New Delhi: The central government is running special schemes for the public. If you wish to start a business, the PM Vishwakarma Yojana could prove to be highly beneficial. You can avail the benefits of this scheme launched by the Narendra Modi government, which offers collateral-free loans of up to ₹3 lakh. This government scheme marked the completion of three years on Thursday.
This scheme provides funds at a very low interest rate, making it an excellent opportunity to access financial support. It covers a range of businesses. The PM Vishwakarma Yojana was launched on September 17, 2023, with the aim of providing financial assistance to skilled individuals to help them start their own businesses.
Eighteen trades are included in this central government scheme. It provides support to artisans and craftspeople from both rural and urban areas. The covered trades include masons, carpenters, boat makers, blacksmiths, locksmiths, potters (making pottery and other items), sculptors, fishing net makers, and toy makers, among others.
Loan-related Documents
The central government’s PM Vishwakarma Yojana offers more than just loans; it also provides training to skilled individuals across these 18 trades through master trainers. The scheme includes a provision for a stipend of ₹500 during the training period. Furthermore, beneficiaries receive a PM Vishwakarma certificate and ID card, skill upgradation through basic and advanced training, and a toolkit worth ₹15,000.
To apply, one needs an Aadhaar card, PAN card, income certificate, caste certificate, identity proof, proof of residence, passport-sized photograph, bank passbook, and a valid mobile number. Applicants must adhere to certain rules to apply for the scheme.
How to Apply
If you wish to apply for this scheme, you must follow specific guidelines. Applicants must be associated with one of the 18 designated trades. The age limit for applying is between 18 and 50 years. Applications for the loan can be submitted via the website. On the homepage, click on the ‘Apply Online’ option located within the ‘PM Vishwakarma Kaushal Samman Yojana’ section.
Registration is mandatory; a registration number and password will be sent to your registered mobile number via SMS. Carefully read and fill out the registration form, attach the required documents, and submit it.
Number of registrations so far
Over 30 lakh people have been registered under the PM Vishwakarma Yojana over a period of three years. Government data indicates that approximately 24.50 lakh Vishwakarmas have also received skill training.
Additionally, 18.15 lakh modern toolkits have been delivered to the homes of Vishwakarmas through India Post, helping artisans adopt better tools and enhance the quality and productivity of their work.
