PM Vishwakarma Scheme

UPSC Reference Category: GS Paper II – Government Schemes | GS III – MSME | Inclusive Growth

Launch

17 September 2023

Nodal Ministry

Ministry of Micro, Small & Medium Enterprises (MSME).

It is implemented with participation from the Ministry of Skill Development & Entrepreneurship and Department of Financial Services.

Target

Traditional artisans and craftspeople working with their hands and tools.

18 Trades

Examples include:

  • Carpenter
  • Boat maker
  • Armourer
  • Metal artisan
  • Locksmith
  • Goldsmith
  • Potter
  • Sculptor
  • Cobbler
  • Mason
  • Barber
  • Tailor
  • Fishing-net maker.

Benefits

  • Recognition through certificate and ID card
  • Skill training
  • Toolkit incentive up to ₹15,000
  • Credit support
  • Digital transaction incentives
  • Marketing support.

Enterprise loans can reach ₹3 lakh in two tranches at concessional interest rates.

Financial Outlay

₹13,000 crore.

Key Pointer

PM Vishwakarma → 18 traditional trades → MSME Ministry → skills + toolkit + credit + market linkage