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Vishwakarma scheme

  • Published
    17th Aug, 2023
Context

After the announcement of Prime minister (PM) to launch Vishwakarma scheme in his Independence day speech, the Cabinet Committee on Economic Affairs approves the scheme, with an outlay of Rs.13,000 crore.

Highlights of the scheme:

  • Objective: The scheme aims at improving the quality, as well as the reach of products and services of artisans and craftspeople and to ensure that the ‘Vishwakarmas’ are integrated with the domestic and global value chains.
  • Targeted beneficiaries: 18 traditional trades such as carpenter, boat maker, armourer, blacksmith, hammer and tool kit maker, locksmith, goldsmith, potter, sculptor, stone breaker, cobbler, mason, basket/mat/broom maker/coir weaver, traditional Doll & toy maker, barber, garland maker, washerman, tailor and fishing net maker will be covered under the scheme.
  • Aspiration: The scheme will include five lakh families will be covered in the first year of the scheme and 30 lakh families will be covered over five years.
  • Key points:
    • The artisans and craftspeople will get PM Vishwakarma certificate and ID card, credit support up to Rs.1 lakh (first tranche) and Rs.2 lakh (second tranche) at a concessional interest rate of 5%.
    • The scheme will further provide skill upgradation, toolkit incentive, incentive for digital transactions and marketing support.
    • There will be two types of skilling programmes — basic and advanced.
    • Under the scheme and a stipend of Rs.500 per day will also be provided to beneficiaries while undergoing skill training.
    • They will also get a support of up to Rs.15,000 to buy modern tools.

Vishwakarma Jayanti:

  • The day marks the auspicious celebration of the birth of Lord Vishwakarma, who was the son of Lord Brahma.
  • Factory and store owners perform puja on this day to ask the Lord's favor for success in their respective professions.
  • It is celebrated on 17th September every year.
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