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PM VISHWAKARMA’ SCHEME

Description: Empowering Artisans: Exploring the PM Vishwakarma Scheme for Craftsmen and Traditional Skilled Workers. Discover the key features and significance of PM Vishwakarma, a scheme designed to support and uplift traditional artisans and craftsmen in India.

Introduction

PM Vishvakarma's central sector scheme strengthens and nurtures the family-based practice of traditional skills by artisans and craftspeople working with their hands and tools.

Important features of the scheme

•  Financial outlay of Rs.13,000 crore for a period of five years (FY 2023-24 to FY 2027-28). In the first year, five lakh families will be covered and a total of 30 lakh craftsmen families will be covered over five years. 

•  Provision of credit support of up to Rs. 1 lakh (first tranche) and Rs. 2 lakh (second tranche) with a concessional interest rate of 5%. 

•  Under the scheme, there will be two types of skilling programmes i.e. Basic and Advanced. 

•  Participants will get a stipend of Rs. 500 per day while undergoing training and the beneficiaries will receive up to Rs. 15,000 to buy modern tools. 

•   Initially eighteen traditional traders will be covered including carpenters, blacksmiths, and locksmiths, among others. 

•  Artisans and craftspeople across India will be provided recognition through PM Vishwakarma certificate and ID card.

Significance of Scheme 

•  The scheme Improves the quality, and reach of products and services of artisans and craftspeople. 

•  It also ensures Vishwakarmas are integrated with domestic and global value chains. 

•  Provide skill upgradation, the incentive for the toolkit and digital transactions, and marketing support.