India’s Prime Minister, Shri Narendra Modi, along with the Ministry of Micro, Small & Medium Industries, has introduced the PM Vishwakarma Yojana Registration 2023. This initiative is designed to provide artisans with access to low-interest loans of Rs 3 lakh from the Government. These funds can be utilized to enhance their workshops or skills and effectively market their crafted products. If you possess artisanal skills or work as an artisan, it is highly recommended that you consider enrolling in the PM Vishwakarma Yojana 2023.
Launched in October 2023, this scheme has a primary objective of enhancing the quality of life for artisans. If you operate as an artisan within the unorganized sector, you too can benefit from the Vishwakarma Yojana in 2023 by completing the registration process. Nevertheless, we strongly advise all interested individuals to verify the official website and review the PM Vishwakarma Yojana 2023 eligibility criteria as specified below.
PM Vishwakarma Yojana Registration Eligibility Criteria 2023
To be eligible for the PM Vishwakarma Yojana 2023, the following criteria apply:
- Age Requirement: Applicants must be Indian citizens aged 18 years or above.
- Traditional Craft: Applicants should be involved in traditional work that utilizes handicrafts and tools.
- Loan History: If individuals have been utilizing loan facilities from other centrally sponsored schemes such as Mudra loan or PMEGP for at least 5 years, they are not eligible for this scheme. However, if they have maintained a timely repayment record for their Mudra loan, they can still apply for the Vishwakarma scheme.
- One Member Per Family: Only one member per family is eligible to avail the benefits of the Vishwakarma scheme.
- Government Employment: Individuals engaged in government jobs, or their immediate family members (including husband, wife, and unmarried children), are not eligible to apply for this scheme.
PM Vishwakarma Yojana Registration Main Features
- During her 2023-2024 Budget Address, Finance Minister Nirmala Sitharaman unveiled the PM Vishwakarma Yojana, allocating a substantial budget of Rs 13,000 crore to support this initiative.
- The PM Vishwakarma Yojana is designed to directly benefit the diverse Vishwakarma community. One of its key components involves providing practical training to the local population in Kargil.
- Under this scheme, the government offers loans ranging from Rs 1000000 to Rs 2000000 with a government contribution of 5% towards these loans. The overarching goal of this project is to stimulate community employment opportunities and bolster financial stability.
- Workers at Vishwakarma might benefit immensely from this effort which could provide them new opportunities For the millions of traditional craftspeople who depend on tools for their work it offers a potential route. These craftsmen may acquire self-employment skills through the programme, as well as how to efficiently promote their products.
- The PM Vishwakarma Yojana is inclusive as well, seeking to aid underprivileged groups including Scheduled Castes, Scheduled Tribes, Other Backward Classes (OBCs), women, tribal people, and others in their pursuit of economic growth.
PM Vishwakarma Yojana Registration Apply 2023
- If you meet the eligibility criteria for the scheme, you can proceed to fill out the PM Vishwakarma Yojana Registration Form for the year 2023. All interested applicants can visit Pmvishwakarma.gov.in to initiate the registration process.
- To successfully register, it’s important to have certain essential documents on hand, including your Aadhaar Card, Bank Account Number, Passbook, Domicile proof, Skill Certificate, and any other required documentation.
- You can follow the step-by-step instructions provided below for registration or simply use the direct link provided to expedite the process.
- Upon completing your registration, you should patiently await the release of the beneficiary list, which will feature the names of eligible candidates selected for the scheme.