PM Vishwakarma Yojana: Benefits and Eligibility Criteria

PM Vishwakarma Yojana 2024 is a scheme launched by Prime Minister Narendra Modi on his birthday. The scheme aims to improve the living conditions of those working in the traditional crafts and industries sector. The government will provide financial assistance of up to INR 3 lakhs with only a 5% interest rate to those working in this sector.

To benefit from this scheme, individuals can apply online or offline. It is important to carefully read and understand the eligibility criteria and application process to take advantage of this scheme. This article will provide an overview of PM Vishwakarma Yojana 2024 and guide individuals on how to apply for it.

PM Vishwakarma Yojana 2024 Brief Summary

The PM Vishwakarma Yojana 2024 is a Central Sector Scheme launched by the Ministry of Micro, Small and Medium Enterprises to provide holistic and end-to-end support to artisans and craftspeople through access to collateral-free credit, skill training, modern tools, incentives for digital transactions, and market linkage support. The scheme was launched on 17th September 2023 by the Finance Minister Nirmala Sitharaman.

Under the scheme, Indian youth are the beneficiaries who work with their hands and tools. The scheme aims to provide skill up-gradation and income-boost to carpenters, washermen, cobblers, coir weavers, potters, sculptors, tailors, and more. The scheme has an outlay of Rs 13,000 crore for five financial years from 2023-2024 to 2027-2028.

The scheme offers a stipend of Rs 500 for artisans during the training period. The beneficiaries can avail of a loan of up to Rs 3 lakhs without collateral. The loan can be used for the purchase of tools and equipment, raw materials, and working capital. The scheme also provides incentives for digital transactions to encourage cashless transactions.

The registration for the Vishwakarma Yojana can be completed at common service centers in villages. The official website for registration is pmvishwakarma.gov.in. The scheme aims to promote entrepreneurship among the youth and increase their income by providing them with the necessary support and resources.

Some Say PM Vishwakarma Kaushal Samman Yojana

PM Vishwakarma Kaushal Samman Yojana is a scheme launched by Prime Minister Narendra Modi to provide training and financial assistance to the traditional artisans and craftsmen of India. The scheme aims to promote the development of skills and provide employment opportunities to the people engaged in the unorganized sector.

Under this scheme, the government has allocated a budget of 13 crores to start the Vishwakarma Shram Samman Yojana. The registration for this scheme is completely free of cost, and after registering, the beneficiaries are provided training as per the scheme’s guidelines. The scheme also provides a loan at a 5% interest rate to the registered beneficiaries.

After the completion of the training, the beneficiaries are given 15,000 rupees to purchase tools and equipment required for their work. Additionally, they are also provided with financial assistance of up to 1 lakh rupees. If the beneficiary requires more funds, they can apply for a second installment of 2 lakh rupees.

The scheme has been designed to provide financial assistance to the traditional artisans and craftsmen who are not able to access credit from the formal banking sector due to their lack of collateral or credit history. The scheme is expected to benefit around 50 lakh people engaged in the unorganized sector.

The scheme is also expected to promote the development of traditional skills and crafts, which are an integral part of India’s cultural heritage. It is expected to provide employment opportunities to the people engaged in the unorganized sector and promote the development of the rural economy.

The scheme has received a positive response from the people, and it is expected to benefit a large number of people engaged in the unorganized sector. The scheme is expected to contribute to the development of the rural economy and promote the development of traditional skills and crafts in the country.

PM Vishwakarma Yojana Eligibility Criteria

PM Vishwakarma Yojana is a scheme launched by Prime Minister Narendra Modi to provide financial assistance to traditional skilled workers and artisans. The scheme aims to empower and uplift the livelihood of the following 21 categories of artisans:

• Dhobi (washer-man)
• Darji (tailor)
• Sunar (goldsmith)
• Luhar (blacksmith)
• Malakar (garland maker)
• Nai (barber)
• Talab (locksmith)
• Badhai (carpenter)
• Naav (boat maker)
• Khilone (toy maker)
• Murti (idol maker)
• Mochi (shoe maker)
• Chatai (mat maker)
• Fishing net maker
• Joota (shoe maker)
• Patthar (stone carver)
• Kavach (armor maker)
• Kumhar (potter)
• Hathoda (hammer worker)
• Rajmistri (mason)
• Astrakar (weapon maker)

To be eligible for the scheme, the applicant must be above the age of 18 years and possess a minimum qualification of 8th standard. The applicant must also have a valid Aadhaar card and a bank account. The scheme provides a loan of up to Rs. 10 lakhs at a subsidized interest rate to the eligible applicants. The loan amount can be used for the purchase of raw materials, equipment, and other expenses related to their work.

The scheme is expected to benefit over 50 lakh traditional skilled workers and artisans across the country. The scheme is a step towards preserving and promoting traditional Indian art and crafts and providing financial stability to the skilled workforce. The government aims to create employment opportunities and boost the economy through this scheme.

PM Vishwakarma Kaushal Samman Yojana Document Checklist

To apply for the PM Vishwakarma Kaushal Samman Yojana, applicants must have the following documents. Without these documents, the application cannot be processed.

• Aadhaar Card.
• Copy of bank account.
• Phone number linked with the Aadhaar card.
• Caste certificate of the applicant.
• Identity proof of the applicant.
• Photograph.
• Ration card of the applicant.
• Email ID of the applicant.

The above documents are mandatory for every person who wants to apply for this scheme. Applicants must ensure that they have all the necessary documents before applying.

It is also important to note that the documents must be valid and up to date. Any expired or invalid documents will not be accepted. Applicants are advised to check the validity of their documents before submitting their application.

In addition to the above documents, applicants may be required to submit additional documents as per the guidelines of the scheme. The scheme guidelines may vary from state to state, and applicants are advised to check the guidelines of their respective states before applying.

Overall, having all the necessary documents is crucial for a successful application for the PM Vishwakarma Kaushal Samman Yojana. Applicants must ensure that they have all the required documents before applying to avoid any delays or rejections.

PM Vishwakarma Yojana Eligibility

To be eligible for the PM Vishwakarma Yojana, a person must fulfill the following criteria:

• Age: The person must be 18 years old or above to apply for this scheme.
• Occupation: The scheme is applicable only for those who are engaged in any of the 18 family-based traditional trades mentioned in the scheme. It is mandatory for the applicant to be a traditional artisan or craftsperson working with hands and tools.
• Income: There is no specific income criterion for this scheme. It is open to all eligible applicants regardless of their income level.
• Government employees: Government employees are not eligible for this scheme. Only those who are self-employed or working in the private sector are eligible to apply.
• Family members: The scheme is applicable only to the individual applicant and not to the entire family. Therefore, the other family members of the applicant are not eligible to apply for this scheme.

It is important to note that meeting the eligibility criteria does not guarantee approval of the loan application. The approval of the loan application is subject to the discretion of the concerned authorities. Therefore, it is advisable to carefully read and understand the terms and conditions of the scheme before applying for it.

Loan Tenure and Interest Rate

Under the PM Vishwakarma Yojana, eligible candidates can avail loans up to INR 3 lakhs at a low interest rate of 5% per annum. The loan repayment period is up to 4 years.

How to Apply PM Vishwakarma Yojana

To apply for the PM Vishwakarma Yojana, applicants need to visit the official website pmvishwakarma.gov.in. Once on the website, they should click on the “How to Register” option.

After clicking on “How to Register,” applicants will be prompted to verify their mobile number and Aadhaar card. Once the verification is complete, the registration form will open. Applicants should fill in all the required information and upload the necessary documents.

The following table outlines the steps to apply for PM Vishwakarma Yojana:

The PM Vishwakarma Yojana is available to Indian resident artisans or craftspeople/craftsmen who are 18 years or older and have not availed benefits of PMEGP, PM SVANidhi, or Mudra Loan. The scheme provides holistic and end-to-end support to artisans and craftspeople through access to collateral-free credit, skill training, modern tools, incentive for digital transactions, and market linkage support.

Once applicants have successfully completed the registration process, they can download the PM Vishwakarma Digital ID and Certificate. They can then start applying for different components of the scheme.

In conclusion, the PM Vishwakarma Yojana provides a range of benefits to eligible artisans and craftspeople. By following the simple steps outlined above, applicants can easily register for the scheme and take advantage of its many benefits.

Conclusion

The PM Vishwakarma Kaushal Samman Yojana is a scheme launched by the Ministry of Micro, Small and Medium Enterprises to provide holistic support to artisans and craftsmen. Here is a breakdown of the key aspects of the scheme:

PM Vishwakarma Kaushal Samman Yojana Eligibility

The scheme is aimed at providing support to workers engaged in traditional crafts and skills, with a focus on economically marginalized and socially backward communities, especially Other Backward Classes (OBC) groups. The scheme is open to artisans, craftsmen, and workers in the unorganized sector.

PM Vishwakarma Kaushal Samman Yojana Benefits

The scheme aims to provide holistic and end-to-end support to artisans and craftspeople through access to collateral-free credit, skill training, modern tools, incentive for digital transactions, and market linkage support. The scheme aims to improve the quality and market reach of products and services crafted by artisans.

PM Vishwakarma Kaushal Samman Yojana Application Process

To apply for the scheme, individuals can visit the official PM Vishwakarma Kaushal Samman Yojana website at pmvishwakarma.gov.in and register. The website provides detailed information on the scheme, including eligibility criteria, application process, and necessary documents.

PM Vishwakarma Kaushal Samman Yojana Launch

The scheme was launched by the Finance Minister Nirmala Sitharaman. The scheme aims to aid and inspire skilled artisans and craftsmen who significantly contribute to India’s cultural heritage and economy.

Overall, the PM Vishwakarma Kaushal Samman Yojana is a significant initiative undertaken by the Government of India to support the traditional crafts and skills of India’s artisans and craftsmen. The scheme provides a comprehensive support system to these workers, enabling them to improve the quality and market reach of their products and services.

Frequently Asked Questions

How to Apply for the PM Vishwakarma Yojana Online?

To apply for the PM Vishwakarma Yojana online, eligible beneficiaries need to visit the official website of the scheme and follow the instructions provided. The online application process is simple and user-friendly.

What is the Official Website to Get Information About the PM Vishwakarma Yojana?

The official website to get information about the PM Vishwakarma Yojana is https://pmvishwakarma.gov.in/. The website provides comprehensive information about the scheme, including its objectives, benefits, eligibility criteria, and application process.

Where Can I Find Detailed Information About the PM Vishwakarma Yojana?

Detailed information about the PM Vishwakarma Yojana can be found on the official website of the scheme, as well as on various government portals and websites. Eligible beneficiaries can also contact the nearest Common Service Center (CSC) or District Industries Center (DIC) for more information.

What is the Process to Login to the PM Vishwakarma Yojana Portal?

To login to the PM Vishwakarma Yojana portal, eligible beneficiaries need to visit the official website of the scheme and click on the “Login” button. They will then be prompted to enter their registered mobile number and password to access the portal.

Who is Eligible to Benefit from the PM Vishwakarma Yojana?

The PM Vishwakarma Yojana is a Central Sector Scheme launched by the Ministry of Micro, Small, and Medium Enterprises (MSME) to provide holistic and end-to-end support to artisans and craftspeople. Eligible beneficiaries include traditional artisans, craftsmen, and other individuals engaged in the production and manufacturing of traditional products and services.

What are the Steps to Register for the PM Vishwakarma Yojana?

To register for the PM Vishwakarma Yojana, eligible beneficiaries need to visit the official website of the scheme and click on the “Register” button. They will then be prompted to enter their personal and professional details, including their name, address, mobile number, and Aadhaar number. After submitting the registration form, they will receive a confirmation message on their registered mobile number.

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