Home   »   General Knowledge   »   PM Vishwakarma Yojana Scheme 2023

PM Vishwakarma Scheme 2023, Online Apply, Objectives, Benefits

PM Vishwakarma Scheme: It is launched on the occasion of Prime Minister Narendra Modi’s 73rd birthday on the 17th of September 2023. The launching event takes place at the India International Convention and Expo Centre also named as YashoBhoomi Convention Center in Dwarka. In this article, you will get all about the PM Vishwakarma Yojana 2023 details.

Vishwakarma Jayanti 2024

Vishwakarma Jayanti, celebrated on February 22, 2024, honors Lord Vishwakarma, the divine creator of weapons and architecture. It holds significance for engineers, craftsmen, and laborers. Devotees rise early, bathe, and wear new clothes. They conduct puja, clean their workplaces and homes, purify the area with Ganga water, and install Lord Vishwakarma’s idol. Rangolis adorn the surroundings, flowers are offered, and a ghee lamp is lit. This day symbolizes gratitude and respect for divine craftsmanship. Lord Vishwakarma’s creations, including celestial realms and divine weapons, are revered. It’s a day to seek blessings for success in endeavors.

PM Vishwakarma Scheme 2023

PM Vishwakarma Scheme was announced by Finance Minister Smt. Nirmala Sitaraman during her 2023-2024 budget speech. The full name of PM Vishwakarma Yojana is Prime Minister (PM) Vishwakarma Kaushal Samman Yojana. It is also known by other name i.e. “PM VIKAS Yojana” or “PM Vishwakarma Yojana”.

On the 16th of August 2023, the Union Cabinet gave its nod to implement PM Vishwakarma scheme in the whole of India. The date fixed by Union Cabinet to launch it is on 17th of September 2023. PM Vishwakarma Yojana is going to launch on the occasion of Vishwakarma Jayanti on 17-08-2023.

What is PM Vishwakarma Scheme 2023?

PM Vishwakarma Scheme is an initiative that operates as a Central Sector Scheme and boasts a substantial financial allocation of Rs. 13,000 crore.  The designated timeframe for its implementation spans five years, encompassing FY 2023-24 through FY 2027-28. Under the PM Vishwakarma scheme, the artisans and craftspeople will be provided recognition through a PM Vishwakarma certificate and ID card, Credit Support up to Rs.1 lakh (First Tranche) and Rs.2 lakh (Second Tranche) with a concessional interest rate of 5%.

Overview PM Vishwakarma Scheme
Name of Scheme PM Vishwakarma Yojana
Launched on 17 September 2023
Benefits
  • Loan up to Rs. 2,00,000/- at 5% Interest Rate in 2 Phases.
  • Skill Training.
  • Rs. 500/- per Day Stipend during Skill Training.
  • Rs. 15,000/- for Tools Purchase.
  • PM Vishwakarma Certificate and ID Card.
Beneficiaries Artists and Craftsman

PM Vishwakarma Scheme 2023 Objectives

The primary goal of PM Vishwakarma Yojana 2023 is to fortify and foster the time-honoured Guru-Shishya parampara, a lineage-based tradition where artisans and craftsmen adeptly ply their traditional skills using handcrafted techniques and tools.

Additionally, the Vishwakarma scheme endeavours to enhance both the calibre and accessibility of products and services originating from these skilled artisans, while also facilitating the seamless integration of Vishwakarma practitioners into both local and international value chains.

PM Vishwakarma Yojana Online Apply 2023

PM Vishwakarma Scheme 2023 apply online, follow these steps:

Step 1: Registration

  • Visit the PM Vishwakarma Yojana Official Portal(https://pmvishwakarma.gov.in/) starting from September 17, 2023.
  • PM Vishwakarma Yojana online apply 2023 last date was not specify a closing date for online applications in 2023.
  • Register using your mobile number and Aadhar Card.
  • Verify your Mobile Number and Aadhar Card through OTP Authentication.

Step 2: Fill in the Registration Form

  • After verification, fill in the PM Vishwakarma Yojana Registration Form with your details, including Name, Address, and Trade-related Information.
  • Submit the Registration Form.

Step 3: Download Your Digital ID and Certificate

  • Upon successful registration, you can download the PM Vishwakarma Digital ID and Certificate for future reference.

Step 4: Login and Apply

  • Log in to the PM Vishwakarma Yojana Portal using your credentials.
  • You can apply for different scheme components on the portal.
  • Upload the required documents as specified in the scheme details.
  • Submit the Application Form for consideration.

Step 5: Verification and Disbursement

  • Officials will verify the received applications.
  • Collateral-free loans under PM Vishwakarma Yojana will be disbursed with the help of Commercial Banks, Regional Rural Banks, and Other Financial Institutions.
Note
  • Artists and Craftspeople can also register and apply for PM Vishwakarma Yojana at their nearest Common Services Centre (CSC).
  • The Government of India is planning to develop a PM Vishwakarma Yojana Mobile App for registration.

PM Vishwakarma Scheme Features 2023

  • Recognition and Support:
    • Artisans and craftspeople enrolled in the program will receive a PM Vishwakarma certificate and an identity card.
    • They will also be eligible for collateral-free credit support, with the first tranche being up to ₹1 lakh and the second tranche up to ₹2 lakh, both at a concessional interest rate of 5%.
  • Skill Development and Empowerment:
    • The Vishwakarma Yojana is allocated a budget of ₹13,000 crore to ₹15,000 crore for a five-year period from 2023-2024 to 2027-2028.
    • The scheme offers a stipend of ₹500 for skill training and ₹1,500 for the purchase of modern tools.
  • Scope and Coverage:
    • This initiative covers 18 traditional trades, spanning both rural and urban areas.
    • These trades include carpenters, boat-makers, blacksmiths, potters, sculptors, cobblers, tailors, and more.
  • Registration and Implementation:
    • Artisans can register for the Vishwakarma Yojana at common services centres in villages.
    • While the central government provides funding for the scheme, it also seeks support from state governments.
  • Integration with Value Chains:
    • A key objective of the program is to seamlessly integrate artisans into both domestic and global value chains.
    • This integration aims to enhance their market access and opportunities for growth.

PM Vishwakarma Scheme Beneficiaries

The scheme targets artisans specializing in 18 traditional trades, which encompass professions like

  • Carpentry
  • Boat crafting
  • Blacksmithing
  • Armour crafting
  • Hammer and tool kit manufacturing,
  • Locksmithing
  • Goldsmithing
  • Pottery
  • Sculpting
  • Stone carving
  • Cobbling
  • Masonry
  • Production of baskets
  • Mats and brooms
  • Coir weaving
  • Traditional doll and Toy crafting
  • Barbering
  • Garland making
  • Laundry services
  • Tailoring
  • Fishing net making

PM Vishwakarma Scheme Benefits

The following benefits will be provided to all Artisans and Craftspeople under PM Vishwakarma Yojana:-

  • Loans up to Rs. 1,00,000/- will be provided at 5% Interest Rate in 1st Phase.
  • Loans up to Rs. 2,00,000/- will be provided at 5% Interest Rate in 2nd Phase.
  • Skill Training will also Provided.
  • A stipend of Rs. 500/- per Day will be provided during the Training Period.
  • Rs. 15,000/- will be provided to Purchase Advance Tools.
  • PM Vishwakarma Certificate and Identity Card will also provided.

PM Vishwakarma Scheme Components

  • Financial Assistance: Providing monetary support to artisans.
  • Enhanced Skill Development: Offering advanced training to elevate their expertise.
  • Modern Technological Knowledge: Equipping artisans with contemporary digital techniques and eco-friendly technologies.
  • Promotion of Artisan Brands: Boosting the visibility and recognition of artisans’ brands.
  • Market Integration: Connecting artisans with both local and global markets.
  • Digital Payment Facilitation: Promoting the adoption of digital payment methods.
  • Social Security Measures: Ensuring social security for artisans.

The PM Vishwakarma Scheme, with its substantial budget and noble objectives, has the potential to transform the prospects of India’s artisans. However, its triumph will be determined by its capacity not only to provide resources but to genuinely elevate the beneficiaries, ensuring they are prepared for the future and self-reliant. Achieving this shift demands meticulous planning, profound insight, and an unwavering commitment to the well-being of artisans.

PM Vishwakarma Yojana UPSC

  • Vishwakarma Jayanti, celebrated on the 17th of September each year, is a sacred occasion that commemorates the birth of Lord Vishwakarma, the esteemed son of Lord Brahma.
  • On this day, factory and shop owners engage in special religious ceremonies, seeking the blessings of Lord Vishwakarma to ensure success and prosperity in their respective vocations.

Sharing is caring!

PM Vishwakarma Yojana Scheme FAQs

What is Vishwakarma Yojana 2023?

The Vishwakarma Yojana, named after the divine craftsman Vishwakarma, aims to empower traditional craftsmen, especially from the Other Backward Classes (OBC), by preserving and enhancing the generational transfer of artisanal skills within families. This pioneering scheme is dedicated to uplifting OBC artisans and nurturing the guru-shishya tradition.

How much PM Vishwakarma Yojana 2023 Budget?

The scheme is allocated a budget of Rs 13,000 crore spanning five years, covering the fiscal years from 2023-24 to 2027-28.

Why is Vishwakarma Day celebrated?

Vishwakarma Jayanti is a revered Indian festival celebrating the birth of Lord Vishwakarma, the divine architect. It honors his craftsmanship and contributions in building celestial wonders, with devotees across India participating in rituals and prayers.

Leave a comment

Your email address will not be published. Required fields are marked *