New PM Vishwakarma Yojana Update – Check Eligibility, Status & Benefits 2024

PM Vishwakarma Yojana is a transformative initiative supporting traditional artisans and craftsmen, such as carpenters, blacksmiths, and masons, aiming to enhance their economic independence through grants, loans, and skills development.

Eligibility Criteria

PM Vishwakarma Yojana is open to traditional artisans across 18 craft fields. Applicants need valid ID proof and bank details for direct deposit.

Economic Assistance

Under this scheme, eligible artisans receive a one-time grant of ₹15,000 for essential tool kits, enabling them to improve productivity and quality.

Free Training and Certification

Beneficiaries undergo training in advanced skills, enabling them to adapt to market demands. A government-issued certificate upon completion authenticates their skills for future opportunities.

Subsidized Loan Facility

Artisans are eligible for loans up to ₹3 lakhs at a subsidized 5% interest rate, aiding their business growth with manageable repayments.

Eligibility CriteriaLoan LimitGrant AmountInterest RateCertification
Traditional Artisans₹3 Lakhs₹15,0005%Yes
Valid ID Proof
Bank Account

The scheme promises economic growth, skill enhancement, and broader opportunities, boosting India’s artisan sector and preserving traditional crafts.

Conclusion

In conclusion, PM Vishwakarma Yojana offers significant support to India’s traditional artisans, providing grants, skill development, and subsidized loans to promote economic stability and growth in crafts and trades.

This initiative aims to empower artisans by enhancing their skills and resources, encouraging them to thrive in a competitive market while preserving their cultural heritage. By supporting artisans with financial assistance, tool kits, and certification, the program fosters sustainable livelihoods and underscores the government’s commitment to uplift India’s artisan community.

FAQs

How can I check my application status?

Log in to the official PM Vishwakarma Yojana website using your mobile or Aadhaar number to view your status.

What documents are required to apply?

You will need proof of identity, bank account details, and documents confirming your craft or trade.

What is the interest rate for loans?

A 5% subsidized rate is provided on loans up to ₹3 lakhs.

Can I reapply if my application is rejected?

Yes, you may reapply or contact the scheme’s support center for guidance.

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