On September 17, 2023, the Indian government introduced the Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PM Vishwakarma Scheme), a new Central Sector Scheme.
Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PM Vishwakarma Yojana) is a new central sector scheme launched by Prime Minister Narendra Modi on the occasion of Vishwakarma Jayanti on September 17, 2023. The scheme aims to strengthen and nurture the Guru-Shishya tradition or family-based practice of traditional skills by artisans and craftsmen working with their own hands and tools.
Benefits of the Vishwakarma Yojana
- Training & Skill Development: Through a comprehensive 6-day training programme, traditional artisans will have the crucial chance to develop their skills as part of the PM Vishwakarma Scheme. By equipping them with cutting-edge skills and knowledge, this programme is specifically designed to meet the demands of carpenters, tailors, basket weavers, barbers, goldsmiths, blacksmiths, potters, confectioners, cobblers, and others.
- Financial help: The PM Vishwakarma programme goes above and beyond training by providing generous financial help ranging from Rs 10,000 to Rs 10 lakh. Beneficiaries are able to launch new projects and grow existing ones with the financial assistance, which improves their standard of living.
- The PM Vishwakarma Scheme is a catalyst for opening up employment opportunities. Each year, it hopes to create jobs for about 15,000 people, promoting stability and growth in the economy.
- Applying online makes it simple for potential beneficiaries to join the programme. By making the application procedure more user-friendly, we can make sure that qualified individuals may easily take advantage of the benefits of the scheme.
- Full Cost Coverage: Under the Vishwakarma Scheme, it is the state government's responsibility to pay the full cost of all training programmes. As a result, artisans can be trained to a high standard without having to worry about paying for it.
Apart from the benefits listed above, PM Vishwakarma Yojana is also expected to have many other positive impacts
- To increase traditional craftsmen's and artisans' income
- Establishing new employment prospects in the traditional arts and crafts industry
- To protect and advance India's enormous cultural legacy
- To increase the traditional Indian craft's marketability on a worldwide scale.
Scheme Overview: Nurturing Traditional Artistry
The Indian government's innovative Vishwakarma Yojana provides financial support to people who work in traditional crafts and talents. This programme aims to give craftspeople a solid support network so they can excel in their work and help to protect India's rich cultural heritage.
Financial Assistance for Artisans
A dedicated allocation of Rs 13,000 crore has been set aside under the auspices of the Vishwakarma Yojana to support craftsmen throughout the nation. To help artisans overcome financial obstacles that would prevent them from pursuing their artistic passions, the programme provides subsidised loans of up to Rs 2 lakh.
Phased Loan Disbursement with Favorable Interest Rates
The PM Vishwakarma initiative would offer artisans loans up to Rs 1 lakh at an exceptionally low interest rate of 5% during its initial phase. Because this interest rate is so much lower than the going rates on the market, artists can receive financing without having to pay hefty interest fees. In the following phase, the programme will continue to offer credit support up to Rs 2 lakh while maintaining the competitive interest rate of 5%.
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| Skill Development |
Comprehensive Skill Enhancement
The Vishwakarma Yojana goes beyond cash assistance in recognition of the significance of skill development in today's environment of fast change. Through advanced training programmes, it strongly emphasises improving craftsmen' skills. Through this programme, it will be made sure that traditional artistic expression is not only conserved but also modernised to fit current requirements.
Incentives for Skill Training and Tool Procurement
By providing stipends for skill training, the programme adopts a strategic approach. With a stipend of Rs 500, artisans will be able to pursue skill improvement without worrying about money. A further payment of Rs 1500 would be made available to enable the purchase of contemporary tools, enabling artisans to do their work more quickly and precisely.
Holistic Support System
- Providing simple access to financing for craftspeople through liberal lending terms.
- Providing craftspeople with modern methods and information to improve their skills.
- Toolkit Incentive: Offering financial support for acquiring contemporary tools.
- Encouragement for Digital Transactions: Getting artists to accept digital transactions.
- Helping artists successfully market their products through marketing support.
Envisioned Impact
Quick and Easy Registration
Central Government Funding with State Collaboration
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| Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PM Vishwakarma Scheme) |
Frequently Asked Questions (FAQ)
1. What is the Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PM Vishwakarma Scheme)?
PM Vishwakarma Scheme is a central sector scheme launched by Prime Minister Narendra Modi on September 17, 2023. It aims to strengthen traditional skills among artisans and craftsmen, fostering the Guru-Shishya tradition.
2. What are the key benefits of the Vishwakarma Yojana?
The scheme offers comprehensive training and skill development, financial assistance ranging from Rs 10,000 to Rs 10 lakh, employment opportunities, and aims to create jobs for about 15,000 people annually.
3. How does the training and skill development component work under the Vishwakarma Scheme?
The scheme includes a 6-day training program for traditional artisans, equipping them with cutting-edge skills in various fields such as carpentry, tailoring, basket weaving, and more.
4. How does the financial assistance aspect of the PM Vishwakarma Scheme operate?
Beneficiaries can receive financial assistance ranging from Rs 10,000 to Rs 10 lakh to launch new projects or expand existing ones, improving their standard of living.
5. How does the scheme contribute to employment generation?
PM Vishwakarma Scheme aims to create job opportunities for about 15,000 people each year, thereby promoting stability and growth in the economy.
6. Is the application process for the PM Vishwakarma Scheme user-friendly?
Yes, applying online for the scheme is designed to be user-friendly, ensuring that qualified individuals can easily access the benefits of the program.
7. Who bears the cost of the training programs under the Vishwakarma Scheme?
The state government is responsible for covering the full cost of all training programs under the Vishwakarma Scheme, relieving artisans of any financial burden.
8. How does the Vishwakarma Yojana contribute to the income of traditional craftsmen and artisans?
The scheme allocates Rs 13,000 crore to support craftsmen, providing subsidized loans of up to Rs 2 lakh to help them overcome financial obstacles and pursue their artistic passions.
9. What are the incentives for skill training and tool procurement under the Vishwakarma Yojana?
The scheme provides stipends of Rs 500 for skill training and an additional payment of Rs 1500 for the purchase of contemporary tools, aiming to enhance artisans' skills and efficiency.
10. How can artisans register for the Vishwakarma Yojana?
Common services centres in communities serve as places of registration for the scheme, ensuring a quick and easy enrollment process for artisans from various regions of the nation.
11. What is the envisioned impact of the Vishwakarma Yojana?
The scheme is expected to benefit around 30 lakh families, elevating the socioeconomic standing of traditional artisans and preserving India's rich cultural heritage.
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