PM Vishwakarma Scheme introduction

On 17 September 2023 Prime Minister Shri Narendra Modi formally introduced the Central Sector Scheme PM Vishwakarma. Additionally, events are scheduled for that same day at roughly seventy locations across the nation in an effort to raise awareness among possible recipients. The Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying in Mangalore, Karnataka, hosted these esteemed national-level events as Chief Guest, Shri Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying.

He also highlighted that the scheme will help all our traditional artisans and craftsman in all the sectors especially in fisheries sector. The Union Minister emphasized that both boat makers and fish net makers will reap the rewards of this scheme. With a total outlay of Rs 13,000 Crores, this initiative is poised to create significant income-generating opportunities for fishermen and their families, enabling them to ascend the ladder of success.

What is the PM Vishwakarma Scheme?

• About: PM Vishwakarma Scheme
  • The programme aims to support traditional craftsmen and artisans working in a variety of fields, such as carpentry, ceramics, blacksmithing, and sculpting, with an emphasis on cultural heritage preservation and integration into formal economies and global value chains.
  • It would be carried out under a Central Sector Scheme with complete funding from the Indian government.
• Ministry:
  • The Scheme’s Nodal Ministry is the Ministry of Micro, Small, and Medium Enterprises (MoMSME).
  • The MoMSME, the Ministry of Skill Development and Entrepreneurship, and the Department of Financial Services, Ministry of Finance, Government of India, will collaborate to implement the Scheme.

Features: PM Vishwakarma Scheme

• Features:
  • Recognition and Support: A PM Vishwakarma diploma and an identity card will be given to artisans and craftspeople who sign up for the programme.
    • Additionally, they will qualify for up to Rs 1 lakh (first tranche) and Rs 2 lakh (second tranche) in collateral-free loan support at a 5% concessional interest rate.
  • Skill Development and Empowerment: A budget of up to Rs 13,000 crore has been allotted to the Scheme for the five fiscal years 2023–2024–2027–2028.
    • The programme provides a grant of Rs 15,000 for the purchase of contemporary tools and a daily stipend of Rs 500 for skill training.rs from 2023-2024 to 2027-2028.
  • Scope and Coverage: The programme covers eighteen traditional trades in both urban and rural regions.
    
    • Carpenters, boat builders, potters, blacksmiths, sculptors, cobblers, tailors, and more are included in this category of trades.
    • Registration and Implementation: At village common services centres, one can register for the Vishwakarma Yojana.
      • The programme will be funded by the federal government, but state governments’ support will also be sought.

Objectives: PM Vishwakarma Scheme

• To make certain that craftspeople are easily included into national and international value chains, improving their access to markets and prospects.
• The conservation and advancement of India’s opulent customs and cultural legacy.
• Helping craftspeople join international value chains and make the move to the formal economy.

Significance PM Vishwakarma Scheme

Despite developments in technology, traditional artisans, or vishwakarmas, continue to play a vital role in society.

It is imperative to acknowledge, assist, and incorporate these craftspeople into the worldwide supply network.

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