PM VISHWAKARMA SCHEME (Syllabus: GS Paper 2– Government schmes)

Context: The Union government is set to launch the PM Vishwakarma scheme to support artisans and workers soon which was announced by the PM of India in his independence day speech.

PM Vishwakarma scheme

• About: It is a pioneering scheme designed to uplift individuals skilled in traditional craftsmanship, particularly from the OBC community.
• Aim: To strengthen and nurture the Guru-Shishya parampara or family-based practice of traditional skills by artisans and craftspeople working with their hands and tools.

o Improving the quality, as well as the reach of products and services of artisans and craftspeople and to ensure that the Vishwakarmas are integrated with the domestic and global value chains.

• Features: The artisans and craftspeople will be provided recognition through PM Vishwakarma certificate and ID card, Credit Support upto Rs.1 lakh (First Tranche) and Rs.2 lakh (Second Tranche) with a concessional interest rate of 5%. 

o The Scheme will further provide Skill Upgradation, Toolkit Incentive, Incentive for Digital Transactions and Marketing Support.

o The scheme will provide support to artisans and craftspeople of rural and urban areas across India. 

o 18 traditional trades will be covered in the first instance under PM Vishwakarma.