PM Vishwakarma Scheme: ₹1,751 Crore Disbursed to 2.02 Lakh Beneficiaries – Know How to Apply
Launched in September 2023, the PM Vishwakarma Scheme aims to support craftsmen and artisans by providing affordable loans to help them establish or expand their small businesses. This initiative focuses on empowering traditional workers by offering financial aid with low-interest rates, fostering skill-based entrepreneurship across the country.
Over 2 Lakh Beneficiaries
Minister of State for Finance, Pankaj Chaudhary, recently revealed in the Rajya Sabha that the scheme has already benefited 2.02 lakh people. Loans amounting to ₹1,751 crore have been disbursed under this program, highlighting its widespread reach and impact since its inception.
Professions Covered Under the Scheme
The scheme caters to 18 traditional professions, providing financial support to artisans and craftsmen involved in:
Loan Details
Under the PM Vishwakarma Scheme, artisans can avail of loans up to ₹3 lakh, offered at a nominal interest rate of 5%.
This financial aid is designed to encourage skill-based businesses, helping artisans scale their operations and contribute to the economy.
How to Apply
Artisans and craftsmen can apply for the PM Vishwakarma Scheme online via the official website pmvishwakarma.gov.in.
1. Visit the website and select "Apply Online."
2. Fill in the necessary details and complete the registration process.
3. Ensure you have the following documents ready:
This initiative reflects the government’s commitment to preserving traditional skills while enabling economic self-reliance among artisans. Don’t miss out on this opportunity to elevate your craft and build a sustainable livelihood!
Over 2 Lakh Beneficiaries
Minister of State for Finance, Pankaj Chaudhary, recently revealed in the Rajya Sabha that the scheme has already benefited 2.02 lakh people. Loans amounting to ₹1,751 crore have been disbursed under this program, highlighting its widespread reach and impact since its inception.
Professions Covered Under the Scheme
The scheme caters to 18 traditional professions, providing financial support to artisans and craftsmen involved in:
- Carpentry
- Boat building
- Blacksmithing
- Goldsmithing
- Pottery
- Stone carving
- Leatherworking
- Masonry
- Tailoring
- Carpet weaving
- Broom and basket making
- Fishing net creation
- And several other traditional trades.
Loan Details
Under the PM Vishwakarma Scheme, artisans can avail of loans up to ₹3 lakh, offered at a nominal interest rate of 5%.
- Phase 1: Loan of ₹1 lakh.
- Phase 2: Loan of ₹2 lakh, provided after repayment of the first loan.
This financial aid is designed to encourage skill-based businesses, helping artisans scale their operations and contribute to the economy.
How to Apply
Artisans and craftsmen can apply for the PM Vishwakarma Scheme online via the official website pmvishwakarma.gov.in.
1. Visit the website and select "Apply Online."
2. Fill in the necessary details and complete the registration process.
3. Ensure you have the following documents ready:
- Aadhaar Card
- PAN Card
- Income Certificate
- Identity Proof
- Residence Proof
- Bank Passbook
This initiative reflects the government’s commitment to preserving traditional skills while enabling economic self-reliance among artisans. Don’t miss out on this opportunity to elevate your craft and build a sustainable livelihood!
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