PM Vishwakarma Yojana is a scheme under which, artisans can take a loan of up to Rs 3 lakh at a concessional interest rate of 5 percent. The government will provide an 8 percent subsidy on such loans. PM Vishwakarma Yojana includes carpenters, goldsmiths, stone sculptors masons, blacksmiths, barbers, sailors, and others. Prime Minister Narendra Modi-led Central Government started the PM Vishwakarma Yojana this year.
Under the PM Vishwakarma Yojana, the artisans can avail of an initial loan of Rs. 1 lakh and after successful payments of the amount in 18 months, the beneficiary will be eligible for an additional loan of Rs.2 lakh. The interest rate will remain the same at 5 percent. Below we will talk, about who is eligible, what documents are required and what is the process of online and offline application.
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Eligibility
– He should be an Indian citizen and his age should not be less than 18 years
– Should not already be availing the benefits of PMEGP, PM SVANidhi, and Mudra Loan
Required Documents
Aadhaar Card, Identity Card, Residence Certificate, Mobile Number, Caste Certificate, Bank Account Passbook, Passport Size Photo
Who will benefit from the scheme?
Carpenter, Basket/Mat/Broom Maker, Blacksmith, Goldsmith, Mason, Barber, Malakar, Washerman, Tailor, Locksmith, Doll and Toy Maker, Armor Maker, Sculptor, Stone Carver, Stone Breaker, Cobbler/Shoe Maker, Boat Maker, Hammer and Toolkit Maker, Fishing Net Maker
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How to apply for Vishwakarma Yojana
– Visit the official portal of PM Vishwakarma Yojana pmvishwakarma.gov.in.
– Register using your mobile number and Aadhaar card.
– Verify your mobile number and Aadhaar card through OTP verification.
– Fill out the PM Vishwakarma Yojana registration form with your details including name, address, and business-related information, and submit it.
– Download PM Vishwakarma Digital ID and Certificate.
– Upload the required documents.
– Next, the concerned department will verify your details.
– Once the details are verified, the loan will be approved.
Under the PM Vishwakarma Yojana, collateral-free loans will be given with the help of commercial banks, regional rural banks, and other financial institutions. Artists and craftsmen can also go to their nearest Common Service Center and register and apply for PM Vishwakarma Yojana.
Benefits of PM Vishwakarma Yojana
– The Vishwakarma Shram Samman Yojana aims to provide valuable assistance to skilled artisans.
– The scheme includes a comprehensive training program conducted by the Small and Medium Enterprises Department located at the Tehsil or District Headquarters.
– The successful applicant of Vishwakarma Shram Samman Yojana will have to attend training session to learn skills
– The scheme includes the provision of financial assistance equivalent to semi-skilled wages to the artisans receiving training.
– The scheme will provide skill training for 5 days for each beneficiary with a daily allowance of Rs. 500.
– Each beneficiary will be identified in a three-tier manner.
– In addition, a grant of Rs 15,000 will be given as a toolkit incentive. An incentive of one rupee per transaction will be provided for up to 100 transactions in a month for digital transactions.
