76. PM Vishwakarma Yojna - 2023
The Cabinet Committee on Economic Affairs chaired by the Prime Minister of India approved the PM Vishwakarma scheme.
On India’s 77th Independence Day, PM Modi announced the launch of the Vishwakarma Yojana, a scheme to benefit individuals skilled in traditional craftsmanship, especially from the OBC community
Aim:
To preserve and nurture the Guru-Shishya parampara or family-based practice of traditional skills by artisans and craftspeople working with their hands and tools
Key Features and Benefits:
- Introduction on Vishwakarma Diwas (September 17), aligning with Hindu mythology
- Coverage of 18 traditional trades including carpentry, boat making, blacksmithing, locksmithing, pottery, goldsmithing, and more
- Credit support of up to Rs 1 lakh in the first tranche and Rs 2 lakh in the second tranche, with a 5% concessional interest rate
- Skill enhancement opportunities, incentivized toolkits, and promotion of digital transactions
- Issuance of PM Vishwakarma certificate and ID card, enhancing professional identity
- Financial support of up to ₹15,000 for procuring modern tools, enhancing efficiency
- Focus on improving product quality and expanding global reach
- Urban and rural coverage, generating employment for around 15 lakh citizens annually
- Skill development programs with a stipend of Rs 500 per day during training
Alignment with Government Schemes:
- Comparable to successful schemes like Jan Dhan Yojana, PM SvaNidhi, and Ujjwala
- Empowers artisans, strengthens agri-tech sector, and supports women self-help groups
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Includes provision of 15,000 drones and necessary training
The Vishwakarma Yojana is a groundbreaking initiative that has the potential to uplift rural trades, foster cultural heritage, enhance social inclusion, and boost economic growth.
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