PM Vishwakarma Yojana Benefits: Here’s how it benefits Artisans and Craftspeople!

PM Vishwakarma Yojana Benefits

India has a rich heritage of skilled artisans and crafters. They have been creating exquisite products using traditional tools and techniques. These artisans are called as Vishwakarma. They play a crucial role in the country’s cultural and economic landscape. Recognizing their contribution, the government has introduced the Vishwakarma Yojana. It is a comprehensive scheme aimed at providing support to these artisans. Below are the various benefits and components of the Vishwakarma Yojana.

Recognition: PM Vishwakarma Certificate and ID Card

Under the Vishwakarma Yojana, artisans and crafters will receive a PM Vishwakarma Certificate and ID Card. These documents will carry a unique digital number, enabling the recognition of Vishwakarmas. These certificates grant access to the scheme’s benefits, both in physical and digital formats.

ComponentDescription
RecognitionPM Vishwakarma Certificate and ID Card
Skill UpgradationSkill verification, basic skilling, advanced skilling
Toolkit IncentiveToolkit reward worth Rs. 15,000
Credit SupportEnterprise Development Loans, concessional interest rates, credit guarantee
Incentive for Digital TransactionsRs. 1 per eligible digital transaction, cashbacks
Marketing SupportQuality certification, branding, e-commerce partnerships, market linkages, collective display support
Table No: 1 Components of Vishwakarma Yojana Benefits

Skill Upgradation

The scheme focuses on enhancing the skills of traditional artisans through skill verification, basic skilling, and advanced skilling. This training includes modern tools, design aspects, and connections to the sector’s value chain. It not only improves subject expertise but also covers toolkit utilization, marketing assistance, and digital transaction knowledge.

PM Vishwakarma Benefits

Skill Verification: This initial step assesses the current skill levels of registered beneficiaries. It helps to plan their skill improvement journey. It involves an evaluation of their abilities and knowledge gaps.

Basic Training: Registered Vishwakarmas will undergo 40 hours of Basic Training, upgrading and formalizing their existing skills. This training covers modern tools, best practices, and entrepreneurial knowledge, setting them on a path to innovation and business expansion.

Advanced Skill Training: Beneficiaries interested in further skill development can opt for Advanced Skill Training. It lasts at least 15 days. This training deepens their understanding of entrepreneurship. Other understanding includes contemporary technology, and design components, preparing them for business ownership.

Toolkit Incentive

After skill verification, beneficiaries receive a toolkit incentive worth Rs. 15,000. This incentive is provided through e-RUPI/e-vouchers, allowing them to purchase upgraded toolkits. These modern tools enhance productivity and product quality, increasing the value of their creations.

Credit Support

Access to affordable finance is crucial for artisans’ business development. To be eligible for the first tranche of credit support (up to Rs. 1 lakh), beneficiaries must complete skill verification and basic skill training. This component includes:

Enterprise Development Loan: Beneficiaries can receive up to Rs. 1,00,000 as the first loan tranche. While up to Rs. 2,00,000 as the second tranche. The interest rates are at 5% for both. The government subsidizes 8% of the interest. This support encourages entrepreneurship and business expansion.

Check Out: PM Vishwakarma Yojana Registration Guide: Registration, Eligibility, Documents, & Application Process

Credit Guarantee: The Credit Guarantee Trust over Micro, Micro, and Small Companies (CGTMSE) provides a graded guarantee cover for all loans. It ensures that beneficiaries have access to financial support.

Incentive for Digital Transactions

The Vishwakarma Yojana promotes digital empowerment by encouraging beneficiaries to adopt digital transactions. They receive Rs. 1 per eligible digital transaction (up to a maximum of 100 transactions) through the Aadhaar Payment Bridge System (APBS). This incentive aims to boost digital payments and improve artisans’ credit scores.

Marketing Support

To improve artisans’ standard of living and market presence, the Vishwakarma Yojana benefits offers marketing and branding assistance through the National Committee for Marketing (NCM). This support includes:

Quality Certification: NCM ensures that products meet industry quality standards, encouraging artisans to enhance the quality of their goods and services. Certification elevates their credibility in both domestic and international markets.

Branding & Promotion: The NCM assists in establishing a unified brand identity for artisans’ products. It promotes them through digital advertising and social media campaigns.

E-commerce: The scheme facilitates partnerships with popular e-commerce platforms. Thus, it allows artisans to list their products online and reach a broader audience.

Market Linkages: The NCM fosters collaborations with customers and industry organizations to integrate artisans into supply chains. Thus, it supports packaging and enhances logistics.

Exporters & Traders: The NCM connects beneficiaries with exporters and traders in their industry, facilitating market expansion.

Collective Display: The NCM considers offering support to artisan groups registered under government acts for collective presentation of PM Vishwakarma products.

Marketing Support ComponentDescription
Quality CertificationEnsures products meet industry standards
Branding & PromotionEstablishes brand identity and promotes it
E-commerce PartnershipsPartners with e-commerce platforms for product listing
Market LinkagesPromotes cooperation with customers and industry organizations
Collective DisplayOffers support for collective presentation of products
Table No. 2: Marketing Support Measures:

Thus, the Vishwakarma Yojana is a comprehensive scheme designed to empower traditional artisans and crafters in India. It provides them with recognition, skill upgradation, credit support, digital transaction incentives, and marketing assistance. This initiative aims to enhance the livelihoods of artisans and promote their products in both domestic and international markets, contributing to the growth of the Indian economy.

FAQs about PM Vishwakarma Yojana Benefits

Who are the beneficiaries of the Vishwakarma Yojana?

The beneficiaries of the Vishwakarma Yojana are traditional artisans and crafters in India. These include blacksmiths, goldsmiths, potters, carpenters, sculptors, and others who create products using traditional tools and techniques.

1. What are the key components of the Vishwakarma Yojana?

The key components of the Vishwakarma Yojana include recognition through certificates and ID cards, skill upgradation through training, toolkit incentives, credit support, incentives for digital transactions, and marketing support.

2. How does the skill upgradation process work under the Vishwakarma Yojana?

Skill upgrade involves skill verification, basic skilling, and advanced skilling. Skill verification assesses the current skill levels of beneficiaries, while basic skilling provides 40 hours of training to upgrade skills. Advanced skilling offers further training to deepen knowledge and entrepreneurship skills.

3. What is the toolkit incentive in the Vishwakarma Yojana?

The toolkit incentive is a benefit provided to beneficiaries after skill verification. It includes a toolkit worth Rs. 15,000, which is given through e-RUPI/e-vouchers. These toolkits contain modern tools to enhance productivity and product quality.

4. How does credit support work in Yojana?

Credit support includes Enterprise Development Loans that are not secured by collateral. Beneficiaries can receive up to Rs. 1,00,000 as the first loan tranche. And up to Rs. 2,00,000 for the second tranche. The interest rates are 5%. The government subsidizes 8% of the interest.

5. What are the incentives for digital transactions in the Vishwakarma Yojana?

The scheme encourages beneficiaries to adopt digital transactions by providing Rs. 1 per eligible digital transaction (up to a maximum of 100 transactions) through the Aadhaar Payment Bridge System (APBS). This incentive aims to promote digital payments and improve artisans’ credit scores.

6. How does marketing support benefit Vishwakarmas under this scheme?

Marketing support includes quality certification, branding, promotion, e-commerce partnerships, market linkages, and assistance for collective product displays. These measures help artisans improve their market presence and connect with customers and traders.

7. Who administers the Vishwakarma Yojana?

The Vishwakarma Yojana is administered by the Government of India. It is done through agencies like the Ministry of Micro, Small, and Medium Enterprises (MoMSME).

8. Is the Vishwakarma Yojana open to all artisans and crafters in India?

Yes, the scheme is open to all registered artisans and crafters in India. It is irrespective of their specific trade or raft. It aims to support and empower traditional artisans across various sectors.

9. How can artisans apply for the Vishwakarma Yojana?

Details regarding the application process for the Vishwakarma Yojana can be found here. It includes eligibility criteria and application forms. These things are typically made available through government channels and designated training centers.

10. What is the overall goal of the Vishwakarma Yojana?

The primary goal of the Vishwakarma Yojana is to uplift traditional artisans and crafters in India. This is to be done by providing them with the necessary skills, resources, and support.

1 thought on “PM Vishwakarma Yojana Benefits: Here’s how it benefits Artisans and Craftspeople!”

Leave a comment