PM Vishwakarma Scheme

More about PM Vishwakarma Scheme

Context: PM Vishwakarma Scheme is a central sector scheme under Ministry of Micro, Small and Micro Enterprises to provide end-to-end support to artisans and craftspeople who work with their hands and tools.

What is PM Vishwakarma Scheme?

Coverage of the scheme: PM Vishwakarma scheme covers artisans and craftspeople engaged in 18 trades:

  1. Carpenter
  2. Boat Maker
  3. Armourer
  4. Blacksmith
  5. Hammer and tool kit maker
  6. Locksmith
  7. Goldsmith
  8. Potter
  9. Sculpture and stone maker
  10. Cobbler/Shoe smith/Footwear artisan
  11. Mason
  12. Basket/Mat/Broom maker/Coir Weaver
  13. Doll & Toy Maker
  14. Barber
  15. Garland maker
  16. Washerman
  17. Tailor
  18. Fishing net maker
PM Vishwakarma Scheme 1

Benefits under PM Vishwakarma Scheme to artisans and craftspeople

  • Recognition: Recognition of artisans and craftspeople through PM Vishwakarma certificate and ID card.
  • Skill upgradation: Basic training of 5-7 days and advanced training of 15 days with a stiped of Rs 500 per day.
  • Toolkit incentive: A toolkit incentive of up to Rs 15,000 in the form of e-vouchers at the beginning of Basic Skill Training. 
  • Credit support: Collateral free ‘Enterprise Development Loans’ of up to Rs 3 lakh in two tranches of Rs 1 Lakh and Rs 2 lakh with tenures of 18 months and 30 months, respectively, at a concessional rate of interest fixed at 5%, with interest subvention of up to 8% provided by Government of India. Beneficiaries who have completed Basic Training will be eligible to avail the first tranche of credit support of up to Rs. 1 lakh. The second loan tranche will be available to beneficiaries who have availed the 1st tranche and maintained a standard loan account and have adopted digital transactions in their business or have undergone Advanced Training.
  • Incentive for Digital Transaction: An amount of Re. 1 per digital transaction, up to maximum 100 transactions monthly will be credited to the beneficiary’s account for each digital pay-out or receipt. 
  • Marketing Support: Marketing support will be provided to artisans and craftspeople in the form of quality certification, branding, onboarding on e-commerce platforms such as GeMs, advertising, publicity and other marketing activities to improve linkage to value chain.
  • Beneficiaries under the scheme will be onboarded on Udyam Assist Platform as entrepreneurs in the formal MSME ecosystem.
  • Enrolment process: Enrolment of beneficiaries shall be done through Common Service Centres with Aadhar based biometric authentication on PM Vishwakarma portal. The enrolment of beneficiaries will be followed by a three-step verification which will include (i) Verification at Gram Panchayat/ ULB level, (ii) Vetting and Recommendation by the District Implementation Committee (iii) Approval by the Screening Committee.

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