On 17 September 2023, the central government of India introduced the PM Vishwakarma Yojana. This initiative aims to empower the traditional artisans and craftsmen of the Vishwakarma community by enhancing their productivity and quality. Eligible members of the Vishwakarma category can benefit from various government support, including low-interest loans of up to Rs 1 Lakh, among other advantages. Those applying for the scheme should check the eligibility criteria before proceeding.
The PM Vishwakarma Scheme Benefits include several advantages, including monetary aid, training to enhance skills, access to funding through loans, elevation of empowerment, and improved employment opportunities. Learn How to Apply for the 1 Lakh Loan under Vishwakarma Yojana on this page.
Pradhan Mantri Vishwakarma Scheme Overview
| Authority Name | Ministry of Micro Small and Medium Enterprises, Govt of India |
| Scheme Name | PM Vishwakarma Yojana |
| Launched Date | 17 September 2024 |
| Benefits | Skill Training, Financial Assistance, Loans, and Employment |
| Budget Allocation | Rs 13000 Crore |
| Official Website | www.pmvishwakarma.gov.in |
Prime Minister Vishwakarma Yojana Objectives
The MSME has launched the PM Vishwakarma program, aimed at enhancing the vocational abilities of individuals from the Vishwakarma community. This initiative will equip these workers with the necessary skill training and financial aid to excel in their crafts. Artisans and craftsmen from the Vishwakarma community across India are set to benefit from this targeted skill development effort, potentially enabling them to expand their businesses.
Key Benefits and Features of Vishwakarma Scheme
Workers from the Vishwakarma community seeking financial aid from the government are eligible to apply for the PM Vishwakarma Yojana. Below are the advantages offered by this initiative.
- Financial Support: The Scheme extends monetary support to individuals of all castes within the Vishwakarma community. This aid aims to boost their productivity and employment opportunities by assisting them in purchasing new equipment, craft materials, and other essential accessories to enhance their craftsmanship business.
- Skill Enhancement: The government of India is committed to organizing skill enhancement programs tailored explicitly for the Vishwakarma community members. These programs are designed to hone their professional skills, leading to an improvement in the quality and efficiency of their products.
- Loan Availability: The Vishwakarma Yojana facilitates access to loans of up to 3 lakh rupees. Beneficiaries can initially secure 1 lakh rupees and an additional 2 lakh rupees at considerably low interest rates, augmenting their productivity and business growth.
- Empowerment and Growth: This scheme plays a crucial role in empowering the Vishwakarma community, paving the way for business expansion. With enhanced opportunities for growth, beneficiaries can expect an increase in income, contributing to their financial stability.
PM Vishwakarma Yojana Eligibility Norms
Individuals hailing from the 140 clans within the Vishwakarma community can apply for this program. Eligibility requirements can be verified on the program’s official site. It is necessary for applicants to be Indian citizens and possess an official caste certificate. The minimum age threshold for application is 18 years. Applicants or their family members must not be in governmental positions to benefit from this scheme. Additionally, applicants must demonstrate proficiency in a craft or artisanship.
List of Documents for Enrollment in Vishwakarma Scheme
Candidates need to prepare several key papers to be eligible for the program. Necessary documentation includes the Aadhar card of the beneficiary, PAN card, Certificate proving caste, Certificate of residency, Bank account, a recent photograph of passport size, Proof of residence, and a contact mobile number.
How to Apply for 1 Lakh Loan Under PM Vishwakarma Yojana?
To enroll in the PM Vishwakarma Scheme, follow the critical steps below.
- Initially, navigate to the official website i.e. pmvishwakarma.gov.in.
- Find and click the PM Vishwakarma Scheme link on the main page.
- Enter your Aadhar number and mobile number for the verification process.
- Proceed by clicking on the registration option to display the application form on your screen.
- Fill out the application form with your personal information and other necessary details.
- Attach the requisite scanned documents to the platform.
- Ensure you review your entire application before proceeding.
- Finally, hit the submit button and download an acknowledgement receipt.
Direct Links
- Vishwakarma Scheme Application Link: Apply Here
- Official Website: Visit Here