PM Vishwakarma Scheme

PM Vishwakarma Scheme

Recent Context:

According to the MSME ministry, the ministry has received more than 21 lakh applications under the PM Vishwakarma scheme. Under this, the maximum applications were for tailors (43%). Followed by Masion and carpenter. It is a central sector scheme. It covers the following 18 traditional trade sectors.

  • Carpenter
  • Boat Maker
  • Armourer
  • Blacksmith
  • Hammer and Tool Kit Maker
  • Locksmith
  • Goldsmith
  • Potter
  • Sculptor
  • Stonebreaker
  • Cobbler
  • Mason
  • Basket/Mat/Broom
  • Maker/Coir Weaver
  • Doll & Toy Maker
  • Barber
  • Garland maker
  • Washerman
  • Tailor and
  • Fishing Net Maker

The objective of the Scheme:

  • To uplift traditional artisans and craftspeople.
  • Preservation of India’s rich cultural heritage of traditional crafts.
  • Transition to the formal economy and global value chain.

Features:

  • Collateral-free credit support of up to 2 lakhs at an interest rate of 5%.
  • PM Vishwakarma certificate and an I card for enrolled artisans and craft people.

Stipend and initiatives

  • Rs. 500 for skill training.
  • Rs. 1500 to purchase modern tools.
  • Rs. 15000 as a tool kit incentive.

Timeline

The scheme will be implemented from 2023-24 to 2027-28.

Also, check out: SUPREME COURT VERDICT ON ARTICLE 370

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