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Mahesh

17/08/23 19:50 PM IST

PM Vishwakarma

In News
  • The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi approved a new Central Sector 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).
PM Vishwakarma
  • 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 upto 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 Incentive, Incentive for Digital Transactions and Marketing Support.
  • 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.
  • The scheme aims to strengthen and nurture the 'Guru-Shishya parampara' or family-based practice of traditional skills by artisans and craftsmen working with their hands and tools.
  • It also has a provision to provide skill upgradation, incentive for toolkit as well as digital transactions and marketing support.
  • Skilling programme will take place at both basic and advanced types. Participants will get a stipend of ₹500 per day while undergoing training.
  • Beneficiaries will also receive up to ₹15,000 to buy modern tools.
Source- PIB

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