PM Vishwakarma Scheme
• Launched on sept 17 2023, on the occasion of Vishwakarma Jayanti.
• Aim – to support workers who engage in traditional crafts and skills.
• Central Sector Scheme • Budget – Rs. 13,000 crore.
• Timeline – period of 5 years (FY 2023-24 to FY 2027-28)
Nodal Ministry – Ministry of Micro, Small &Medium Enterprises (MoMSME).
• Joint Implementation by 3 Ministries
- MSME Ministry,
- Ministry of Skill Development and Entrepreneurship. ü
- Ministry of Finance.
Objectives
• To strengthen and nurture the Guru-Shishya parampara or family-based practice of traditional skills.
• To improve the quality of products & services of artisans and craftspeople.
• To improve the reach of products & services of artisans by integrating with the domestic & global value chains
• 18 Traditional occupations are covered under the Scheme
Benefits of the Scheme
• Vishwakarma workers are registered for free through Common Services centres using biometric-based PM Vishwakarma portal.
Providing recognition – PM Vishwakarma certificate & ID card.
• Artisans & craftspeople are provided with the credit Support of up to Rs.2 lakh.
Credit will be given with a concessional interest rate of 5%
• The Scheme provides Skill Upgradation and Toolkit Incentive.
• It also provides marketing Support to artisans and craftspeople.
• Stipend of Rs, 500 for skill training per day
• Rs. 15,000 grant for purchasing modern tools.