Vishwakarma Yojana-2023 for Indian Artisans

The PM Vishwakarma Yojana, which was announced by Prime Minister Narendra Modi on the occasion of the 77^th Independence Day Celebration, was approved by the Union Cabinet on August 16.

On August 15, PM Narendra Modi announced the PM Vishwakarma Yojana, one of the many other new schemes announced that day. And the day after, the scheme got the approval of the Union Cabinet as well. The scheme will be launched on September 17, Vishwakarma Jayanti. This scheme is introduced to support the traditional artisans and craftsmen of the country in all aspects. Under this Scheme, the artisans and small traders of the country will not only get financial assistance but also skill enhancement training, support with tool upgrades, and a recognition certificate plus an ID. This scheme is an effort by the government to preserve the rich tapestry of Indian Culture.

Benefits of the Vishwakarma Yojana-2023:

. Loans with incredibly low interest rate: In its initial phase (1^st Tranche), the scheme provides credit support up to Rs. 1 lakh with a 5% interest rate. In the later phase (2^nd Tranche), the artisan can have credit support up to Rs. 2 lakh with the same interest rate.

. The registered Artisans and Craftsmen will get a PM Vishwakarma certificate plus an identification card from the government.

. Skill Enhancement Training: Under the scheme, artisans will be provided with advanced training programs. This initiative will not only ensure the preservation but also the upgradation of traditional artistry. This upgrade will help them stand out in the contemporary world’s competition.

. Toolkit incentive, Skill Training incentive, and Digital Transaction incentive: The artisans will get a stipend of Rs. 500 after completing skill enhancement training. They will also get an incentive of Rs. 1500 for purchasing modern toolkits. There is an incentive for making digital transactions as well. These incentives will enable artisans to upgrade themselves without worrying about the expanses.

Traditional trades that will be covered in the 1^st Trance:-

. Blacksmith

. Armourer

. Carpenter

. Locksmith

. Potter

. Boat Maker

. Goldsmith

. Mason

. Doll & Toy Maker

. Barber

. Basket/Mat/Broom Maker/Coir Weaver

. Garland Maker

. Cobbler

. Washerman

. Fishing Net Maker

. Tailor

. Hammer and Toolkit Maker

. Sculptor, Stone breaker

The scheme has a financial outlay of Rs. 13,000 crore. And as per Union Minister Ashwin Vaishnow’s say, about 30 lakh families are estimated to stand to its benefits.