PM Vishwakarma Yojana (Scheme) 2023 Details, PM Vishwakarma Yojana 2023 Registration, Online Apply, Eligibility, etc.: is a revolutionary initiative for small artisans which has recently got approval from the Union Cabinet. There are many such small artisans and craftsmen in rural areas, who are unable to take their workmanship to a wider level due to lack of money and lack of awareness.
Because of this big businessmen and contractors buy salmon at a lower price and sell it in the market at a higher price. This unprecedented scheme has been launched to help such artisans and craftsmen. Which aims at the upliftment of the marginalized and economically weaker sections of society, especially the Other Backward Classes (OBCs). The total budget of PM Vishwakarma Yojana 2023 is 13,000 crores, which has been approved by the cabinet.
Announced on India’s 77th Independence Day, the scheme will be launched on Vishwakarma Day, which falls on September 17, 2023. This scheme was announced by Prime Minister Modi from the ramparts of the Red Fort. The primary goal of the program is to provide support and empowerment to OBCs while promoting economic growth and prosperity.
Although the specific details regarding the application process, eligibility criteria, and benefits are yet to be fully revealed, but in this article, we have mentioned the eligibility criteria and application process prescribed by PM Vishwakarma Yojana 2023 as per the news reports.
PM Vishwakarma Yojana 2023 Details
The government has allocated a budget of ₹13,000 crore for this yojana. And at the same time, the PM Vishwakarma scheme aims to enhance the quality, scale, and reach of traditional products and services, integrate artisans into the value chain, and preserve India’s cultural heritage.
Through this scheme, artisans can take loans up to ₹ 2 lacks at concessional interest rates. Apart from this, the scheme encourages artisans through skill training, modern equipment, and digital transaction promotion to ensure overall development. You can easily register through Common Service Centers.
|Yojana Name||PM Vishwakarma Yojana 2023|
|Launched by||PM Shri Narendra Modi|
|Launch Date||15 August 2023 (Indian Independence Day)|
|Implementation Date||September 17,2023 (Vishwakarma Jayanti)|
|Objective||To provide financial assistance to small artists and craftsmen and especially to empower OBCs.|
|Vishwakarma Yojana Loan Amount||Up to 2 Lakh|
|Vishwakarma Yojana Loan Interest Rate||5% per annum|
|Article Category||Sarkari Yojana|
|Vishwakarma Yojana Official Website||Launched Soon|
What is PM Vishwakarma Yojana 2023
PM Vishvakarma Yojana 2023 is an important government initiative designed to support and empower traditional workers, artisans, and craftsmen in India. Prime Minister Narendra Modi announced the scheme during his Independence Day speech, the initial budget for the scheme has been increased from Rs.13,000 to Rs. 15,000 crores. Has been allocated Rs. Its primary objective is to enhance the livelihood of small craftsmen and artisans by providing various kinds of help and opportunities to these skilled persons.
Under the Pradhan Mantri Vishwakarma Yojana, artisans and craftsmen will be given a PM Vishwakarma certificate and an ID card, which will enhance their identification and documentation. Under this scheme, to 30 lakh artisan families, the government provides loans up to 2 lakhs in two installments, 1 lakh (1st installment) and Rs. 2 lacks (2nd installment) with a concessional interest rate of 5%.
PM Vishwakarma Samman Yojana Online
Pradhan Mantri Vishwakarma Yojana reflects the Government’s commitment to preserving and promoting India’s rich cultural heritage while promoting economic growth and inclusion. The scheme was announced by Prime Minister Modi from the ramparts of the Red Fort. So far, all the details regarding the application process and eligibility criteria for PM Vishvakarma Yojana 2023 have not been revealed. We will update you as soon as the details come out.
PM Vishwakarma Beneficiaries
The PM Vishwakarma Scheme will extend its initial benefits to the following 18 rural traditional artisans and craftspeople:
- Carpenter (Suthar)
- Boat Maker
- Blacksmith (Lohar)
- Hammer and Tool Kit Maker
- Goldsmith (Sonar)
- Potter (Kumhaar)
- Sculptor (Moortikar, stone carver), Stonebreaker
- Cobbler (Charmkar)/ Shoesmith/Footwear artisan
- Mason (Rajmistri)
- Basket/Mat/Broom Maker/Coir Weaver
- Doll & Toy Maker (Traditional)
- Barber (Naai)
- Garland maker (Malakaar)
- Washerman (Dhobi)
- Tailor (Darzi)
- Fishing Net Maker
PM Vishwakarma Yojana 2023 Benefits
On September 17, 2023, on the occasion of the birth anniversary of Lord Vishwakarma, the Vishwakarma Samman Yojana will be launched online. There are countless benefits of this scheme directly and indirectly, below we have discussed some of the major benefits. Pradhan Mantri Vishwakarma Yojana is a visionary initiative launched by the Government of India designed to provide financial assistance to individuals engaged in traditional crafts and skills. The scheme provides a strong support system to the artisans.
Financial Assistance to Small Artisans
Under the Pradhan Mantri Vishwakarma Yojana, a dedicated budget of Rs 13,000 crore has been kept for empowering artisans across the country. Launched by the government, this scheme provides loans to artisans at a concessional loan rate of up to Rs 2 lakh, with an aim to reduce the financial constraints that may hinder the artistic activities of small artisans.
Loan at a Low Interest Rate
In its initial phase, PM Vishwakarma Yojana allows artisans to avail of loans up to Rs 1 lakh at low-interest rates of 5%. This interest rate is much lower than the prevailing market rates, thereby helping artisans to avail of the loan without the burden of exorbitant interest charges. In its next phase, the scheme provides loan assistance up to Rs.2 lakh while maintaining a low-interest rate of 5%.
Comprehensive skill enhancement
Recognizing the importance of skill development in today’s fast-paced world, Vishwakarma Yojana extends beyond financial assistance. It works to enhance the skills of artisans through advanced training programs. The initiative aims to ensure that traditional artistry is not only preserved but also constantly updated to meet contemporary standards.
Incentive for skill training and equipment purchase
PM Vishwakarma Yojana incorporates a thoughtful approach by offering a stipend for skill training. Under this yojana, artisans are given a stipend of Rs 500, which will enable them to enhance their skills without financial worries.
Additionally, an amount of Rs 1500 is provided to facilitate the purchase of modern tools, which will facilitate the artisans to work with greater efficiency and accuracy. “PM Vishwakarma Yojana (Scheme) 2023 Details, PM Vishwakarma Yojana 2023 Registration, Online Apply, Eligibility, etc.”
Holistic support system
Vishwakarma Yojana seeks to create a comprehensive ecosystem of support for traditional artisans. It consists of various components, which are as follows:-
Liberal credit terms:- To ensure easy access to credit for small artisans and craftsmen.
Skill Upgradation:- To equip the artisans with advanced techniques and knowledge.
Toolkit Incentive:- The objective of the scheme is to provide financial assistance for the purchase of modern tools.
Digital Transaction Promotion:- To encourage artisans to adopt digital transactions. Marketing Assistance:- To assist the artisans in marketing their craft effectively.
Seamless Registration Process
To facilitate easy enrollment for PM Vishwakarma Yojana 2023 registration, the government has designated Common Service Centers in villages as registration points for the scheme. This user-friendly approach aims to ensure that artisans from different corners of the country can seamlessly be a part of this transformative initiative. However, no information has come about the registration portal for online applications.
PM Vishwakarma Yojana 2023 registration
The Pradhan Mantri Vishwakarma Yojana was announced by Modi from the ramparts of the Red Fort. This scheme will be implemented from the day of Vishwakarma Jayanti. To be benefited under Pradhan Mantri Vishwakarma Yojana, people have to complete PM Vishwakarma Yojana 2023 Registration.
Governments will set up camps in villages for registration and soon the government will also launch an online portal for this. After the portal is launched, you will be able to register by visiting its official portal. “PM Vishwakarma Yojana (Scheme) 2023 Details, PM Vishwakarma Yojana 2023 Registration, Online Apply, Eligibility, etc.”
Objectives of PM Vishwakarma Yojana 2023
- Enhancing the quality of artisans:- The objective of the scheme is to improve the quality, and accessibility of, products and services offered by traditional artisans and craftsmen. Integration into
- Value Chains:- It aims to integrate artisans and craftsmen into both domestic and global value chains, thereby increasing market access for artisans and craftsmen.
- Supporting Traditional Craftsmanship:- The scheme is designed to benefit persons skilled in traditional craftsmanship, especially those belonging to the Other Backward Classes (OBC) community.
- Socio-Economic Upliftment:- By providing financial assistance, skill training, and economic opportunities, the scheme aims at improving the socio-economic status of skilled artisans.
- Preservation of Heritage:- The scheme contributes to the preservation of India’s rich cultural heritage by ensuring the continuity and development of traditional arts and crafts.
- Empowerment of Artisans:- Through concessional credit, skill development, and modern equipment, artisans are empowered to enhance their skills and adopt contemporary techniques.
- Inclusive Development:- This scheme ensures their active participation in economic development by providing facilities to various categories of artisans and craftsmen.
PM Vishwakarma Yojana 2023 has been approved by the Union Cabinet for the upliftment of small artisans and craftsmen. This groundbreaking initiative aims to address the challenges faced by rural artisans who often face constraints and exposure due to financial constraints.
Under this scheme, financial assistance of up to 2 lacks will be provided to 30 lakh artisans and craftsmen. The objective of the scheme is to empower and strengthen marginalized communities, especially the Other Backward Classes (OBCs) by providing financial assistance, skill development, and economic opportunities. “PM Vishwakarma Yojana (Scheme) 2023 Details, PM Vishwakarma Yojana 2023 Registration, Online Apply, Eligibility, etc.”
For PM Vishwakarma 2023, the government has allocated a budget of 13,000 crore to 15,000 crore.
Pradhan Mantri Vishwakarma Yojana will be started on 17th September 2023, the day of Vishwakarma Jayanti. But it has been announced on 15th August.
30 lakh people will be benefited from this scheme.