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.