News In Shorts: 21 September 2024

September 21, 2024

Pradhan Mantri Vishwakarma Scheme

Context: Recently, Prime Minister emphasized that the Pradhan Mantri Vishwakarma Yojana embodies the spirit of ‘Samman, Samarthya, Samridhi’ (Respect, Capability, Prosperity).

PM was addressing a public meeting at Wardha in Maharashtra, organised on the completion of one year of the launch of Pradhan Mantri Vishwakarma Yojana.

About Pradhan Mantri Vishwakarma Scheme:

PM Vishwakarma, a Central Sector Scheme, was launched on September 17, 2023, by Prime Minister.
Aim: To provide comprehensive support to artisans and craftspeople engaged in traditional trades, thereby empowering them and promoting their livelihoods.
Implementing Bodies: The scheme is implemented by the Ministry of Micro, Small and Medium Enterprises (MSMEs), with the support of various state and local government agencies.
Beneficiaries: The scheme targets artisans and craftspeople working in 18 traditional trades, including carpentry, blacksmithing, pottery, and tailoring.
Benefits
- Recognition: Artisans receive PM Vishwakarma certificates and ID cards.
- Skill Upgradation: Access to basic and advanced training with a stipend.
- Toolkit Incentive: E-vouchers for purchasing toolkits.
- Credit Support: Collateral-free loans at a concessional interest rate.
- Digital Transaction Incentive: Rewards for digital transactions.
- Marketing Support: Assistance in branding, e-commerce, and marketing.
- Formalization: Beneficiaries are onboarded as entrepreneurs in the MSME ecosystem.

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