The PM Vishwakarma Yojana is a new government scheme that aims to empower traditional artisans and craftspeople in India. The scheme was announced in the Union Budget 2023-24 and is expected to be launched on Vishwakarma Jayanti, September 17, 2023.
Benefits of the PM Vishwakarma Yojana
The PM Vishwakarma Yojana will provide a range of benefits to traditional artisans and craftspeople, including:
- Subsidized loans: Artisans will be able to avail collateral-free loans of up to Rs 2 lakh at a concessional interest rate of 5%. This financial assistance will help them to invest in their craft, purchase essential tools and equipment, and expand their businesses.
- Skill development training: The scheme will also provide skill development training to artisans in order to help them improve their skills and techniques. This will make them more competitive in the market and enable them to earn higher incomes.
- Market linkages: The government will work to provide artisans with market linkages so that they can sell their products directly to consumers and avoid middlemen. This will help them to get a better price for their products and increase their profits.
Eligibility for the PM Vishwakarma Yojana
To be eligible for the PM Vishwakarma Yojana, artisans must be engaged in one of the following 18 traditional trades:
- Lace making
- Bamboo craft
- Wood carving
- Metal craft
- Stone carving
- Leather craft
- Paper mache
- Glass blowing
- Toy making
- Doll making
- Basket weaving
- Mat weaving
How to Apply for the PM Vishwakarma Yojana
Artisans who are interested in applying for the PM Vishwakarma Yojana can do so through their local District Industries Centre (DIC). The DIC will provide them with all the necessary information and assistance.
The PM Vishwakarma Yojana is a welcome step by the government to support and empower traditional artisans and craftspeople in India. The scheme is expected to benefit millions of artisans and help them to improve their skills, incomes, and livelihoods.