Aims: to provide end-to-end holistic support to traditional artisans and craftspeople in scaling up their products and services.
Objectives:
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- To recognize artisans and craftspeople as viswakarma.
- To provide skill upgradation with suitable training.
- To provide support for modern tools of better quality.
- To enhance accessibility and availability of credit.
- To incentivize digital transactions.
- To promote branding and marketing.
Features:
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- It is a central sector scheme.
- Duration: 5 years (FY 2023-24 to FY 2027-28)
- Eligibility:
- An artisan working with hands and engaged in family based traditional trade in unorganized sector on self-employment basis.
- Age – 18 years or above
- Should not have availed loan under similar credit-based schemes, in past 5 years.
- Benefits restricted to one member of the family.
- Anyone in government service and their family member will not be eligible.
- The scheme will be jointly administered by Ministry of MSME, Ministry of Skill Development and Entrepreneurship and Department of Financial Services of Ministry of Finance.
- The registration for the scheme will be through Common Service Centres (CSC).
- PM Vishwakarma certificate and ID card will be provided.
- All scheduled commercial banks, Regional Rural banks, Small Finance Banks, Cooperative Banks, NBFCs, and Micro Finance Institutions are eligible for lending.
Benefits:
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- It provide recognition to artisans and craftsman through Viswakarma certification.
- Skill development (basic training) and skill upgradation (advanced training), along with stipend of Rs. 500 per day.
- National Committee for Marketing (NCM) is setup to provide marketing support through services such as quality certification, Branding and Promotion, E-commerce linkages, advertising, publicity etc.
- Availability of cheap collateral free credit at concessional rates.
- Promote digital transactions by providing incentives like Re 1 per transaction for maximum upto 100 transactions (monthly).
