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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 transaction 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.
1. 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.
2. The minimum age of the beneficiary should be 18 years on the date of registration.
3. 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.
4. 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.
5. A person in government service and their family members shall not be eligible under
the Scheme.
1. Recognition:
Recognition as Vishwakarma through Certificate and ID Card
2. 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
3. Toolkit Incentive: Rs 15,000 grant
4. 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
5. Incentive for Digital Transaction: Re 1 per transaction for maximum upto100
transactions (monthly)
6. 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.