UNDERSTANDING PM VISHWAKARMA YOJANA
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UNDERSTANDING PM VISHWAKARMA YOJANA

Introduction

Finance Minister Smt. Nirmala Sitaraman announced PM Vishwakarma Yojana during her 2023-2024 budget speech. The full name of PM Vishwakarma Yojana is PM Vishwakarma Kaushal Samman Yojana. It is also known by another name i.e. “PM VIKAS Yojana” or “PM Vishwakarma Scheme”. On 16th of August 2023, the Union Cabinet gave its permission to implement PM Vishwakarma Yojana in the whole of India. The date fixed by Union Cabinet to launch it is on 17th of September 2023. PM Vishwakarma Yojana is going to be launched on the occasion of Vishwakarma Jayanti on 17-09-2023. The main objective behind launching PM Vishwakarma Kaushal Samman Yojana is to financially support artists, craftsmen, and small business owners and help them grow their businesses by providing them with capital support. The government of India reserves a budget of Rs. 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 an 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 Rs. 2,00,000/- on an Interest Rate of 5%. Apart from capital loans, skill training will also be provided to artisans and artisans under the PM Vishwakarma Yojana.

The government of India will issue certificates and ID cards to PM Vishwakarma to facilitate the identification of beneficiaries. 18 Traditional marketing is included under the PM Vishwakarma Yojana of the Government of India. Over 164 Backward Classes, 30 Lac families are expected to be covered, PM is going to implement the Vishwakarma scheme. Eligible artists and artisans will have to wait for a while to avail the benefits of the PM Vishwakarma Kaushal Samman Yojana. The PM Vishwakarma Scheme will be officially launched by the Government of India on September 17, 2023. The Government of India has now launched the application and application process for the PM Vishwakarma Scheme.

About Scheme

  1. Scheme Objectives PM Vishwakarma is a brand new scheme and envisions offering give-up-to-complete help to the traditional artisans and craftspeople in scaling up of their traditional services and products. The goals of the scheme are as given below:
    • To enable the recognition of artisans and craftspeople as Vishwakarma making them eligible to avail all the blessings under the Scheme.
    • To offer talent upgradation to improve their talent and make relevant and suitable training opportunities to be had to them.
    • To provide a guide for higher and present-day tools to enhance their functionality, productiveness, and fine of merchandise.
    • To offer the supposed beneficiaries a smooth right of entry to collateral-free credit and reduce the fee of credit score through presenting relaxation payment.
    • To provide incentives for virtual transactions to inspire the virtual empowerment of those Vishwakarma.
    • To offer a platform for logo promotion and marketplace linkages to help them get the right of entry to new possibilities for growth.
  2. Eligibility Criteria
    • An artisan or craftsperson working with palms and equipment and engaged in one of the 18 circles of relatives-based conventional trades named within the scheme, the unorganized quarter on self-employment foundation, shall be eligible for registration under PM Vishwakarma.
    • The minimum age of the beneficiary should be 18 years at the date of registration.
    • The beneficiary should be engaged in the concerned alternate at the date of registration and have to now not have availed loans below comparable credit-primarily based schemes of Central Government or State Government for self-employment/ commercial enterprise improvement, e.g. PMEGP, PM SVANidhi, Mudra, in the beyond five years.
    • The registration and benefits under the Scheme will be reserved for 1 family member. For availing advantages under the Scheme, a ‘circle of relatives’ is defined as inclusive of the husband, spouse, and single kids.
    • A character in a government carrier and their own family contributors will no longer be eligible under the Scheme.
  3. Eligible Trades Artisans or Craftspeople engaged in any of the below-mentioned trades are eligible to get benefits under PM Vishwakarma Yojana:-
    • Carpenter (Suthar).
    • Boat Maker.
    • Armourer.
    • Locksmith.
    • Goldsmith (Sonar).
    • Potter (Kumhaar).
    • Sculptor (Moortikar, Stone Carver), Stone Breaker.
    • Cobbler (Charmkar)/ Shoesmith/ Footwear Artisan.
    • Mason (Rajmistri).
    • Basket/ Mat/ Broom Maker/ Coir Weaver.
    • Doll and Toy Maker (Traditional).
    • Barber (Nai).
    • Garland Maker (Malakaar).
    • Washerman (Dhobi).
    • Tailor (Darzi).
    • Fishing Net Maker
UNDERSTANDING PM VISHWAKARMA YOJANA

Scheme Benefits

Under the PM Vishwakarma Yojana, the following benefits will be provided to all Artists and Artisans:-

Recognition: Recognition as Vishwakarma through Certificate and ID Card.

Skilling:
  • Skill Verification followed with the aid of 5-7 days (40 hours) of Basic Training.
  • Interested candidates can also sign up for 15 days (one hundred twenty hours) of Advanced Training.
  • Training Stipend: Rs. 500 per day.
Toolkit Incentive: Rs. 15,000 grant.

Credit Support:
  • Collateral loose Enterprise Development Loans: Rs. 1 lakh (first tranche for 18 months        compensation)
  • Concessional Rate of Interest: 5% to be charged from the beneficiary with an Interest      Subvention cap of 8% to be paid by M/o MSME.
  • Credit Guarantee prices to be borne with the aid of GOI.
  
An incentive for Digital Transaction: Re 1 in keeping with a transaction for optimum upto100 transactions (monthly)
Marketing Support: TheNational Committee for Marketing (NCM) will provide offerings that include Quality Certification, Branding and Promotion, E-commerce linkage, Trade Fairs advertising, publicity, and other marketing activities.  

Documents Required

The following documents are expected to be needed at the time of making use of for PM Vishwakarma Yojana:-

  • Aadhar Card.
  • Voter Identity Card.
  • Proof of Occupation.
  • Mobile Number.
  • Bank Account Details.
  • Income Certificate.
  • Caste Certificate. (If Applicable)

How to Apply/Register in PM Vishwakarma Yojana

  • From September 17, 2023, go to PM Vishwakarma Scheme and officially Register with your mobile number and Aadhar Card.
  • Confirm your Mobile Number and Aadhar Card through OTP Authentication.
  • Fill up the PM Vishwakarma Scheme Registration Form with your details including name, address, and job details.
  • Submit the registration form.
  • Download PM Vishwakarma Digital ID and Certificate for future use.
  • Visit the PM Vishwakarma Scheme Portal and request the scheme components.
  • Upload the required documents.
  • Submit the application for consideration.
  • Officials will verify the applications received.
  • Free loans will be provided under the PM Vishwakarma Yojana with the help of commercial banks, regional and rural banks and other financial institutions.
  • Artists and artisans can also register and apply for the PM Vishwakarma Scheme at their nearest CSC center.
  • The government of India is planning to develop the PM Vishwakarma Yojana mobile app for enrolment.

Conclusion
In conclusion, the PM Vishwakarma Yojana represents a significant step towards development and supporting the age-old crafts and skills of our artisans. It not only offers financial support but also a way to modernization and respect, ensuring that our traditional craftsmen continue to succeed in the changing times ahead.