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PM Vishwakarma Empowerment
Context:
As of September 2025, the PM Vishwakarma Scheme has registered around 30 lakh artisans, with more than 26 lakh completing skill verification and 4.7 lakh loans sanctioned worth ?41,188 crore.
Background and Launch:
- Launched on 17 September 2023 (Vishwakarma Jayanti).
- Financial outlay:?13,000 crore (FY 2023-24 to 2027-28).
- Jointly implemented by MoMSME, MSDE, and DFS (MoF).
Coverage and Trades:
- Targets artisans in 18 family-based traditional trades (e.g., carpenter, blacksmith, mason, potter, tailor, cobbler, barber, washerman, mat maker, etc.).
- Special focus on women, SCs, STs, OBCs, PwDs, transgenders, NER states, hilly and island territories.
- Raajmistri (Mason) is the most registered trade.
Key Benefits:
- Recognition: PM Vishwakarma Certificate and ID Card.
- Skill Upgradation: Basic/advanced training; ?500 daily stipend.
- Toolkit Incentive: ?15,000 e-voucher for modern tools.
- Credit Support: Two collateral-free tranches – ?1 lakh (18 months), ?2 lakh (30 months); concessional interest 5% (with 8% GoI subvention).
- Digital Incentive: ?1 per digital transaction (max 100/month).
- Market Linkages: Branding, fairs, exhibitions, certification, GeM onboarding, Udyam Assist Platform.
Impact Till 2025:
- 30 lakh artisans registered; 86% completed training.
- 23 lakh toolkit e-vouchers issued.
- 7 lakh loans sanctioned (?41,188 crore).
- Active presence across 618 districts with 497 DPMUs.
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