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PM Vishwakarma Scheme Marks Three Years
PM Vishwakarma Scheme marks three years since its launch in 2023. The scheme has achieved the milestone of registering 30 lakh beneficiaries under it.
PM Vishwakarma Scheme:
| Dimension | Key Details |
|---|---|
| Type | The scheme is a Central Sector Scheme. |
| Nodal Ministry | The scheme is launched by the Ministry of Micro, Small and Medium Enterprises (MSME). |
| Launch | The scheme has been launched in 2023. |
| Objective | The scheme provides for end-to-end support to traditional artisans and craftspeople engaged in 18 identified trades. |
| Focus Areas | The scheme focuses on recognition, skill upgradation, modern tools, collateral-free credit, digital transaction incentives, and market linkage. |
| Target Beneficiaries | The scheme applies to artisans and craftspeople engaged in the 18 specified traditional trades. |
| Eligibility: Work and sector | An artisan or craftsperson is eligible if engaged in one of the 18 traditional trades on a self-employment basis in the unorganised sector. |
| Eligibility: Minimum age | The scheme mandates a minimum age of 18 years. |
| Eligibility: Prior scheme availing condition | An applicant should not have availed similar credit-based schemes, for example, PMEGP, PM SVANidhi, and Mudra, in the past 5 years, with some exceptions for fully repaid loans. |
| Eligibility: Family cap | Only one member per family, husband, wife, and unmarried children, can avail benefits. |
| Ineligibility | Government employees and their family members are ineligible. |
| Digital transaction incentive | An incentive of Re. 1 per digital transaction, up to a maximum 100 transactions monthly, is credited to the beneficiary’s account for each digital pay-out or receipt. |
| Current milestone | The scheme has achieved registration of 30 lakh beneficiaries. |