PM Vishwakarma Scheme: Benefits and Eligibility

The Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PM Vishwakarma Scheme) was launched by Indian Prime Minister Narendra Modi on September 17, 2023. The scheme aims to support traditional artisans and craftspeople through a 6-day training program, financial aid ranging from Rs 10,000 to Rs 10 lakh, and generating 15,000 job opportunities each year. Online applications help streamline access. The state government covers whole training program cost. The initiative also features a loan scheme with an initial phase offering loans of up to Rs 1 lakh at an interest rate of 5%, and the subsequent phase extending up to Rs 2 lakh. Even incentives for skill training and tool procurement are provided, along with marketing support and encouragement for digital transactions.

IMPORTANT POINTS TO REMEMBER

  1. Understanding the PM Vishwakarma Scheme expands your knowledge about the government's initiatives to preserve and promote India's rich culture.
  2. Analyzing the benefits and operational details of the PM Vishwakarma Scheme provides insights into policy-making, public financing, and socio-economic development.
  3. The PM Vishwakarma Scheme provides an example of a comprehensive government initiative that blends cultural preservation, skill development, and economic empowerment.