Online Application, Objectives, and Benefits for the PM Vishwakarma Yojana 2023.

PM Vishwakarma Yojana Program: On September 17, 2023, the 73rd birthday of Prime Minister Narendra Modi, the PM Vishwakarma Yojana program is introduced. The India International Convention and Expo Centre, popularly known as YashoBhoomi Convention Center, is the location of the launching event in Dwarka. You may learn everything there is to know about the PM Vishwakarma Yojana Scheme 2023 in this page.

PM Vishwakarma Yojana 2023

Finance Minister Smt. Nirmala Sitaraman made the announcement about the PM Vishwakarma Yojana during her speech on the 2023–2024 budget. PM Vishwakarma Kaushal Samman Yojana is the full name of the PM Vishwakarma Yojana. Other names for it include “PM VIKAS Yojana” and “PM Vishwakarma Yojana.” The Union Cabinet approved the PM Vishwakarma Yojana’s nationwide implementation on August 16, 2023. The Union Cabinet set September 17th, 2023, as the launch date. On August 17, 2023, in honor of Vishwakarma Jayanti, the PM Vishwakarma Yojana will be introduced.

What is PM Vishwakarma Yojana?

A project known as the PM Vishwakarma Scheme, it has a substantial budgetary allocation of Rs. 13,000 crore and runs as a Central Sector Scheme.Its implementation is scheduled to take place over a five-year period, from FY 2023–2024 through FY 2027–2028. A PM Vishwakarma certificate and ID card, as well as credit support up to Rs. 1 lakh (First Tranche) and Rs. 2 lakh (Second Tranche) with a 5% concessionary interest rate, would be granted to craftsmen and craftspeople as part of the PM Vishwakarma scheme.

PM Vishwakarma Yojana 2023 Objectives

The PM Vishwakarma Yojana 2023’s main objective is to strengthen and promote the revered Guru-Shishya parampara, a lineage-based tradition where skilled artisans and craftsmen use handcrafted methods and materials to expertly practice their traditional abilities. Along with promoting the smooth integration of Vishwakarma practitioners into both local and global value chains, the Vishwakarma plan also aims to improve the quality and accessibility of the goods and services produced by these knowledgeable artisans.

PM Vishwakarma Yojana Online Apply 2023

Follow these procedures to submit an online PM Vishwakarma Yojana 2023 application:

• Starting on September 17, 2023, visit the PM Vishwakarma Yojana Official Portal at https://pmvishwakarma.gov.in.
• Use your cellphone number and Aadhar Card to register.
• Authenticate your OTP by using your mobile number and Aadhar card as proofs.

Step 2: Fill in the Registration Form

• After verification, enter your information, including Name, Address, and Trade-Related Information, on the PM Vishwakarma Yojana Registration Form.
• Send the registration form in.

Step 3: Download Your Digital ID and Certificate

• You can obtain the PM Vishwakarma Digital ID and Certificate for your records after successfully registering.

Step 4: Login and Apply

• Use your login information to access the PM Vishwakarma Yojana Portal.
• On the platform, you can submit applications for various scheme components.
• Upload the necessary paperwork as indicated in the scheme’s fine print.
• Send the application form in for review.

Step 5: Verification and Disbursement

• The received applications will be checked by officials.
• The PM Vishwakarma Yojana would distribute collateral-free loans with the aid of Commercial Banks, Regional Rural Banks, and Other Financial Institutions.

Features of PM Vishwakarma Yojana 2023

• Support and Recognition: Participants in the program will be given an identity card and a PM Vishwakarma certificate. A collateral-free financial support program will also be available to them, with the first tranche being up to Rs. 1 lakh and the second tranche being up to Rs. 2 lakh, both at a 5% concessional interest rate.
• The Vishwakarma Yojana would get a budget of between 13,000 and 15,000 crore rupees over the course of five years, from 2023–2024 to 2027–2028, for skill development and empowerment. The program provides 500 for skill development and 1,500 for the acquisition of contemporary tools.
• The initiative’s scope and coverage span 18 traditional trades in both rural and urban settings. Carpenters, boat builders, blacksmiths, potters, sculptors, cobblers, tailors, and other craftspeople are among these professions.
• Registration and Implementation: Village common services centers are where artisans can register for the Vishwakarma Yojana. The initiative is funded by the central government, but it also solicits assistance from the state governments.
• Integrating craftsmen into both domestic and international value chains is one of the program’s main goals. Their market access and expansion prospects are intended to be improved by this merger.

PM Vishwakarma Yojana and Targeted Beneficiaries

The program focuses on craftspeople who work in 18 traditional trades, including carpentry, boat building, blacksmithing, armour building, manufacturing hammers and tool kits, locksmithing, goldsmithing, pottery, sculpting, stone carving, cobbling, masonry, making baskets, mats, and brooms, coir weaving, traditional doll and toy making, barbering, garland making, laundry services, tailoring, and fishing net making.

PM Vishwakarma Yojana Benefits

Under the PM Vishwakarma Yojana, all artisans and craftspeople will receive the following advantages:

• In the first phase, loans up to Rs. 1,000,000 will be made available at a 5% interest rate.
• In the second phase, loans up to Rs. 2,000,000 will be made available at a 5% interest rate.
• Also available will be skill training.
• During the training period, a stipend of Rs. 500 would be given per day.
• Advance Tools will be available for purchase at Rs. 15,000.
• Identity cards and the PM Vishwakarma Certificate will also be given.

PM Vishwakarma Scheme Components

• Financial Support: Giving craftspeople financial assistance.
• Offering more advanced training to help people develop their skills.
• Equipping craftspeople with cutting-edge digital methods and environmentally sustainable technologies.
• Promotion of Artisan Brands: Increasing the brands of artisans’ through increasing their visibility and recognition.
• Market Integration: Linking local and international markets for craftsmen.
• Promoting the use of digital payment systems is known as digital payment facilitation.
• Social Security Measures: Providing craftspeople with social security.

The PM Vishwakarma Scheme has the power to change the prospects for India’s craftsmen thanks to its considerable budget and admirable goals. However, its success will be judged by its ability to elevate the beneficiaries, guaranteeing that they are ready for the future and self-sufficient, in addition to its capability to offer resources. This change requires careful preparation, great knowledge, and an uncompromising dedication to the welfare of craftspeople.

PM Vishwakarma Scheme Facts for UPSC.

Every year on September 17, Vishwakarma Jayanti is observed as a holy day to remember the birth of Lord Vishwakarma, the revered son of Lord Brahma. On this day, factory and store owners participate in specific religious rituals in order to obtain Lord Vishwakarma’s blessings for success and wealth in their various fields of endeavor.

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