PM Vishwakarma Scheme registrations started

Prime Minister of India Narendra Modi has launched the Prime Minister (PM) Vishwakarma Scheme on the occasion of Vishwakarma Jayanti, the PM Vishwakarma Scheme provides formal training for upgradation and modernisation of traditional skills amid a changing economic landscape

The Scheme offers financial assistance and creates avenues of market linkage for persons working in 18 trades and crafts which include carpenter, sculptor, cobbler, mason, basket maker, doll and toy maker, barber, garland maker, boat maker, armourer, blacksmith, hammer and tool kit maker, locksmith, goldsmith, potter, washerman, tailor and fishing net maker

PM Vishwakarma Scheme will be conjointly implemented by the Ministry of Micro, Small and Medium Enterprises (MoMSME), the Ministry of Skill Development and Entrepreneurship (MSDE) and the Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India

PM Vishwakarma will be initially implemented for five years up to 2027-28, the scheme aims to enable the recognition of artisans and craftspeople as Vishwakarma, making them eligible to avail all the benefits under the Scheme, it provide skill upgradation to hone their skills and make relevant and suitable training opportunities available to them

ELIGIBILITY

An artisan or craftsperson working with hands and tools, minimum age of the beneficiary should be 18 years on the date of registration and should not have availed loans under similar credit-based schemes of Central Government or State Government for self-employment / business development are eligible to apply, The registration and benefits under the Scheme shall be restricted to one member of the family, A person in government service and any of the family members shall not be eligible under the Scheme

BENEFITS

The artisans and craftspeople will receive PM Vishwakarma Certificate and PM Vishwakarma ID Card, The certificate shall enable the applicant’s recognition as a Vishwakarma and shall make them eligible to avail all the benefits under the Scheme, Basic Training of about 40 hours, over 5-7 days to be given, The training will be delivered through experienced, certified trainers in a classroom mode with training equipment and tools for practical training, Training material for about 40 hours training along with manuals on toolkits will be provided

At the end of the basic training, an independent assessment will be conducted, and National Skill Qualification Framework (NSQF) certification will be provided to successful candidates, Board and lodging during the training will be provided free of cost and wage compensation support will be provided in the form of Rs. 500 stipend per day, Training stipend will be credited to the beneficiaries bank account through DBT mode after training completion and certification by MSDE

A toolkit incentive of upto Rs. 15,000 will be provided to the beneficiary after Skill Assessment at the start of Basic Training

Under PM Vishwakarma, financial support will be provided to the targeted beneficiaries in the form of collateral free ‘Enterprise Development Loans, The total amount of loan assistance would be Rs 3 Lakhs, the beneficiaries can avail the first loan tranche upto Rs 1 Lakh and second loan tranche upto Rs 2 Lakh, The loan is required to be repaid in monthly installment, NCM will facilitate linking the beneficiaries with suitable exporters and traders operating under this sector.

HOW TO APPLY

The beneficiary can apply either directly or with the help of the CSCs through Village Level Entrepreneurs (VLEs) or Enumerator, The beneficiary shall furnish his/her Aadhaar seeded bank account details at the time of application, All registrations under PM Vishwakarma will be Aadhaar-based and the authentication will be through biometric

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