The PM Vishwakarma Yojana is fundamental strategy recommended by Ministry of Micros, Small and Medium Enterprises for traditional artists of India. It offers an end-to-end solution in the form of collateral-free credit, vocational training, state-of-art equipment, incentives for shifting to a digital economy, and market linkages. The idea here is how to assist the artisans in the enhancement of their products and the integration of new technologies with the old techniques.
This scheme has elicited good response 259, 05, 894 applications have been filed and 24, 24, 487 individuals have been registered at different verification levels. There are 18 traditional professions including carpenters, blacksmiths, goldsmiths, potters etc., the bank provides loans of up to ₹ 3 lakhs (approximately 3583 USD). This endeavour is one of the ways through which India can ensure many more talented and skilled artisans are retained while at the same time, creating employment to millions of people in this sector.
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Benefits of the PM Vishwakarma Yojana
Here are the benefits of the PM Vishwakarma Yojana in simple terms:
- Skill Training: Artisans receive common and professional training to enhance their performance.
- Stipend: Currently, during their training, they are paid ₹500 per day.
- Toolkit Incentive: They receive free tools which are up to ₹15,000 to assist them in their tasks.
- Credit Support: This can be borrowed up to ₹3 lakhs and one does not even need to mortgage anything.
- Low-Interest Loans: The loans are charged a five percent interest rate.
- Recognition: PM Vishwakarma is entitle to artisans wherein they get a PM Vishwakarma certificate and ID card.
- Market Access: The scheme presents an opportunity of accessing larger markets for the sale of the artefacts produced by the artisans.
- Digital Transactions: Artisans are supported to introduce digital payments.
- Support for 18 Trades: It includes eighteen conventional career areas such as carpentry, pottery and dress making among others.
- Government Collaboration: Central as well as State governments extend their support for the scheme to enhance the feasibility.
An Overview of the PM Vishwakarma
an overview table for the PM Vishwakarma Yojana:
| Aspect | Details |
|---|---|
| Scheme Name | PM Vishwakarma Yojana |
| Launch Date | 17th September 2023 |
| Objective | To support traditional artisans and craftspeople in scaling up their work |
| Target Beneficiaries | Artisans and craftspeople in 18 traditional trades |
| Age Requirement | Minimum 18 years old |
| Training | Basic and advanced skill training |
| Stipend | ₹500 per day during training |
| Toolkit Incentive | Toolkit worth up to ₹15,000 |
| Credit Support | Loans up to ₹3 lakh without collateral |
| Loan Interest Rate | 5% per annum |
| Certification | PM Vishwakarma certificate and ID card |
| Market Access | Assistance in accessing larger markets |
| Digital Transactions | Encouragement to use digital payments |
| Government Support | Collaboration between central and state governments |
Eligibility Criteria of the PM Vishwakarma Yojana
The following is the list of the main conditions for entering the PM Vishwakarma Yojana
- Age: A person who applies for a position in the target organization must have a minimum of 18 years.
- Occupation: Must be an artisan or craftsperson who works with hands, and tools, he/she is someone who uses his/her hands to prepare something, or even engages in or is involved in creating.
- Sector: They should be employed in the unorganised sector on own account beads
- Trades: The applicant must be from any of the 18 family-based traditional trades
- Existing Beneficiaries: Should not be an active beneficiary of government initiated start-up funding schemes such as PMEGP, PM Swanidhi and Mudra
- Proof of Occupation: Must also produce a proof of being involved in the relevant trade
- Identification: This servicer requires the Aadhar card and the voter identity card.
- Income Certificate: Should be able to attach an income certificate.
- Bank Account: Needs to have a bank account
- Mobile Number: Still require the user to insert a valid mobile number
What are the Required Documents for Applying PM Viswakarma
PM Vishwakarma Yojana required documents to apply for benefits: Aadhaar number, mobile number, details of Bank Account, and the Ration Card for PM Vishwakarma Portal registration. Furthermore, according to certain peculiarities, the MoMSME may require additional documents or information from them.
Below is a list of possible additional documents that may be required:
- Caste Certificate: Conducts checks regarding the beneficiary’s community.
- Income Certificate: Submits details of the beneficiary’s income for the year.
- Residence Certificate: Ensures that the organizations has the right address of the beneficiary it wants to make donation to.
- Educational Qualification Certificate: Tem displays the education level of the beneficiary, it also reveals the education level of the beneficiary.
- Skill Certificate: This means it is able to capture the skills and experience of the beneficiary he or she is being served.
- Occupation Certificate: Shows details concerning the present working place (if any) of the beneficiary.
The list below is only the most likely one; the list of documents necessary can differ depending on what MoMSME stipulates.
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PM Vishwakarma Yojana – Target List of Beneficiaries
The following eighteen traditional trades are included in the PM Vishwakarma Yojana and are eligible for this benefit. Artisans and craftsmen in these trades can receive loans through the Pradhan Mantri Vishwakarma Yojana:
- Carpenter (Suthar) – Construction worker or woodworker
- Boat Maker
- Armourer
- Lohar–Metal worker or blacksmith
- Preston and Tool_Kit Maker – Preston hammers and manufacturing company which specializes in the special making of hammers and tool kits.
- Locksmith – Locks manufacturer
- Goldsmith (Sonar) – Craftsman who deals in the material gold
- Potter (Kumhaar)
- Sculptor (Moortikar, stone carver) : Sculptor / stone artist Stone breaker
- Shoe maker/ Cobbler/ Charmkar / footwear artisan shoesmith Tanner or Shoe artisan
- Mason (Rajmistri) – A person who lays bricks during constructions or a construction mason
- Basket/Mat/Broom Maker/Coir Weaver – The technique or expert in making baskets, mats, brooms or weaving coir
- Heir Apparent – Traditional Doll & Toy Maker
- Barber (Naai) – Hair dresser or barber
- Garland Maker (Malakaar) – manufacturer of garlands
- Washerman (Dhobi) – Laundary worker
- Tailor (Darzi) – Tailor
- Fishing Net Maker
These traditional trades are the skilled artisans and craftsmen who will get funding assistance under the scheme.
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