Govt Scheme: Lakhs of artisans and craftsmen in India not only run their jobs with their traditional skills but also strengthen the culture and economy of the country. To help such hardworking people, the central government has launched the Pradhan Mantri Vishwakarma Yojana. This scheme was launched on 17 September 2023 and its objective is to strengthen the people doing traditional work economically and promote their skills.

Artisans like tailors, blacksmiths, goldsmiths, potters, boat makers, broom or mat makers, masons, shoemakers, barbers, washermen, sculptors, toy makers, and stone carvers can take advantage of this scheme. This scheme is especially for those people who run their jobs by working with their hands and tools and whose work is traditional and has been going on for generations.

What are the main points of the scheme?

Under this scheme, eligible artisans will get loans in two installments.

First installment: up to ₹1 lakh, repayment period 18 months

Second installment: up to ₹2 lakh, repayment period 30 months

The interest on this loan will be very low, as the government will subsidize it. Beneficiaries will have to pay only 5 percent interest. The most important thing is that no guarantee or collateral will be required to take the loan. This loan will be secured under the CGTMSE scheme.

What are the conditions for availing of the benefit?

The applicant should be at least 18 years of age.

No loan should have been taken from any similar government scheme in the last 5 years (if taken and repaid, then will be eligible)

Only one member of a family can avail of the benefit of the scheme.

No one in the applicant and his family should be in a government job.

For the scheme, first skill check and then 5 days training is mandatory.

How to apply?

People can apply for this scheme in two ways:

Online application: By visiting the website pmvishwakarma.gov.in

Offline application: By visiting the nearest CSC center

What documents will be required?

Aadhaar card and PAN card

Active mobile number and passport-size photo

Caste certificate and native certificate

Bank passbook and KYC-related information

Udyam Registration No.

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