The central government has launched the Pradhan Mantri Vishwakarma Yojana (PMVY), a scheme to empower skilled artisans from various traditional trades across India. This initiative aims to provide financial assistance and skill development support to eligible individuals in trades like carpentry, goldsmithing, pottery, and more. Here’s a breakdown of how you can benefit from this scheme.
Key Benefits of PM Vishwakarma Yojana
1. Interest-Subsidized Loan Without Collateral
The most attractive feature of this scheme is the easy access to loans without requiring collateral. Eligible artisans can take a loan of up to ₹3 lakh at a low interest rate of 5% per annum. This loan is provided in two steps:
- In the initial phase, artisans can avail a loan of ₹1 lakh to start their business.
- For those needing further funds to expand, an additional ₹2 lakh loan is provided in the second phase.
2. Skill Training with Daily Stipend
To promote better work standards and upgrade skills, PM Vishwakarma Yojana offers training for people involved in traditional trades. Artisans receive comprehensive training from master trainers in their specific fields, and they are given a daily stipend of ₹500 during the training period.
3. Financial Support for Toolkits
Participants receive a toolkit incentive of ₹15,000 to help them invest in necessary tools or equipment for their trades. This is particularly beneficial for artisans who need specific tools but face financial limitations.
4. Recognition and Digital Incentives
Participants get a PM Vishwakarma certificate and ID card, formalizing their trade skills. They’re also encouraged to engage in digital transactions with incentives provided by the government to ease their transition into the digital economy.
Who Can Apply for PM Vishwakarma Yojana?
To be eligible for the scheme, applicants must meet the following criteria:
- Be Indian citizens aged between 18 to 50.
- Have a background in one of the 18 listed traditional trades. These include carpenters, blacksmiths, cobblers, masons, boat makers, potters, goldsmiths, and others.
- Belong to one of the specified 140 castes outlined in the scheme.
Documents Required: Applicants need the following documents for the application process:
- Aadhar card and PAN card
- Income certificate and caste certificate
- Residence proof and identity card
- Bank passbook and a passport-sized photograph
- A valid mobile number for verification
How to Apply for PM Vishwakarma Yojana
Here’s a step-by-step guide to applying for the scheme:
- Visit the Official Website
Go to pmvishwakarma.gov.in. - Register Online
On the homepage, click on PM Vishwakarma Kaushal Samman Yojana and select Apply Online. Register by filling in your details. Once you’ve submitted your information, you’ll receive a registration number and password on your mobile phone via SMS. - Complete the Application Form
Use your registration details to log in. Fill out the application form, ensuring that all information is accurate. - Upload Required Documents
Scan and upload the necessary documents as per the guidelines on the portal. - Review and Submit
Double-check the information entered and submit the form.
PM Vishwakarma Yojana is an encouraging initiative for skilled workers in India’s traditional sectors, offering loans at a low interest rate, toolkit support, and skill development. This scheme represents a significant opportunity for artisans to start or expand their businesses and strengthen their livelihoods.
