PM Vishwakarma Loan Scheme - ScrollTelangana -

PM Vishwakarma Loan Scheme:The scheme will provide support to artisans and craftspeople of rural and urban areas across India. Eighteen traditional trades will be covered in the first instance under PM Vishwakarma. These trades include (i) Carpenter (Suthar); (ii) Boat Maker; (iii) Armourer; (iv) Blacksmith (Lohar); (v) Hammer and Tool Kit Maker; (vi) Locksmith; (vii) Goldsmith (Sonar); (viii) Potter (Kumhaar); (ix) Sculptor (Moortikar, stone carver), Stone breaker; (x) Cobbler(Charmkar)/ Shoesmith/Footwear artisan; (xi) Mason (Rajmistri); (xii) Basket/Mat/Broom Maker/Coir Weaver; (xiii) Doll & Toy Maker (Traditional); (xiv) Barber (Naai); (xv) Garland maker (Malakaar); (xvi) Washerman (Dhobi); (xvii) Tailor (Darzi); and (xviii) Fishing Net Maker.

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PM Vishwakarma Scheme

“PM Vishwakarma” with a financial outlay of Rs.13,000 crore for a period of five years (FY 2023-24 to FY 2027-28). The scheme aims to strengthen and nurture the Guru-Shishya parampara or family-based practice of traditional skills by artisans and craftspeople working with their hands and tools. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople and to ensure that the Vishwakarmas are integrated with the domestic and global value chains.

Under PM Vishwakarma scheme, the artisans and craftspeople will be provided recognition through PM Vishwakarma certificate and ID card, Credit Support up to Rs.1 lakh (First Tranche) and Rs.2 lakh (Second Tranche) with a concessional interest rate of 5%. The Scheme will further provide Skill Upgradation, Toolkit Incentives, Incentive for Digital Transactions, and Marketing Support.

PM Vishwakarma Scheme Objectives

PM Vishwakarma is a new scheme and envisages to provide end-to-end holistic support to the traditional artisans and craftspeople in scaling up of their conventional products and services.

The objectives of the scheme are as given below: 1. To enable the recognition of artisans and craftspeople as Vishwakarma making them eligible to avail all the benefits under the Scheme. 2. To provide skill upgradation to hone their skills and make relevant and suitable training opportunities available to them. 3. To provide support for better and modern tools to enhance their capability, productivity, and quality of products. 4. To provide the intended beneficiaries an easy access to collateral-free credit and reduce the cost of credit by providing interest subvention. 5. To provide incentives for digital transactions to encourage the digital empowerment of these Vishwakarmas. 6. To provide a platform for brand promotion and market linkages to help them access new opportunities for growth.

PM Vishwakarma Scheme Benefits

Recognition:
Recognition as Vishwakarma through Certificate and ID Card
Skilling:
a.Skill Verification followed by 5-7 days (40 hours) Basic Training
b. Interested candidates can also enroll for 15 days (120 hours) Advanced
Training
c.Training Stipend: Rs 500 per day.
Toolkit Incentive: Rs 15,000 grant.
Credit Support:
a. Collateral free Enterprise Development Loans: Rs 1 lakh (First Tranche
for 18 months repayment) & Rs 2 lakh (Second Tranche for 30 months
repayment)
b. Concessional Rate of Interest: 5% to be charged from the beneficiary
with Interest Subvention cap of 8% to be paid by MoMSME
c. Credit Guarantee fees to be borne by GoI.
Incentive for Digital Transaction:
Re 1 per transaction for maximum upto100 transactions (monthly)
Marketing Support:
National Committee for Marketing (NCM) will provide services such as Quality
Certification, Branding & Promotion, E-commerce linkage, Trade Fairs
advertising, publicity and other marketing activities.

PM Vishwakarma Scheme Eligibility

An artisan or craftsperson working with hands and tools and engaged in
one of the 18 family-based traditional trades mentioned in the scheme, in
unorganized sector on self-employment basis, shall be eligible for
registration under PM Vishwakarma.
The minimum age of the beneficiary should be 18 years on the date of
registration.
The beneficiary should be engaged in the concerned trade 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, e.g. PMEGP, PM SVANidhi, Mudra, in the past 5
years.
The registration and benefits under the Scheme shall be restricted to one
member of the family. For availing benefits under the Scheme, a ‘family’ is
defined as consisting of the husband, wife and unmarried children.
A person in government service and their family members shall not be
eligible under the Scheme

Required Documents for PM Vishwakarma Yojana

Proof of identity: Aadhar Card, Voter ID, or other official government-issued identification.
Address verification may be provided by utility bills, rental agreements, or any other official document that displays the address.
Income Certificate: Used to demonstrate qualification based on income requirements.
Evidence of the individual’s involvement in artisanal or craft work, verified by professionals.
Bank Account Information: Regarding monetary transactions associated with the plan.

The PM Vishwakarma Yojana is a crucial initiative aimed at providing help to traditional craftsmen and artisans, who play a vital role in preserving India’s diverse cultural legacy.

The project intends to economically empower craftspeople by offering financial help, skill development, and marketing support, while preserving traditional arts. This strategy aims to support and encourage the continued practice of traditional indigenous crafts and trades that have been handed down from one generation to the next.

PM Vishwakarma Objective

To enable the recognition of artisans and craftspeople as Vishwakarma.
To provide skill up gradation
To provide support for better and modern tools
To provide the intended beneficiaries and easy access to collateral free credit
To provide incentive for digital transactions
To provide a platform for brand promotion and market linkage

PM Vishwakarma Features

Loan up to Rs. 1, 00,000/- will be provided Fixed at 5% interest rate in 1st Tranche, repayable in 18 months.
Loan up to Rs. 2, 00,000/- will be provided Fixed at 5% interest rate in 2nd Tranche, repayable in 30 months.
Skill Training will be provided by nominated training centre by Govt.
Each beneficiary be eligible to receive a training Stipend of Rs.500/- per day while undergoing the Basic and Advanced training by Govt.
Toolkit incentive of Rs.15, 000/- will be provided to procure improved Tool Kit after Skill Verification at the start of Basic training by nominated training centre of Govt.
PM Vishwakarma Certificate and ID card will be provided by Govt.
Incentive of Rs.1/- per Digital Transaction will be provided.

PM Vishwakarma Application Process

First, go to the official website.

Locate the authorized website: Access the authorized government website for PM Vishwakarma Yojana by visiting pmvishwakarma.gov.in.
Proceed to the Scheme Section: Refer to the designated area on the website pertaining to this program.

Step 2: Enrollment Procedure

Register: If you are a new user, it may be necessary for you to register an account. Typically, this entails furnishing your email address and phone number, as well as generating a password.

Step 3: Completing the Application Form

Retrieve the Application Form: After successfully logging in, go to the application form for PM Vishwakarma Yojana.

Please provide the necessary information: Complete the form by providing all necessary information. This may include personal data, contact information, professional particulars, and specifics on your expertise or occupation.

Ensure precision and integrity: Verify that the information supplied is precise and truthful to the best of your knowledge.

Step 4: Uploading Required Documents

Collect Essential papers: Assemble all essential papers including proof of identification, proof of residence, income certification, professional verification, and bank information.

Digitize and Submit Documents: Utilize a scanner to convert these documents into digital format and then proceed to submit them in the specified part of the application form. Ensure that the scans are of high resolution and easily readable.

Step 5: Evaluate and Submit

Evaluate the Application: Prior to submission, meticulously examine the application to verify the accuracy of all information and the presence of all required documents.

Complete and submit the application: Once you are satisfied with the precision of the information, proceed with the application.

Step 6: Acknowledgement and Follow-up

Upon submission, you will be sent with an acknowledgment receipt or reference number.

Application Status Tracking: Utilize this unique reference number to monitor the progress of your application.

Step 7: Wait for the processing and approval to be completed.

Application Processing: Your application will be processed by the relevant authorities. This may include the authentication of certain information and documentation.

Approval Notification and Subsequent Instructions: Upon approval of your application, you will get a notification and be given with additional instructions. If any supplementary information or further actions are necessary, you will be duly notified.