“PM Vishwakarma” Scheme: Boosting Artisans and Craftspersons

– The Cabinet Committee on Economic Affairs has sanctioned the “PM Vishwakarma” scheme with an impressive budget of ₹13,000 crore.
– Prime Minister Narendra Modi introduced the scheme during his Independence Day speech.
– This initiative will provide credit support to traditional craftspeople and artisans from the year 2023-24 to 2027-28.
– The scheme seeks to uphold the “Guru Shishya parampara,” a tradition of passing down skills through generations.
– It aims to enhance the quality and global accessibility of artisans’ products and services.
– Integration of artisans into both domestic and international value chains is a key objective.

Coverage and Trades Included:

– The scheme encompasses 18 traditional trades including carpenter, blacksmith, goldsmith, potter, and more.
– Artisans and craftspersons in these fields will receive a “PM Vishwakarma” certificate and ID card.
– Credit support will be extended up to ₹1 lakh (first tranche) and ₹2 lakh (second tranche) at a reduced interest rate of 5%.

Skill Enhancement and Benefits:

– The scheme outlines basic and advanced skilling programs for beneficiaries.
– A stipend of ₹2500 per day will be granted to individuals undergoing skill training.
– Over a span of five years, approximately 30 lakh families are set to benefit from this scheme.

In conclusion, the “PM Vishwakarma” scheme, introduced with a remarkable budget of ₹13,000 crore, emerges as a transformative force for India’s artisans. It aims to preserve traditional crafts, elevate their quality and accessibility, and integrate artisans into global value chains. By fostering the “Guru Shishya parampara” and covering 18 traditional trades, it promises a brighter future for countless families. This visionary initiative signifies that the hands shaping our heritage deserve recognition and support, ensuring a thriving legacy for Indian artisans.