PM Vishwakarma Scheme | 08 Oct 2025

Source: PK

Why in News? 

A one-day training and awareness programme on the PM Vishwakarma Scheme was held in Karmatand, Jharkhand, where 163 individuals received hands-on training. 

• The initiative aims to empower traditional artisans through skill development, financial support, and integration with modern marketing tools.

Key Points

• Skill Development Focus: Each participant received ₹15,000 for the training programme, including ₹500/day as an incentive.
  • The five-day training aimed to upgrade skills of traditional artisans in various trades under the 18 recognized trades in the scheme.
• Financial Assistance: First loan installment of ₹1 lakh at a subsidized 5% interest rate helps trained artisans scale operations or start micro-enterprises with minimal credit risk.

PM Vishwakarma Scheme 

• Launch Year: 2023 
• Type of Scheme: Central Sector Scheme 
• Nodal Ministry: Ministry of Micro, Small & Medium Enterprises (MSME) 
• Eligibility: Traditional artisans and craftsmen (above 18 years of age) engaged in 18 identified trades. 
• Benefits:  

  • Registration & Recognition: Get Vishwakarma Certificate and ID Card.

  • Credit Support:

    • Collateral-free loans of ₹1 lakh and ₹2 lakh.
    • 5% interest rate (Govt. gives 8% subsidy).
    • No credit guarantee fee (Govt. pays it).
  • Skill Upgradation: 5-day basic training and 15+ days advanced training; ₹500 daily stipend during training.
  • Toolkit Incentive: ₹15,000 via DBT or e-vouchers for tools.
  • Other Benefits: Digital inclusion, market linkages, and business support.
• Target: Uplift and integrate artisans and craftsmen into the formal economy. 
• Total Outlay: Rs 13,000 crore for 5 years 2023-24 to 2027-28.