Central Idea
- The Union Cabinet has given its nod to the PM Vishwakarma Scheme, a groundbreaking initiative aimed at uplifting artisans and craftsmen in India.
What is PM Vishwakarma Scheme?
- Supporting Artisans: It will be a Central Sector Scheme with twofold objective: to nurture the Guru-Shishya Parampara:
- Age-old tradition of imparting skills within families, and
- To uplift artisans and craftsmen engaged in manual trades.
- Coverage: This comprehensive scheme encompasses 18 traditional trades in its initial phase, including blacksmiths, carpenters, potters, goldsmiths, tailors, and more, who form the bedrock of rural economies.
Key Highlights of Scheme
- Financial Provision: The scheme is fortified by a budgetary outlay of ₹13,000 crore, ensuring robust financial support to artisans and craftsmen.
- Recognition and ID: Artisans and craftspeople will receive recognition through the prestigious PM Vishwakarma certificate and an official ID card, validating their skills and contributions.
- Credit Support: The scheme provides access to credit support, offering up to ₹1 lakh in the first tranche and ₹2 lakh in the second tranche, with an advantageous interest rate of 5%.
- Skill Upgradation: To enhance expertise, the scheme includes skill upgradation programs encompassing both basic and advanced training. Participants will receive a stipend of ₹500 per day during training.
- Modern Tools and Incentives: Beneficiaries will be granted up to ₹15,000 to acquire modern tools, further improving the quality and efficiency of their work.
- Digital Transactions and Marketing: Embracing modern practices, the scheme encourages digital transactions and marketing support, linking artisans with broader markets.
