PM Vishwakarma Yojana 2024, Online Registration, Eligibility, Benefits, Objectives

PM Vishwakarma Yojana: On September 17, 2023, Prime Minister Narendra Modi marked his 73rd birthday with the launch of the PM Vishwakarma Yojana. The inaugural event unfolded at the India International Convention and Expo Centre, also known as the YashoBhoomi Convention Center, located in Dwarka. In this comprehensive article, we will delve into the intricate details of the PM Vishwakarma Yojana Scheme 2024.

PM Vishwakarma Yojana 2024

The PM Vishwakarma Scheme, classified as a Central Sector Scheme, is backed by a substantial financial commitment of Rs. 13,000 crore. Its implementation is set to unfold over a comprehensive five-year period, spanning from FY 2023-24 to FY 2027-28.

Within the framework of the PM Vishwakarma scheme, artisans and craftspeople are poised to receive significant benefits, including formal recognition through the issuance of a PM Vishwakarma certificate and an identification card. Moreover, they will gain access to credit support, with loans available up to Rs. 1 lakh in the initial phase and up to Rs. 2 lakh in the subsequent phase, featuring a highly favorable concessional interest rate of 5%.

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PM Vishwakarma Yojana 2024 Details

• PM Vishwakarma Yojana‘s details, benefits for small businesses, implementation timeline, and fund allocation:
• Implementation timeline spans approximately Rs 13,000 to 15,000 crores.
• Significant government commitment to advance the scheme.

Prime Minister Modi highlighted other impactful schemes:

• PM Kisan Samman Nidhi Yojana, Jal Jeevan Mission, Ayushman Bharat Yojana, and Livestock Scheme.
• 2.5 lakh crore rupees disbursed to farmers via PM Kisan Samman Nidhi Yojana.
• 2,00,000 crore rupees allocated for the Jal Jeevan Mission.
• Ayushman Bharat scheme expenditure of 70,000 crore rupees.
• Investment of approximately Rs. 15,000 crore in the Livestock Scheme.

PM Vishwakarma Yojana underscores the government’s unwavering commitment to improving the lives of citizens and fostering economic growth through a range of impactful schemes and financial investments. Go through the following PM Vishwakarma Yojana Overview below:

Why PM Vishwakarma Yojana is in News?

On September 17, 2023, Prime Minister Narendra Modi recognized Madhya Pradesh potter Anita Prajapati at the launch of the ‘PM Vishwakarma Yojana’ in New Delhi. The Prime Minister also dedicated the Yashobhoomi International Exhibition Center.

PM Vishwakarma Yojana 2024 Objectives

The PM Vishwakarma Yojana 2023 is driven by a central objective to strengthen and nurture the rich tradition of the Guru-Shishya parampara. This age-old lineage-based tradition is deeply rooted in our culture, where artisans and craftsmen pass down their intricate and time-honored skills through generations, employing handcrafted techniques and tools with remarkable expertise.

Furthermore, the Vishwakarma scheme strives to elevate the quality and availability of products and services produced by these skilled artisans. It seeks to provide a platform for these craftsmen to showcase their talents and creations, not only locally but also on the global stage. This means facilitating their seamless integration into both local and international value chains, allowing their unique craftsmanship to find a broader audience and market.

In essence, the scheme aims to empower these Vishwakarma practitioners, preserving the essence of traditional craftsmanship while enabling them to thrive in a contemporary world. By doing so, it ensures the preservation of our heritage while fostering economic growth and opportunities for these artisans.

PM Vishwakarma Yojana 2024 Key Points

• Prime Minister Narendra Modi unveiled the tagline, logo, and dedicated portal for the PM Vishwakarma Yojana.
• 18 postage stamps and tool-kit booklets focusing on 18 distinct forms of craftsmanship were released during the event.
• Artisans associated with these 18 disciplines were personally honored by Prime Minister Modi through certificates of recognition.
• Chief Minister Shivraj Singh Chouhan participated virtually from Bhopal in this significant program.
  The event took place at the Ravindra Bhawan in Bhopal and saw the presence of Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar.
• Chief Minister Shivraj Singh Chouhan also recognized and rewarded outstanding students from ITIs across the state.
• The Pradhan Mantri Vishwakarma Yojana aims to align the country’s skill ecosystem with the needs of artisans.
• The scheme provides training and financial support to skilled artisans in every district.
• Carpenters, blacksmiths, and goldsmiths undergo skill verification and tailored training, receiving a daily stipend of Rs 500 during their training.
• Successful participants receive the prestigious PM Vishwakarma certificate and Rs 15,000 for toolkits.
  Collateral-free loans are offered, with up to Rs 1 lakh in the first phase at a 5% interest rate, and up to Rs 3 lakh in the second phase.
• Eligibility criteria include a minimum age of 18 years and a limit of one member per family. Government employees or their relatives are not eligible.

PM Vishwakarma Yojana 2024 Online Registration

To initiate your online application process for the PM Vishwakarma Yojana 2024, please follow these comprehensive steps:

Step 1: Online Registration for PM Vishwakarma Yojana 2024

1. Commencing on September 17, 2023, visit the official PM Vishwakarma Yojana Portal at [https://pmvishwakarma.gov.in/].

2. Begin by registering with your mobile number and Aadhar Card.

3. Confirm your identity by undergoing OTP authentication through your registered mobile number.

Step 2: Complete the Registration Form of PM Vishwakarma Scheme 2024

1. Following successful verification, proceed to fill out the PM Vishwakarma Yojana Registration Form, providing essential information such as your name, address, and trade-related details.

2. Submit the duly filled Registration Form.

Step 3: Obtain Your Digital ID and Certificate

1. Upon successful registration, you will have the option to download your PM Vishwakarma Digital ID and Certificate for future reference.

Step 4: Login and Submit Your Application of PM Vishwakarma Yojana 2023

1. Access the PM Vishwakarma Yojana Portal using your login credentials.

2. Within the portal, you can apply for various scheme components as per your eligibility.

3. Ensure that you upload all necessary documents as outlined in the scheme guidelines.

4. Submit your Application Form for further consideration.

Step 5: Verification and Fund Disbursement

1. Competent officials will meticulously review the submitted applications.

2. Collateral-free loans provided under the PM Vishwakarma Yojana will be disbursed in collaboration with Commercial Banks, Regional Rural Banks, and other Financial Institutions.

PM Vishwakarma Yojana 2023 Documents Required

Go through the documents required for the PM Vishwakarma Yojana 2023:

• Aadhar card.
• Voter ID card
• PAN card
• Domicile certificate
• Phone number
• Email id
• Passport size color photograph
• Work-related documents
• Bank account details
• Income certificate
• Caste certificate.

PM Vishwakarma Yojana 2024 Benefits

Artisans and craftspeople enrolled in the PM Vishwakarma Yojana can anticipate a range of valuable benefits, including:

1. Access to Loans: In the initial phase, artisans can secure loans of up to Rs. 1,00,000 at a remarkably low-interest rate of just 5%. In the subsequent phase, this lending limit is extended to Rs. 2,00,000, still with the same favorable interest rate.

2. Skill Enhancement: The scheme prioritizes skill development and offers comprehensive training to participants, enabling them to refine their craft and expertise.

3. Stipend Support: During the training period, beneficiaries are entitled to a daily stipend of Rs. 500, providing financial support as they acquire new skills.

4. Tool Kit Assistance: To facilitate their work, artisans receive a financial grant of Rs. 15,000 to purchase advanced tools and equipment.

5. Official Recognition: Participants are awarded the prestigious PM Vishwakarma Certificate and Identity Card, acknowledging their expertise and involvement in the scheme.

PM Vishwakarma Yojana 2023 Beneficiaries

The PM Vishwakarma Yojana is tailored to benefit artisans specializing in 18 traditional trades. These trades encompass a diverse range of professions, including carpentry, boat crafting, blacksmithing, armor crafting, hammer and tool kit manufacturing, locksmithing, goldsmithing, pottery, sculpting, stone carving, cobbling, masonry, production of baskets, mats, and brooms, coir weaving, traditional doll and toy crafting, barbering, garland making, laundry services, tailoring, and fishing net making. This comprehensive coverage ensures that artisans across various traditional disciplines can tap into the scheme’s advantages to uplift their livelihoods.

PM Vishwakarma Yojana 2024 Eligibility Criteria 

Residential Requirement: Applicants must be Indian citizens and residing in India to qualify for this scheme.

Age Criteria: The minimum age for PM Vishwakarma Yojana application is 18 years, with no upper age limit.

Occupational Eligibility: Eligible candidates should be engaged in traditional artisanal or craftsmanship activities. This encompasses various trades such as carpentry, blacksmithing, weaving, pottery, sculpture, and other traditional artisan crafts.

Income Limit: The annual income of the applicant’s family should not exceed a specific threshold, as defined by the government. This limit may vary depending on the applicant’s category, including general, SC/ST, or OBC.

PM Vishwakarma Yojana Features

Scope and Coverage: The initiative encompasses 18 traditional trades in both rural and urban areas, including carpentry, boat-making, blacksmithing, pottery, sculpture, cobbling, tailoring, and more.

Recognition and Support: Participants in the program will receive a PM Vishwakarma certificate and identity card. They are eligible for collateral-free credit support, with up to ₹1 lakh in the first tranche and ₹2 lakh in the second tranche, both at a concessional 5% interest rate.

Skill Development and Empowerment: With a budget of ₹13,000 to ₹15,000 crore over five years (2023-2028), the scheme offers a ₹500 stipend for skill training and ₹1,500 for modern tool purchases.

Integration with Value Chains: The program’s key goal is to seamlessly integrate artisans into domestic and global value chains, enhancing their market access and growth opportunities.

Registration and Implementation: Artisans can register at village common services centers, with funding from the central government and state government support.