PM Vishwakarma

PM Vishwakarma is a new Scheme launched by Prime Minister of India on 17.09.2023 to provide Credit support (Demand Loans) to artisans and craftspeople (Vishwakarma) for 18 identified target groups.

Features

  • Portal : https://pmvishwakarma.gov.in/ 
  • Objective
    • To enable the recognition of artisans and craftsman as Vishwakarma.
    • To provide skill upgradation to hone the skills.
    • To provide support for better and modern tools to enhance Vishwakarma’s capability, productivity and quality of products.
    • To provide an easy access to collateral free credit and reduce the cost of credit by providing interest subvention.
    • To provide incentives for digital transaction to encourage the digital empowerment of the Vishwakarmas.
    • To provide a platform for brand promotion and market linkages to help the Vishwakarmas access new opportunities for growth.
  • Registration Process
    • MoMSME in association with CSCs (Common Service Centres) shall enroll the beneficiary families. Further, an Aadhaar based authentication and centralized PM Vishwakarma portal/ PM Vishwakarma Mobile app will enable the beneficiaries to get register as Vishwakarma. There is three-tier Verification process
    • Verification at Gram Panchayat or ULB
    • Vetting and recommendation by the District Implementation Committee.
    • Final approval by Screening Committee.
  • Purpose :  To provide financial support to artisans and craftspeople (Vishwakarma) as Enterprise Development Loan
  • Loan Quantum :  Loan is given in two Tranche. 1st Tranche-Rs.1,00.000/ 2nd Tanche-Rs.2,00,000/ (After satisfactory closure of 1st Tranche)
  • ROI :  Rate of interest EBLR + 3.25% (Effective rate 12.15%) w.ef 15.02.25. Concessional rate of interest chargeable for loans from beneficiaries will be fixed at 5%. The interest subvention by the Government of India will be to an extent of 8%
  • Repayment : Tranche-I 18 Months, Tranche-II-30 Months
  • 18 Target Groups : Artisans and craftspeople (Vishwakarma) for their respective trades.
    • Carpenter (Suthar)
    • Boat Maker
    • Armourer
    • Blacksmith (Lohar)
    • Hammer and Tool Kit Maker
    • Locksmith
    • Sculptor (Moortikar, Stone Carver), Stone Breaker
    • Goldsmith (Sunar)
    • Potter (Kumhaar)
    • Cobbler (Charmaker)/Shoesmith/Footwear Artisan
    • Masons (Raaj Mistri)
    • Basket/Mat/Broom Maker/Cor Weaver
    • Doll & Toy Maker (Traditional)
    • Barber (Naai)
    • Garland Maker (Malakaar)
    • Washerman (Dhobi)
    • Tailor (Darzi)
    • Fishing Net Maker
  • Skill Development/Training Process
    • Recognition- PM Vishwakarma Certificate and ID Card will be provided to Vishwakarma in Physical or Digital form in order to make eligible to avail the benefit under the PM Vishwakarma Scheme. A Unique digital number shall be created for each Vishwakarma, and it is reflected in Certificate/ID Card.
    • Skill Upgradation-There are three components
    • Skill verification (assessment of existing Skill and fulfilment of knowledge gap)
    • 2-Basic Skilling (to improve skill level enable them to avail credit support-Requirement for 1st Tranche) Training will be provided for 40 hours, over 5-7 days. Beneficiaries will be upskilled in their trade through exposure to modern tools and practices. NSQF (National Skill Qualification Framework) certification will be provided to skilled Vishwakarma.
    • 3-Advanced Skilling-15 Days/120 hours or more training will be provided at designated Training Centres for deeper understanding of latest technologies, design elements and enabling value chain linkage with identified anchor industry Partners. After advanced skilling Vishwakarma will be eligible for 2nd Tranche under the Scheme
    • Toolkit Incentive- Rs.15000/ will be provided by Govt after skill Verification to procure improved toolkits.
    • Credit support- Credit support is provided by Bank/FIs under Enterprise Development Loan (1st & 2nd tranches).
    • Incentive for Digital Transactions- Incentive of Rs 1 per digital transaction (Maximum 100 transactions per month) will be given to the beneficiaries in DBT mode through APBS (Aadhar Payment Bridge System) by the Govt.
    • Marketing Support-NCM (National Committee for Marketing) will provide marketing and branding support for the products. Quality certification, branding, advertising, publicity and other marketing activities would be extended to the beneficiaries to improve their linkage to value chain of MSMEs and established companies.

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