PM Vishwakarma Yojana 2024

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Detail PM Vishwakarma Yojana 2024

The PM Vishwakarma Yojana 2024 is a Central Sector Scheme initiated by the Ministry of Micro, Small and Medium Enterprises. Its primary objective is to deliver comprehensive support to artisans and craftspeople, encompassing collateral-free credit access, skill training, provision of modern tools, encouragement for digital transactions, and facilitation of market linkages. This program is set to run for an initial five-year term, concluding in 2027-28.

Objectives of PM Vishwakarma Yojana 2024

• Recognize artisans and craftspeople as Vishwakarma, making them eligible for all benefits under the scheme.
• Offer skill upgradation opportunities to refine their abilities and provide suitable training.
• Provide support for the acquisition of better and modern tools, aiming to enhance productivity and product quality.
• Ensure easy access to collateral-free credit and reduce credit costs through interest subvention.
• Offer incentives for digital transactions to promote the digital empowerment of artisans.
• Create a platform for brand promotion and facilitate market linkages to help artisans access new growth opportunities.

The scheme is implemented jointly by the following Ministries/Departments:

• Ministry of Micro, Small and Medium Enterprises (MoMSME).
• Ministry of Skill Development and Entrepreneurship (MSDE).
• Department of Financial Services (DFS), Ministry of Finance (MoF).

Benefits of PM Vishwakarma Yojana 2024

• Recognition: Artisans will receive recognition as Vishwakarma through a Certificate and ID Card.
• Skilling: Candidates will undergo skill verification followed by 5-7 days (40 hours) of Basic Training. Additionally, they can opt for 15 days (120 hours) of Advanced Training. A training stipend of ₹500 per day will be provided.
• Toolkit Incentive: A grant of ₹15,000 will be provided for the acquisition of toolkits.
• Credit Support: Collateral-free Enterprise Development Loans of ₹1,00,000 (First Tranche for 18 months repayment) and ₹2,00,000 (Second Tranche for 30 months repayment) will be offered. The beneficiary will be charged a concessional rate of interest at 5%, with an interest subvention cap of 8% borne by MoMSME. Credit guarantee fees will be covered by the Government of India.
• Incentive for Digital Transactions: ₹1 per transaction will be provided for a maximum of up to 100 transactions per month.
• Marketing Support: The National Committee for Marketing (NCM) will offer services such as Quality Certification, Branding and Promotion, e-commerce Linkage, Trade Fair Advertising, Publicity, and Other Marketing Activities.

Eligibility Criteria of PM Vishwakarma Yojana 2024

• The applicant must be an artisan or craftsperson engaged in manual work using hands and tools.
• The applicant should operate within the unorganized sector on a self-employment basis.
• The applicant should be involved in one of the 18 family-based traditional trades specified in the scheme.
• At the time of scheme registration, the applicant must be at least 18 years old.
• The applicant must be actively engaged in the relevant trade at the time of registration.
• The applicant should not have previously accessed loans under similar credit-based schemes provided by the Central or State Government for self-employment/business development within the past 5 years (e.g., PMEGP, PM SVANidhi, Mudra).
• Registration and benefits under the scheme are limited to one member per family.

Exclusions PM Vishwakarma Yojana 2024

• Individuals currently employed in government service, as well as their family members, are ineligible to participate in the scheme.

Application Process PM Vishwakarma Yojana 2024

Online – Via CSCs
(i) Eligible beneficiaries must enroll through the nearest CSC in their area.
(ii) Beneficiaries can apply independently or with the assistance of CSCs through Village Level Entrepreneurs (VLEs) or Enumerators.

Registration:
Step 1: Visit the Official Portal of “PM Vishwakarma” and click “Login” on the top right corner. Then select “CSC – Register Artisans”.
Step 2: On the “Registration Now” Page, answer a set of questions as Yes/No, and click “Continue”. Proceed to the “Aadhaar Verification” Page, and enter the 6-digit OTP received on the Aadhaar-linked Mobile Number. Click “Continue”. Then, enter your Aadhaar Number and Aadhaar Registered Mobile Number. Click “Continue”.

Application:
Step 1: Visit the nearest CSC and complete the Biometric Verification Process.
Step 2: Fill in all mandatory details in the Online Application Form and click “Submit”. Note down the “Application Number” displayed on the next screen for future reference. Click “Done”.

Verification:
Stage 1: Eligibility verification at the Gram Panchayat or ULB level.
Stage 2: Vetting and Recommendation of Applications by the District Implementation Committee.
Stage 3: The Screening Committee will provide final approval of beneficiaries for registration after ensuring their eligibility.

Required Documents:

• Aadhaar Card
• Mobile Number
• Bank Details
• Ration Card (mandatory for registration)

Frequently Asked Questions: