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Empowering Artisans: A Deep Dive into PM Vishwakarma Yojana

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  • Post published:September 21, 2023
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Last Updated on September 21, 2023 by Sumitha

In financial opportunities and government schemes, Vishwakarma Yojana stands as a beacon of hope for individuals seeking to secure their future. This comprehensive guide delves into the intricacies of Vishwakarma Yojana, shedding light on its benefits, eligibility criteria, and the application process. By the end of this article, you’ll have a profound understanding of this scheme and how it can positively impact your financial journey.

What is Vishwakarma Yojana?

Vishwakarma Yojana is a government initiative to promote financial inclusion and provide a safety net for the underprivileged. It is a well-thought-out scheme that offers numerous benefits to eligible beneficiaries, making it a vital aspect of India’s social welfare system.

Eligibility Criteria for Vishwakarma Yojana

To harness the advantages of Vishwakarma Yojana, one must meet specific eligibility criteria. While these criteria may vary slightly from state to state, the core requirements generally include:

  • Residential Status: Applicants should be Indian citizens and residents of the state where they apply.
  • Income Criteria: Vishwakarma Yojana primarily targets individuals from economically weaker sections. Therefore, applicants should fall within a specified income bracket to qualify for the scheme.
  • Age Limit: The scheme may have age restrictions for certain benefits. It’s essential to check the age criteria for the specific scheme you are interested in.
  • Occupation: Some schemes under Vishwakarma Yojana may be occupation-specific. Ensure that you meet the occupation-related requirements, if applicable.

Benefits Offered by Vishwakarma Yojana

Financial Assistance

One of the primary advantages of Vishwakarma Yojana is providing financial aid to eligible beneficiaries. This financial assistance can be a lifeline for those facing financial hardships. The assistance amount may vary depending on the scheme and the individual’s financial situation.

Skill Development

Vishwakarma Yojana recognizes the importance of skill development in enhancing employability. Under this scheme, beneficiaries may have access to skill development programs and training, equipping them with valuable skills for a brighter future.

Educational Support

Education is a fundamental right, and Vishwakarma Yojana acknowledges this by offering educational support to deserving candidates. This support can include scholarships, tuition fee waivers, and educational material assistance.

Healthcare Benefits

Healthcare expenses can be a significant burden for many. Vishwakarma Yojana seeks to alleviate this burden by providing healthcare benefits to eligible individuals. This can include access to quality healthcare services and financial assistance for medical expenses.

Latest Updates

On the 17th of September 2023, Prime Minister Narendra Modi ushered in a groundbreaking initiative known as the PM Vishwakarma Yojana, specifically tailored to benefit traditional artisans and craftsmen. The primary objective of the Vishwakarma Yojana is to elevate the quality and accessibility of the products and services crafted by these skilled artisans.

Finance Minister Nirmala Sitharaman made a significant announcement regarding this initiative, revealing that artisans and craftsmen would have access to collateral-free loans at an incredibly low-interest rate of 5%. Moreover, the government pledged to extend substantial support by providing an 8% interest subsidy on loans obtained through this yojana.

By allocating a substantial sum of Rs. 13,000 crore in the 2023-24 Budget, the government has demonstrated its unwavering commitment to the success of the Vishwakarma Yojana. Under the ambit of this scheme, beneficiaries will be eligible for an initial loan of Rs. 1 lakh, which carries an 18-month repayment period. Furthermore, an additional loan of Rs. 2 lakh with a more extended 30-month repayment period will be extended to empower these artisans further.

The Vishwakarma Yojana encompasses diverse components designed to foster holistic development. These components include financial support, the dissemination of modern digital techniques, and the adoption of efficient green technologies. Additionally, artisans will gain access to advanced skill training to stay competitive in the ever-evolving market landscape. Integration with regional and international markets is a key facet of this initiative, promoting the global reach of their artisanal creations. The scheme will also focus on brand promotion, encourage digital payments, and ensure social security for the artisans.

Within the Vishwakarma Yojana framework, 18 professions are identified as beneficiaries, including masons, boat builders, stone sculptors, blacksmiths, goldsmiths, and carpenters. The beneficiaries will be selected through a meticulous three-layer process to ensure inclusivity and fairness. As part of their participation in the program, every beneficiary will receive a five-day skill training program with a daily payment of Rs. 500. Additionally, a toolkit incentive of Rs. 15,000 will be granted to further empower these artisans in their craft. To promote digital transactions, beneficiaries will also receive a digital transaction incentive of Rs. 1 per transaction, applicable for up to 100 transactions each month. This multifaceted approach is set to rejuvenate traditional craftsmanship, empower artisans, and strengthen the country’s rich cultural heritage.

How to Apply for Vishwakarma Yojana?

Applying for Vishwakarma Yojana is a straightforward process, but it’s essential to follow the steps meticulously to ensure your application’s success. Here’s a step-by-step guide:

  1. Check Eligibility: Before applying, ensure you meet the eligibility criteria for the specific scheme you wish to enrol in. This step is crucial to avoid any potential rejections.
  2. Gather Documents: Prepare all the necessary documents, including proof of identity, residence, income, and occupation, as the scheme requires.
  3. Online Application: Most Vishwakarma Yojana schemes offer an online application portal. Visit the scheme’s official website or the government portal to fill out the application form.
  4. Submission: Upload scanned copies of your documents and complete the application form accurately. Double-check all the information before submission.
  5. Verification: After submitting your application, it will undergo a verification process. Ensure that your contact information is correct, as authorities may need to contact you during this phase.
  6. Approval and Benefits: If your application is approved, you will receive the benefits per the scheme’s guidelines. Be sure to keep all communication and documents related to your application safe.


In conclusion, Vishwakarma Yojana is a commendable government initiative striving to uplift disadvantaged individuals’ lives. By understanding the eligibility criteria, benefits, and application process, you can take a significant step toward securing a brighter and more prosperous future for yourself and your family.


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