look news india
PM Vishwakarma Yojana: Pradhan Mantri Vishwakarma Yojana is a scheme run by the Central Government. Under this scheme, artisans and other craftsmen are helped to move forward by providing loans at low interest rates without any guarantee and by giving them skill training. Under the Pradhan Mantri Vishwakarma Yojana, the Central Government provides loans to artisans at low interest rates without any guarantee. Apart from this, these artisans also get support in the form of toolkit incentives, marketing assistance and incentives for digital transactions.
2.58 crore applications were submitted under the scheme
PM Vishwakarma Yojana, launched by the Central Government to promote artisans and craftsmen like carpenters, masons and tailors, has made rapid progress. 2.58 crore applications have been submitted under this scheme. According to data collected by the National Skill Development Corporation (NSDC), of these, 23.75 lakh applicants have been successfully registered to avail benefits under the scheme after a three-step verification process.
Government gives subsidy on 8 percent interest
Under the scheme, about 10 lakh people have received a toolkit incentive of up to Rs 15,000 through e-voucher to purchase modern equipment for their business. Till July 29, 2024, a total loan of Rs 551.80 crore has been approved for 56526 applications. The interest rate on the loan is 5 percent, on which the government gives subsidy. The Government of India provides 8 percent interest subsidy, which reduces the total loan cost. The first installment of the loan can be repaid in 18 months and the second installment in 30 months. PM Vishwakarma Yojana was launched on September 17 last year.
Formal training began as skills training
The objective of this scheme is to provide assistance to artisans and craftsmen of 18 trades in working with their hands and tools. To upgrade and modernize the traditional skills of artisans and craftsmen, formal training in the form of basic skill training has been started in 26 States/UTs of the country under PM Vishwakarma Yojana. PM Vishwakarma certificate and ID card, skill upgradation, toolkit incentives, loan assistance, incentives for digital transactions and marketing support are provided under the scheme.
Loan available at 5 percent annual interest
The biggest benefit under PM Vishwakarma Yojana will be that if any skilled person wants to start his own business and is facing financial problems, then he can apply for a loan under it. In this, a loan up to Rs 3 lakh is given to the eligible applicant. In the first phase, a loan of Rs 1 lakh is given to start the business and after that in the second phase, a loan of up to Rs 2 lakh can be taken to expand it. This loan is given at only 5 percent annual interest.
how to apply?
- First of all go to the official website of the scheme pmvishwakarma.gov.in.
- PM Vishwakarma Kaushal Samman Yojana will appear on the home page.
- Click on the online application option given on it.
- Here you have to register yourself by entering the relevant information.
- Registration number and password will come to your mobile via SMS.
- Now login and fill the registration form carefully.
- Scan and upload all the documents required along with the form.
- Submit the completely filled form after checking it thoroughly.