PM’s Vishwakarma Scheme

• Prime Minister Narendra Modi will be launching the ‘PM Vishwakarma Scheme’ virtually on September 17 from Delhi on ‘Vishwakarma Day’ that will be attended by 70 ministers from 70 different locations across the country.

ABOUT PM VISHWAKARMA YOJANA:

• PM Vishwakarma Yojana was announced by Finance Minister Nirmala Sitharaman 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.
• PM Vishwakarma Yojana is going to launch on the occasion of Vishwakarma Jayanti on 17-08-2023.
• 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 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 Craftsmen for their business.
• And if they successfully pay back the loan amount then they again take a loan up to 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 Pradhan mantri 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.