Craftsmen and artisans play a key role in shaping our cultural heritage. Unfortunately, many traditional artisans in the country are struggling financially these days. To help uplift these individuals, the Government of India has launched an impressive initiative called the Pradhan Mantri Vishwakarma Yojana. This program was kicked off by Prime Minister Narendra Modi on Vishwakarma Jayanti, which falls on September 17, 2023.
The scheme aims to provide financial support and skill development training for various artisans, including carpenters, blacksmiths, goldsmiths, potters, tailors, barbers, cobblers, sculptors, and toy makers. The goal is to enhance their skills and promote self-sufficiency. Additionally, beneficiaries can access loans at reduced interest rates under the PM Vishwakarma Yojana.
This initiative is set to not only boost the financial stability of traditional artisans but also enhance their productivity. The Government of India offers a range of benefits to those who participate in the Pradhan Mantri Vishwakarma Yojana.
Here are some of the benefits of the Prime Minister Vishwakarma Yojana:
1. Beneficiaries can receive a total loan of up to Rs 3 lakh.
2. The loan is disbursed in two phases.
3. In the first phase, beneficiaries receive Rs 1 lakh.
4. The second phase provides an additional Rs 2 lakh for business expansion.
5. The loan comes with a low-interest rate of just 5 percent.
6. Skill development training is also part of the program.
7. Participants receive a daily stipend of Rs 500 during their training.
8. Beneficiaries are awarded a Vishwakarma Certificate and ID.
9. A toolkit incentive worth Rs 15,000 is provided.
10. To encourage digital transactions, the government offers additional incentives to beneficiaries.