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About The PM Vishwakarma Yojana

Context:

Since the launch of the PM Vishwakarma Yojana in 2023, it has made significant strides in supporting traditional craftspeople and artisans across the country. –  a substantial number of applications, with a large portion successfully completing the multi-step registration process.  

Relevance:

GS II: Government Policies and Interventions

Dimensions of the Article:

  1. Vishwakarma Yojana: Empowering Artisans and Craftsmen
  2. Empowering Rural Women: The Lakhpati Didi Scheme

Vishwakarma Yojana: Empowering Artisans and Craftsmen

  • The Vishwakarma Yojana is an innovative initiative aimed at uplifting skilled traditional craftsmen, particularly from the Other Backward Classes (OBC) community.
  • This scheme is named after Vishwakarma, the divine architect and craftsman, and aims to perpetuate the guru-shishya parampara or teacher-pupil tradition within artisan families.
Key Features:

Recognition and Identity:

  • Artisans and craftsmen enrolled in the scheme will be granted a PM Vishwakarma certificate and an official identity card.

Financial Support:

  • Beneficiaries are eligible for collateral-free credit support of up to ₹1 lakh (first tranche) and ₹2 lakh (second tranche) at a concessional interest rate of 5%.

Budget Allocation:

  • The Vishwakarma Yojana has been allocated a budget ranging from ₹13,000 crore to ₹15,000 crore for five financial years from 2023-2024 to 2027-2028.

Skill Training and Tools:

  • The scheme offers a stipend of ₹500 for skill training and ₹1,500 for the acquisition of modern tools.

Diverse Traditional Trades:

  • Encompassing both rural and urban areas, the scheme covers 18 traditional trades such as carpentry, boat-making, blacksmithing, pottery, sculpting, cobbling, tailoring, and more.

Registration Process:

  • Registration for the Vishwakarma Yojana can be completed at common services centers situated in villages.

Collaborative Support:

  • While the central government provides funding, collaboration with state governments is also sought for the successful implementation of the scheme.

Market Integration:

  • A significant goal of the scheme is to seamlessly integrate artisans into domestic and global value chains, opening doors to improved market access and opportunities.

-Source: The Hindu


December 2024
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