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🔆Prime Minister launches ‘Vishwakarma’ Scheme for traditional artisans
✅The Prime Minister launched the Pradhan Mantri Vishwakarma Yojana to support and empower traditional artisans and craftspeople in India.
✅The scheme aims to preserve and promote the rich cultural heritage of traditional crafts and assist artisans in transitioning to the formal economy and integrating them into global value chains by providing recognition, skill upgradation, toolkit incentives, collateral-free credit support, and marketing support to eligible beneficiaries.
✅Under the scheme, eligible beneficiaries will be registered free of charge through Common Services Centers using a biometric-based PM Vishwakarma portal.
✅They will receive recognition through a PM Vishwakarma certificate and ID card, as well as skill upgradation involving basic and advanced training.
✅Toolkit incentives of ₹15,000 will also be provided, along with collateral-free credit support up to ₹1 lakh (first tranche) and up to ₹2 lakh (second tranche) at a concessional interest rate of 5%.
✅Incentives for digital transactions and marketing support will also be provided.
✅The Ministry of Micro, Small & Medium Enterprise is the nodal ministry for the scheme.
BY Civil Services Exam (UPSC)
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