PM Vishwakarma Yojana 2024: On his 73rd birthday, PM Narendra Modi launched the PM Vishwakarma Yojana, an initiative that promises to bring about several benefits to the people. The launch event took place at the India International Convention and Expo Centre, specifically at the Yashobhoomi Convention Center in Dwarka. This yojana offers cash support, as well as other perks, which will undoubtedly be of great benefit to individuals. It is yet another step towards realizing the government’s vision for a more prosperous and equitable society.
The PM Vishwakarma Yojana has become a popular scheme among people who are looking to apply and avail of its benefits. To understand more about this program, individuals can read the post which explains the eligibility criteria, features, benefits, objectives, registration, online application process, and more. With its implementation in 2024, this scheme aims to provide financial assistance and support to artisans and craftsmen across the country. The eligibility criteria for this program are quite simple, and anyone who fulfills them can apply online to avail of the benefits offered by this scheme.
PM Vishwakarma Yojana 2024
On the occasion of Vishwakarma Jayanti, Prime Minister Narendra Modi launched the PM Vishwakarma Yojana on his 73rd birthday. This scheme offers financial aid to small artisans and skilled workers, along with training, guidance on skill development, and knowledge of modern techniques. The program is estimated to cost around 15 crore rupees and reflects the government’s commitment to support traditional trades like washermen, haircuts, goldsmiths, bricklayers, and metalworkers.
The initiative aims to improve the livelihoods of struggling skilled craftsmen by providing liquidity and training opportunities. By enabling them to acquire new skills and modernize their techniques, this scheme can potentially uplift their socio-economic status. Furthermore, this initiative can contribute to the overall growth of the country’s economy by promoting entrepreneurship and creating employment opportunities for skilled workers in various fields. The PM Vishwakarma Yojana is a step towards empowering artisans and transforming the traditional Indian market into a modern one.
PM Vishwakarma Yojana 2024 Details
|PM Vishwakarma Yojana
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Highlights of PM Vishwakarma Yojana
PM Vishwakarma Yojana emphasizes the government’s steadfast commitment to enhancing citizens’ lives and improving financial behavior through numerous effective schemes.
- The benefits of PM Vishwakarma Yojana to small businesses through the establishment of timelines and allocation of funds.
- The estimated cost for implementation ranges from 13,000 to 15,000 crores.
- The government is significantly committed to improving schemes such as PM Kisan Samman Nidhi Yojana, Jal Jeevan Mission, Ayushman Bharat Yojana, and Livestock Scheme through this PM initiative.
- Farmers have been granted 2.5 lakh crore rupees through the PM Kisan Samman Nidhi Yojana.
- Two lakh crore rupees allocated for the Jal Jeevan Mission.
- The scheme expenditure of Ayushman Bharat was 70,000 crore rupees.
- Approximately Rs. 15,000 crore invested in Livestock Scheme.
Objectives & Approaches
The Objectives and approaches of PM Vishwakarma Yojana 2024 are as follows:
- Promote possibilities of training and ability development.
- Encouraging the use of modern technology.
- Provide clear assistance for financing with no assets as collateral.
- Promote online commerce.
- Establish an atmosphere for market networking and promotional sports for brands.
- The application offers creators of art and craftsmanship a step-by-step guide.
- It seeks to preserve perpetuated abilities and traditions of culture.
- It seems to get respondents into the economic device.
- Both urban and rural regions will see rollout, with a phased method to district saturation.
- It enables women and needy or oppressed companies to get greater effectiveness.
- Promotes expertise in fitness, pension benefits, and insurance systems.
PM Vishwakarma Yojana Features
The PM Vishwakarma Yojana is a scheme designed specifically for skilled craftsmen and tradespeople. It offers several unique features, such as financial assistance for tool purchases, skill upgradation programs, and access to credit facilities. The objective of this scheme is to support and promote entrepreneurship in the informal sector by providing opportunities for growth and development. Additionally, it aims to preserve traditional skills and crafts by incentivizing the next generation of artisans to continue practicing them.
Scope and Coverage
The initiative aims to revive and promote traditional trades in rural and remote regions. It includes 18 different trades such as carpentry, boat-making, blacksmithing, pottery, sculpture, cobbling, tailoring, and more. By supporting these traditional trades, the initiative aims to preserve cultural heritage and provide economic opportunities for people living in these regions. Additionally, it can also help in boosting tourism by showcasing unique local craftsmanship.
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Recognition and Support
Participants of the program will be granted a PM Vishwakarma certificate and an identity card. These certificates and cards serve as proof of their participation in the program. Additionally, they are eligible for a collateral-free credit guide which can amount to ₹1 lakh the first time and ₹2 lakh the second time, both at a discounted 5% interest rate. This benefit enables participants to start or expand their businesses with access to affordable credit. Overall, the program aims to empower individuals with entrepreneurial skills and provide them with the necessary resources for success.
Skill Development and Empowerment
The scheme mentioned above has a budget of ₹13,000 to ₹15,000 crore allocated over five years from 2023-2028. It offers a stipend of ₹500 for skill training and ₹1,500 for purchasing contemporary tools. This initiative aims to provide individuals with the necessary skills and resources to enhance their employability and contribute towards the growth of the economy. With adequate training and access to modern tools, individuals can develop new skills and improve their productivity, thereby increasing their chances of securing better job opportunities. Ultimately, this scheme can play a vital role in bridging the skill gap prevalent in many industries today.
Integration with Value Chains
The primary aim of this scheme is to integrate artisans smoothly into the domestic and global value chains, providing them with better market access and growth opportunities. By doing so, the scheme seeks to empower artisans and boost their economic prospects. With improved market linkages, artisans can tap into a larger customer base and benefit from economies of scale. This can lead to increased income and better livelihoods for artisans and their families. Moreover, the scheme can also help preserve traditional crafts and promote cultural heritage by facilitating the exchange of skills and knowledge between artisans from different regions and communities.
Registration and Implementation
Craftsmen in rural areas can now enroll at service centers with funding from the government and assistance from national authorities. The program aims to support rural craftsmen by providing them with resources that they may not have access to otherwise. With this initiative, rural craftsmen can gain the skills and knowledge necessary to enhance their craft and expand their business. The government hopes that this program will also help boost the local economy by promoting rural industries and creating more job opportunities in these areas.
PM Vishwakarma Yojana 2023 Benefits
The PM Vishwakarma Yojana offers numerous benefits to artisans and craftspeople who enroll in the program. Some of these benefits include access to financial assistance in the form of loans and subsidies, training programs to enhance their skills, and exposure to new markets that can provide greater opportunities for growth and success. Additionally, participating in the program can help artisans and craftspeople to gain recognition for their work and contribute towards preserving traditional arts and crafts that are an important part of India’s cultural heritage.
Access to Loans
The artisans can avail themselves of quick loans of up to Rs. 1,00,000 in the initial phase at a low interest rate of just 5%. As they progress, this loan limit increases to Rs. 2,00,000 with the same attractive interest rate. This initiative aims to support artisans by providing them with easy access to credit at affordable rates, helping them expand their businesses and improve their livelihoods. The low-interest rates make these loans an accessible source of financing for small business owners who might otherwise struggle to secure funding from traditional financial institutions.
The scheme mentioned emphasizes the significance of talent development and provides a comprehensive education to individuals, enabling them to enhance their skills and knowledge. This not only allows them to refine their craft but also helps them become experts in their respective fields. By prioritizing talent development, this scheme aims to create a pool of highly skilled professionals who can contribute significantly to their industries and, ultimately, society as a whole. Additionally, this scheme can help bridge the skill gap that exists in various sectors and improve the overall quality of work produced by professionals.
Beneficiaries undergoing training are eligible to receive a daily stipend of Rs. 500, which provides them with financial support as they gain new skills. This stipend can help individuals cover their basic expenses and alleviate some of the financial burden associated with learning new skills. Providing financial assistance to trainees is an effective way to encourage more people to participate in training programs and acquire the necessary skills for better employment opportunities. Additionally, it also helps in reducing the skill gap prevalent in the workforce by promoting upskilling and reskilling initiatives.
Tool Kit Assistance
To aid the work of artisans, this scheme provides a monetary grant of Rs. 15,000 to purchase advanced tools and equipment. This initiative aims to enhance the quality of their craftsmanship by giving them access to modern technology that can help them produce better goods. The scheme is also designed to encourage traditional art forms and support the livelihoods of skilled artisans. By providing financial assistance for tools and equipment, the government is empowering these craftsmen and women to create more innovative and high-quality products, which can ultimately lead to increased economic growth in their communities.
The PM Vishwakarma Certificate and Identity Card are provided to participants as a recognition of their knowledge and contribution to the yojana. The certificate and ID card serve as proof of their involvement in the program, which can be used for future job opportunities or further education. It is an esteemed achievement that participants can be proud of and showcase as a symbol of their dedication towards skill development.
PM Vishwakarma Yojana 2024 Eligibility Criteria
In order to apply for the PM Vishwakarma scheme, you must meet the following eligibility criteria
- Before anything else, you need to be an artisan or craftsman working in any of the 18 trades.
- The program includes a variety of crafts such as lock smithing, boat building, carpentry, and goldsmithing.
- Furthermore, you must be over 18 years old, and none of your family members can be working for the government.
- Only one family member can benefit from the scheme’s advantages.
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Required Documents for online application
In order to apply for this program, these are the necessary documents you will need.
- Aadhaar Card,
- Pan Card
- Bank Account Passbook
- Educational Qualification Certificate
- Active Mobile Number and
- Passport Size Photograph Etc.
After meeting the eligibility criteria and bringing the required documents, you can proceed to registration and then apply for the PM Vishwakarma scheme.
PM Vishwakarma Yojana Registration
- If you meet the requirements of the program, you are eligible to complete the PM Vishwakarma Yojana Registration Form.
- All individuals interested in completing the registration process can visit https://pmvishwakarma.gov.in/
- During the registration process, you might need to provide essential details such as your Aadhaar card, bank account number, passbook, as well as talent certificates and other documents.
- Ensure you read and adhere to all the guidelines provided on the website in order to complete the registration process.
Upon finishing the registration process, candidates are advised to review the beneficiary list to determine if they have been approved for PM Vishwakarma Yojana benefits.
PM Vishwakarma Yojana Amount
The eligible beneficiaries receive the following number of incentives through PM Vishwakarma Yojana:
- Minimum Amount = Rs. 15,000/-
- Maximum Amount = Rs. 1,00,000/-
Recognition and Certification
Apart from providing training, this program also recognizes and certifies skilled staff, acknowledging their valuable contributions to the organization. This formal acknowledgment of their skills can open doors to better opportunities and career growth. Additionally, this program offers a variety of certifications that participants can earn, which can enhance their credibility and increase their chances of landing new job roles. Overall, this program not only helps individuals improve their skills but also recognizes their hard work and dedication.
Facilitation Credit Support
This yojana aims to provide credit assistance to skilled workers who wish to set up their own businesses or expand their existing enterprises. By removing the financial constraints that often hinder such individuals, this scheme empowers them to venture into entrepreneurship and stimulate economic growth. In addition to creating employment opportunities, the accessible credit options provided by this yojana also help to elevate the standard of living for these skilled workers and their families. Overall, this initiative plays a crucial role in promoting self-reliance and fostering innovation in India’s economy.
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How to check the PM Vishwakarma Yojana application status
- To start with, you must visit the Official Website.
- Upon accessing the official website, the homepage will be displayed.
- You are required to select the Vishwakarma Shram Samman Yojana option on this homepage.
- Upon selecting this option, the subsequent page will be displayed.
- The form to check the status of your application can be found on this page.
- You are required to complete your application.
- Following this action, you are to click the button to verify the status of your application, after which the application status will be displayed.
How To Apply Online PM Vishwakarma Yojana 2024
If you’re a skilled worker looking to take advantage of the PM Vishwakarma Yojana in 2024, you may be wondering how to apply online. This government scheme is designed to provide financial assistance and support to individuals in the industrial sector. In this blog post, we will walk you through the step-by-step process of applying for the PM Vishwakarma Yojana online. From eligibility criteria to required documents, we’ve got you covered. So, if you’re ready to take your career to new heights with the help of this scheme, keep reading!
In order to apply for the PM Vishwakarma Yojana 2024 online, you need to follow the steps provided below on the website.
- Begin by utilizing the browser to reach the official website, https://pmvishwakarma.gov.in/.
- Click on the registration link to proceed.
- Upon completing the registration process with your information, proceed to the application form.
- Please provide your name, skills, Aadhaar card number, and any other required information in the designated fields.
- Please fill out the application form on the portal, attach your documents, and proceed with the final submission.
PM Vishwakarma Yojana is a government initiative aimed at empowering and providing employment opportunities to the Vishwakarma community in India. The scheme offers various vocational training programs to individuals belonging to the community, thereby enhancing their skillset and opening up avenues for better job prospects. This program is a stepping stone towards building a more inclusive and equitable society by promoting skill development among marginalized communities. Through this scheme, the government seeks to promote entrepreneurship, increase employability, and uplift the socio-economic status of the Vishwakarma community in India.
PM Vishwakarma Yojana 2024 FAQ’S
Who is eligible for PM Vishwakarma scheme?
A person who works with their hands and tools in a traditional family trade in the unorganized sector as a self-employed artisan or craftsperson is qualified to register for the PM Vishwakarma scheme. The beneficiary must be at least 18 years old at the time of registration.
What is the amount of loan in PM Vishwakarma?
'Enterprise Development Loans' of up to Rs. 3 lakh are available without the need for collateral, provided in two installments of Rs. 1 lakh and Rs. 2 lakh.
What are the benefits of PM Vishwakarma?
There will be a daily salary of Rs. 500 during the training session. A ₹15,000 toolkit reward is offered at the onset of basic training.
Who is the beneficiary of PM Vishwakarma Yojana?
PM Vishwakarma Yojana supports artisans and craftspeople who work with their hands and tools.