PM Vishwakarma Yojana 2023 Benefits – Application Form

Posted on By indiashine

PM Vishwakarma Yojana 2023 Application Form – Pradhan Mantri Shri Narendra Modi made a big announcement about a new government scheme on the occasion of the 77th Independence Day. The program’s objective is to support the practice of traditional craftsmanship in the country.  Yes, we are talking about the latest Vishwakarma Yojana 2023.

The Vishwakarma Yojana received approval from the cabinet on 17th August 2023, just two days after PM Modi addressed the scheme in his 15th August Speech.

Vishwakarma jayanti

Now, the scheme is all set to be implemented on the Vishwakarma Jayanti, i.e., on 17th September 2023. To know the details related to the new Vishwakarma Yojana launched by the government, kindly read the complete article.

Vishwakarma Yojana 2023

Vishwakarma Yojana 2023 is an upliftment scheme issued by the government to bring forth the artisans and craftsman community. PM Modi claimed that this program will have significant and immediate benefits for small companies and craftspeople.

He further mentioned the reason for initiating the Vishwakarma Yojana, a result of artisan families leaving their professions due to minimal funding and recognition. Thus, the scheme will encourage the family-based practice of traditional craftsman skills.

A budget of Rs 13,000 crore for the term of five years has been allocated for this new government program. The sum will be put to use in providing financial aid to the artisans and craftsman families.

Beneficiaries under Vishwakarma Yojana

Traditional businesspeople who rely on manual labor, such as carpenters, tailors, basket weavers, barbers, goldsmiths, blacksmiths, potters, confectioners, cobblers, and artists of handicrafts, will profit from this program.

In the initial phase, the PM Vishwakarma Yojana will explicitly provide coverage to these 18 traditional professionals from both urban and rural areas. Here is the list of beneficiaries covered under the Vishwakarma Scheme:

  1. Blacksmith
  2. Goldsmith
  3. Locksmith
  4. Potter
  5. Sculptor
  6. Cobbler/ Footwear Maker
  7. Tailor
  8. Barber
  9. Carpenter
  10. Fishing Net Maker/Weaver
  11. Garlandland Maker
  12. Dolls and Toys Maker
  13. Stone Breaker
  14. Boat Maker
  15. Tool Kit Maker
  16. Armourer
  17. Mason/ Basket/Mat/Broom Maker
  18. Washerman

Also Read:- Small Business with Investment of Rs.10000

Benefits of Vishwakarma Yojana 2023

The benefits of Vishwakarma Yojana extend from providing financial aid to under-looked artisan families to preserving the traditional arts and crafts culture of India. Here is detailed information for the same.

Easy Loans for Workers

Under the Vishwakarma Yojana, beneficiaries will get easy loans of up to 2 Lakhs at minimum interest rates.

The government will initially offer artisans loans up to Rs 1 lakh at an exceptionally low interest rate of 5%. The program would continue to offer loan support in the next phase, up to Rs 2 lakh, while keeping the competitive interest rate at 5%.

Opportunity for Skill Enhancement

Carpenters, tailors, basket weavers, barbers, goldsmiths, blacksmiths, potters, confectioners, cobblers, etc. will all receive skill upgradation training as part of the PM Vishwakarma Yojana.

The training program will be complimented along with offering financial support to the trainees. During the training time, participants will be entitled to a stipend of Rs 500 each day.

Moreover, they will also receive toolkit incentives to buy contemporary tools and incentives for digital transactions and marketing to increase their reach in the local and global market chain.

Professional Recognition to Artisans

The idea behind the PM Vishwakarma Yojana is to protect the traditional craftsman culture and provide recognition and support to the artisans.

Thus, owing to the objective of the scheme, the PM Vishwakarma certificate and ID card will be given to artisans and craftsmen, helping to establish their professional identification.

Vishwakarma Yojana Application Form

As there is no official information regarding the registration process for Vishwakarma Yojana, the application form for the same is yet to be released.

The official website to enrol for the Yojana is also awaited and we hope that it will be launched soon by the government.

Like other government schemes, chances are high that the Vishwakarma Yojana Application form will be made available, both in online and offline modes.

However, we suggest waiting for any official notification to arrive. After that, eligible craftsmen can apply for the scheme by submitting the required documents and completing the paperwork.

Conclusion

By providing craftsmen with better and more affordable raw materials, tools, and training, the Vishwakarma Yojana seeks to increase the standard, scope, and accessibility of the goods and services they can offer.

Moreover, Union Minister Ashwini Vaishnaw stated that the Vishwakarma Yojana might benefit as many as 30 lakh families. The visionary scheme of the government will support artists and craftspeople in both rural and urban parts of India, starting from its effect on 17th September 2023.

To get notifications about the registration and application process for the newly launched PM Vishwakarma Yojana, stay connected with us, as we keep updating the website with all the latest news.

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Government Scheme