As we are aware the Indian government starts various types of schemes for the economically weaker people of its country, which aim to help these people and improve their lifestyle, one such scheme has been started to help people engaged in crafts and small industries, which is PM Vishwakarma Yojana, which targets artisans, craftsmen and skilled workers. Let’s know full details about it.
What is PM Vishwakarma Yojana?
PM Vishwakarma Yojana is a government scheme aimed at providing financial and technical assistance to artisans and craftsmen associated with specific traditional sectors. This scheme provides loans, skills training, and other incentives to help these individuals expand their business or improve their skills.
Key Benefits of PM Vishwakarma Yojana
Loan without guarantee: One of the major benefits of this scheme is that it offers loans to beneficiaries without any collateral. The initial loan amount is ₹1 lakh, and upon successful repayment, the beneficiary can avail of an additional loan of ₹2 lakh.
Affordable interest rates: The loans offered under this scheme come with low-interest rates
Skill development training: Eligible beneficiaries will receive special training to enhance their skills. This training is necessary for those individuals.
Daily allowance for training: During the training period, beneficiaries are paid ₹500 per day to support their participation.
Incentives for development: Apart from loans and training, beneficiaries are given various incentives. These incentives help boost productivity and improve the economic stability of artisans.
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Eligibility Criteria for PM Vishwakarma Yojana
Locksmiths
Masons
Basket/Mat/Broom Makers
Doll and Toy Makers
Stone Carvers or Stone Breakers
Garland Makers
Cobblers
Sculptors
Nameplate Makers
Barbers (Hair Cutters)
Blacksmiths
Gunsmiths
Goldsmiths
Washermen
Tailors
Hammer and Toolkit Makers
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Fishing Net Makers
If you belong to any of these professions, you can apply for this scheme and avail the various benefits it offers.
How to Apply for PM Vishwakarma Yojana?
The application process for PM Vishwakarma Yojana is simple and can be completed online or through designated government offices.
