Who Can Apply for the PM Vishwakarma Yojana? How Can Artisans Benefit?

The Pradhan Mantri Vishwakarma Yojana (PMVY), launched on September 17, 2023 by Prime Minister Narendra Modi, is a government initiative aimed at supporting traditional artisans and craftsmen across India. The scheme provides financial aid, skill development, and modern tools to help artisans improve productivity, expand their businesses, and access larger markets.

Who Can Apply for PM Vishwakarma Yojana?

PM Vishwakarma scheme aims to provide several benefits to the vishwakarmas, who are either self employed or intend to set up their own small-scale ventures. The scheme targets artisans working in the unorganized sector, especially those engaged in 18 identified traditional trades. Eligible applicants must:

• Be Indian citizens

• Be at least 18 years old

• Work on a self-employment basis in one of the recognized trades

• Not have availed similar government schemes like PMEGP, PM SVANidhi, or Mudra loans in the past

This ensures that the scheme reaches artisans who genuinely need support to expand their skills and businesses.

How Artisans Can Get Benefits

The Pradhan Mantri Vishwakarma Yojana offers multiple benefits:

1. Financial Assistance

   • Collateral-free loans up to ₹3 lakh in two installments: ₹1 lakh for 18 months and ₹2 lakh for 30 months

   • Loans are provided at a concessional 5% interest rate with an 8% government interest subvention

2. Skill Development and Training

   • Artisans can undergo training programs with daily stipends of ₹500

   • Training includes basic and advanced modules to enhance trade-specific skills

3. Modern Toolkits

   • Beneficiaries receive up to ₹15,000 in e-vouchers to buy modern tools, improving quality and efficiency

4. Digital Transactions Incentive

   • Artisans are encouraged to adopt digital payments

   • ₹1 per transaction is credited for up to 100 digital transactions per month

5. Marketing and Branding Support

   • The scheme helps artisans establish online presence, get quality certification, and access wider markets

How to Apply for PM Vishwakarma Yojana

Applying for the scheme is straightforward:

1. Visit the official portal: pmvishwakarma.gov.in

2. Register with your Aadhaar and personal details

3. Upload documents: Aadhaar, bank account details, and proof of trade

4. Attend training modules to qualify for benefits

5. Apply for loans and e-vouchers for tools and modernization

6. Receive incentives for digital transactions and support for marketing

Impact of the Scheme

Since its launch, over 30 lakh artisans have registered for the scheme. Many have received training, financial assistance, and modern tools to expand their businesses. While some challenges such as documentation discrepancies and regional awareness exist, the government continues to ensure that benefits reach deserving artisans.

The Pradhan Mantri Vishwakarma Yojana is a major step toward empowering India’s traditional artisans. By combining financial aid, skill development, and market access, the scheme enables craftsmen to improve their livelihoods and integrate into the modern economy. If you are an eligible artisan, this is an excellent opportunity to grow your business, enhance your skills, and secure financial stability.

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