Now artisans can get loans up to Rs 1 lakh, know how

‘PM Vishwakarma’ scheme: Good news for traditional artisans and craftspeople including weavers, goldsmiths, blacksmiths, laundry workers, and barbers of rural and urban India as the Union Cabinet on Wednesday approved ‘PM Vishwakarma’ scheme. 

Under ‘PM Vishwakarma’ scheme, traditional artisans and craftsmen can get loans up to Rs 1 lakh on concessional interest rate of 5%.

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When was ‘PM Vishwakarma’ scheme launched? 

The launch of the ‘PM Vishwakarma’ scheme was announced by Prime Minister Narendra Modi during his address to the nation from the ramparts of the Red Fort on the 77th Independence Day. 

'PM Vishwakarma’ scheme: Financial Outlet 

Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw said the scheme has a financial outlay of Rs 13,000 crore.

The Prime Minister had said in his address to the nation that the scheme will empower people with traditional skills.    

“In the days to come, we will launch a scheme on the occasion of Vishwakarma Jayanti, benefiting individuals skilled in traditional craftsmanship, particularly from the OBC community. Weavers, goldsmiths, blacksmiths, laundry workers, barbers, and such families will be empowered through the Vishwakarma Yojana,” the PM said.

‘PM Vishwakarma’ scheme: Aim 

The PM Vishwakarma Scheme aims to improve the quality, scale and reach of products and services of artisans and craftspeople and to integrate them with the domestic and global value chain. This would result in the economic empowerment of such workers, especially those belonging to the Scheduled Castes, Scheduled Tribes, Other Backward Communities, women, transgender and other weaker sections of the society.

Union Cabinet approves new Central Sector Scheme ‘PM Vishwakarma’ to support traditional artisans and craftspeople of rural and urban India

Scheme to have a financial outlay of ₹13,000 crore

Eighteen traditional trades to be covered in the first instance under PM Vishwakarma… pic.twitter.com/q5DCKtK34F — PIB India (@PIB_India) August 16, 2023

Traditional trades covered under ‘PM Vishwakarma’ scheme

These trades include

(i) Carpenter (Suthar); 

(ii) Boat Maker; 

(iii) Armourer; 

(iv) Blacksmith (Lohar); 

(v) Hammer and Tool Kit Maker; 

(vi) Locksmith; 

(vii) Goldsmith (Sonar); 

(viii) Potter (Kumhaar);

 (ix) Sculptor (Moortikar, stone carver), Stone breaker;

 (x) Cobbler(Charmkar)/ Shoesmith/Footwear artisan; 

(xi) Mason (Rajmistri); 

(xii) Basket/Mat/Broom Maker/Coir Weaver; 

(xiii) Doll & Toy Maker (Traditional); 

(xiv) Barber (Naai); 

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(xv) Garland maker (Malakaar);

 (xvi) Washerman (Dhobi); 

(xvii) Tailor (Darzi); and 

(xviii) Fishing Net Maker

- With inputs from agencies

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