftsment for their business.
  • And if they successfully pay back the loan amount then they again take a loan up to Rs. 2,00,000/- on a Interest Rate of 5%.
  • Apart from Capital Loan, Skill Training will also provided to Artists and Craftsmen under PM Vishwakarma Yojana.
  • Stipend of Rs. 500/- per Day will be provided to trainee selected for training under Pradhanmantri Vishwakarma Kaushal Samman Yojana.
  • A Financial Assistance of Rs. 15,000/- will also provided to all Craftspeople and Artisan to purchase advance tools for their business.
  • Government of India will also provide PM Vishwakarma Certificate and Identity Card to beneficiaries for their easy identification.
  • 18 Traditional Trades is included by Government of India under PM Vishwakarma Yojana.
  • 30 Lac Families belonging to more than 164 Backward Classes is expected to be covered and is going to take benefits of PM Vishwakarma Yojana.
  • Eligible Artisans and Craftsman will have to wait little more in order to avail the benefit of PM Vishwakarma Kaushal Samman Yojana.
  • PM Vishwakarma Yojana will officially launched by Government of India on 17th of September 2023.
  • Now Government of India Launched the Guidelines and Application Procedure of Pm Vishwakarma Yojana.
  • Eligible Craftsmen and Artisans can now apply to avail the benefit of PM Vishwakarma Yojana through 2 ways :-