Vishwakarma Yojana

August 17, 2023

The Union Cabinet recently approved the Rs 13,000-crore Vishwakarma Yojana, an ambitious scheme to support those engaged in traditional skills.
Under the scheme, craftsmen will be provided credit support of up to Rs 1 lakh (first tranche) and Rs 2 lakh (second tranche) with a concessional interest rate of 5%.
Vishwakarma Yojana will benefit 30 lakh craftsmen families over five years from FY24 to FY28.
Under the scheme, artisans and craftsmen will be provided recognition through PM Vishwakarma certificate and ID card.
Artisans and craftsmen will also be provided skill upgradation, tool kit incentive, incentive for digital transactions and marketing support.
Initially, 18 traditional trades will be covered including 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.
The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftsmen and to ensure that Vishwakarmas are integrated with the domestic and global value chains.