How PM Vishwakarma Scheme Benefits | PM Vishwakarma Yojana (2024)

PM Vishwakarma Scheme Benefits are enjoy interest-free loans, advanced tools, digital transaction incentives, skill programs, and market connection support.

The PM Vishwakarma Scheme is launched by the central government to support artisans and craftspeople in 18 traditional trades. The scheme provides them with collateral free loans, skill training, modern tools, digital incentives and market linkage support. The scheme helps them improve their products and services, and integrate them into the MSME sector. The scheme also promotes self-employment and traditional skills.

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What is PM Vishwakarma scheme (Yojana)?

PM Vishwakarma Scheme is a Central Sector Scheme launched by Ministry of Micro, Small and Medium Enterprises to provide holistic and end-to-end support to artisans and craftspeople through access to collateral free credit, skill training, modern tools, incentive for digital transactions and market linkage support.

  • PM Vishwakarma’s scheme will be fully funded by the Union government with an outlay of ₹13,000 crore.
  • Under the scheme, the prospective beneficiaries will be registered free of charge through common services centres using the biometric-based PM Vishwakarma portal.
  • The scheme will provide support to artisans and craftspeople in rural and urban areas across India.
  • Initially, 18 traditional trades will be covered. These include carpenter (Suthar); boat maker; armourer; blacksmith; hammer and tool kit maker; locksmith; goldsmith; potter (Kumhaar); sculptor, stone breaker; cobbler; mason; basket/mat/broom maker/coir weaver; doll and toy maker (traditional); barber; garland maker; washerman; tailor ; and fishing net maker.
  • In the first year, five lakh families will be covered and a total of 30 lakh families will be covered over five years from FY24 to FY28.
  • The prime focus of the scheme is improving the quality as well as the reach of products and services of artisans and craftspeople and ensuring that they are integrated with the domestic and global value chains.
  • The beneficiaries of the scheme will be provided recognition through a PM Vishwakarma certificate and ID card, and skill upgradation involving basic and advanced training.
  • The beneficiaries of the PM Vishwakarma Scheme will be given a toolkit incentive of ₹15,000, collateral-free credit support up to ₹1 lakh (first tranche) and ₹2 lakh (second tranche) at a concessional interest rate of 5%, incentive for digital transactions and marketing support.
pm vishwakarma scheme benefits
PM Vishwakarma Scheme benefits

Who can benefit from PM Vishwakarma Scheme?

The Scheme covers artisans and craftspeople engaged in 18 trades, such as carpenter, blacksmith, potter, tailor, barber, etc. The Scheme aims to benefit around 30 lakh families of craftsmen across the country.

How PM Vishwakarma Scheme Benefits Artisans?

The PM Vishwakarma Scheme benefits artisans in a number of ways. The financial assistance provided by the scheme helps artisans to overcome financial constraints and invest in their businesses. The skill development programs help artisans to improve their skills and knowledge, which makes them more productive and competitive.

The market linkage provided by the scheme helps artisans to reach a wider customer base and sell their products at better prices. The social security benefits provided by the scheme help artisans to secure their future and protect themselves from financial hardship. some of benefits are as follows:

Financial assistance: One of the key benefits of the PM Vishwakarma Scheme is the financial assistance it provides to artisans. Under the scheme, eligible artisans can avail loans of up to Rs. 2 lakh at a subsidized interest rate of 5%. The loans can be used for a variety of purposes, such as purchasing raw materials and tools, investing in new equipment, and expanding their businesses.

Skill development: The PM Vishwakarma Yojana also offers skill development training to artisans to help them upgrade their skills and knowledge. The training programs are designed to meet the specific needs of different artisan communities and cover a wide range of topics, such as product design, production techniques, marketing, and business management.

Market access: he PM Vishwakarma Scheme also provides market linkage support to artisans to help them connect with buyers and sell their products at a fair price. The scheme organizes trade fairs and exhibitions to showcase the products of artisans and helps them to establish linkages with domestic and international buyers.

Social security: The scheme provides artisans with social security benefits such as health insurance and pension plans.

PM Vishwakarma Scheme
PM Vishwakarma Scheme

Other Benefits

In addition to the above, PM Vishwakarma Yojana benefits also provides a number of other benefits to artisans, such as:

PM Vishwakarma Certificate and Identity Card: Artisans who successfully complete the skill development training program are awarded a PM Vishwakarma Certificate and Identity Card. This certificate and ID card provide artisans with a sense of recognition and identity, and also helps them to access various government schemes and benefits.

Tool Kit: Artisans who complete the skill development training program are also provided with a free tool kit. This tool kit helps them to start their businesses and carry out their work efficiently.

Digital Payment Facilitation: The PM Vishwakarma Scheme also promotes the adoption of digital payment methods among artisans. This helps them to receive payments from buyers instantly and securely.

Social Security Measures: The PM Vishwakarma Scheme also aims to ensure social security for artisans. Under the scheme, artisans are covered by various social security schemes, such as the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

PM Vishwakarma Yojana Benefits
Vishwakarma Yojana Benefits

Eligibility Criteria for the PM Vishwakarma Yojana

To be eligible for the PM Vishwakarma Yojana, artisans must meet the following criteria:

  • They must be Indian citizens.
  • They must be at least 18 years of age.
  • The applicant must have an annual income of less than Rs. 10 lakh.
  • They must be engaged in a traditional craft or trade.
  • They must have a valid Aadhaar card.

PM Vishwakarma Scheme how to apply

Artisans can apply for the PM Vishwakarma Scheme online through the official website of the Ministry of Micro, Small and Medium Enterprises (MSME). The application process is simple and straightforward. Artisans need to provide their basic information, such as their name, address, and Aadhaar card number, as well as details about their craft or trade.

Once the application is submitted, it will be processed by the MSME. If the application is approved, the artisan will receive a loan of up to Rs. 2 lakh at a subsidized interest rate of 5%.

Success Stories of the PM Vishwakarma Scheme

The PM Vishwakarma Scheme has already benefited thousands of traditional artisans and craftspeople across India. Here are a few success stories:

Ram Singh, a potter from Rajasthan: Ram Singh had been working as a potter for generations, but he was struggling to make ends meet. He could not afford to buy new equipment and his business was stagnating. However, after receiving a loan under the PM Vishwakarma Scheme, Ram Singh was able to purchase new equipment and expand his business. Today, Ram Singh is a successful potter and his products are in high demand.

pm vishwakarma yojana benefits to Ram Singh, a potter from Rajasthan
PM Vishwakarma Yojana

Sita Devi, a weaver from Assam: Sita Devi is a weaver from Assam who specializes in weaving traditional Assamese silk sarees. Sita Devi had been struggling to sell her sarees due to the lack of market access. However, after receiving training and skill development under the PM Vishwakarma Yojana, Sita Devi was able to improve the quality of her sarees and connect with new buyers. Today, Sita Devi is a successful weaver and her sarees are exported all over the world.

Sita Devi, a weaver from Assam
PM Vishwakarma Yojana

Mr. Ali is a blacksmith from Rajasthan: He was facing a lot of health problems due to the hazardous working conditions in his blacksmith shop. He applied for the PM Vishwakarma Yojana and was able to get training on how to improve the safety of his workplace. As a result, his health has improved and he is now able to work more efficiently.

Mr. Ali is a blacksmith from Rajasthan
PM Vishwakarma Yojana Benefits

Conclusion

The PM Vishwakarma Yojana is a landmark initiative that has the potential to transform the lives of traditional artisans and craftspeople in India. The scheme provides them with the financial and technical assistance they need to improve their skills, expand their businesses, and increase their earnings. The success stories of artisans like Ram Singh and Sita Devi are a testament to the positive impact of the PM Vishwakarma Yojana.

Additional Information

In addition to the benefits mentioned above, the PM Vishwakarma Scheme also provides artisans with the following support: Branding and marketing assistance: The scheme helps artisans to brand and market their products effectively.

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Frequently Asked Questions (FAQs)

What is the PM Vishwakarma Scheme?

The PM Vishwakarma Scheme, also known as Pradhan Mantri Vishwakarma Kaushal Samman, is a Central Sector Scheme launched by the Ministry of Micro, Small and Medium Enterprises (MSME) in India. It aims to provide holistic and end-to-end support to traditional artisans and craftspeople engaged in 18 specific trades. The scheme focuses on four key areas:

  • Recognition: Providing artisans with a PM Vishwakarma certificate and ID card for official recognition.
  • Skill Upgradation: Offering basic and advanced skill training programs with stipends.
  • Toolkit Incentive: Granting upto Rs. 15,000 as e-vouchers for purchasing necessary tools and equipment.
  • Credit Support: Facilitating collateral-free “Enterprise Development Loans” of upto Rs. 3 lakh in two tranches.

Who is eligible for the PM Vishwakarma Scheme?

Indian citizens aged between 18 and 40 years belonging to any caste or community can apply for the scheme, provided they are engaged in one of the 18 specified traditional crafts or trades. These include pottery, blacksmithing, carpentry, weaving, embroidery, leatherwork, etc.

How to apply for the PM Vishwakarma Scheme?

The application process for the PM Vishwakarma Scheme is entirely online. Applicants can register themselves through the official website (https://pmvishwakarma.gov.in/) or the UMANG app. The website provides clear instructions and eligibility criteria for each trade.

What are PM Vishwakarma Scheme benefits?

The scheme offers a range of benefits to eligible artisans and craftspeople, including:

  • Formal recognition and identity: The PM Vishwakarma certificate and ID card can help artisans access various government schemes and benefits.
  • Enhanced skills and knowledge: Skill training programs help artisans improve their craft, learn new techniques, and adapt to changing market demands.
  • Financial assistance: The toolkit incentive and easy access to loans enable artisans to invest in necessary equipment and expand their businesses.
  • Market linkages and branding support: The scheme helps artisans connect with potential buyers and markets through various initiatives.

What is the amount of loan provided under the PM Vishwakarma Scheme?

Eligible artisans can avail collateral-free “Enterprise Development Loans” of upto Rs. 3 lakh under the scheme. The loan is disbursed in two tranches, Rs. 1 lakh initially and Rs. 2 lakh after successful completion of the basic skill training program.

What is the interest rate on the loan provided under the PM Vishwakarma Scheme?

The interest rate on the “Enterprise Development Loans” provided under the PM Vishwakarma Scheme is a concessional 5% per annum, making it highly affordable for artisans.

How can I get skill training under the PM Vishwakarma Scheme?

The scheme provides two levels of skill training: basic and advanced. Basic training programs are typically of 5-7 days duration, while advanced training programs can last for 15 days or more. Both levels offer stipends of Rs. 500 per day to participants. Artisans can register for training programs through the official website or by contacting their nearest Khadi and Village Industries Commission (KVIC) office.

What are the documents required to apply for the PM Vishwakarma Scheme?

The documents required to apply for the PM Vishwakarma Scheme may vary depending on the specific trade and location. However, some common documents include:

  • Aadhaar card
  • PAN card
  • Caste certificate (if applicable)
  • Domicile certificate
  • Proof of engagement in the chosen traditional craft or trade

What is the grievance redressal mechanism for the PM Vishwakarma Scheme?

The PM Vishwakarma Scheme has a dedicated grievance redressal mechanism to address any concerns or issues faced by applicants or beneficiaries. Grievances can be raised through the official website, UMANG app, or by contacting the nearest KVIC office.

How can I stay updated about the latest developments related to the PM Vishwakarma Scheme?

Artisans and interested individuals can stay updated about the latest developments related to the PM Vishwakarma Scheme by regularly checking the official website (https://pmvishwakarma.gov.in/) or following the Ministry of MSME on social media platforms.

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