Google trend - PM Vishwakarma Yojana

PM Vishwakarma Yojana is a government scheme launched by the Prime Minister of India, Narendra Modi, with the aim of promoting skill development and entrepreneurship among the Vishwakarma community. The Vishwakarma community, also known as the Vishwabrahmin community, is a traditionally skilled community involved in various crafts and trades.

The scheme was launched on 15th September 2019, on the occasion of Vishwakarma Jayanti, which is considered auspicious for the community. The objective of the scheme is to provide financial assistance and support to the Vishwakarma community members in setting up their own businesses and becoming self-reliant.

Under the PM Vishwakarma Yojana, the government provides financial assistance in the form of loans and subsidies to eligible beneficiaries. The scheme aims to empower the Vishwakarma community by promoting entrepreneurship and skill development in various sectors such as manufacturing, handicrafts, carpentry, blacksmithing, welding, etc.

The scheme offers various benefits to the beneficiaries, including financial assistance for setting up businesses, skill development training, and access to credit facilities. The government provides loans at subsidized interest rates to help the beneficiaries establish their businesses and generate employment opportunities.

To avail the benefits of the scheme, the eligible beneficiaries need to apply through the designated online portal. The applicants are required to provide details of their business proposal, including the type of business, investment required, and expected employment generation. The applications are then reviewed by a committee appointed by the government, which assesses the feasibility and viability of the proposed business.

Once the application is approved, the beneficiaries receive financial assistance in the form of loans, which can be used for various purposes such as purchasing machinery, raw materials, and setting up infrastructure. The scheme also provides support for skill development training, where the beneficiaries can enhance their existing skills or learn new skills to improve their business prospects.

The PM Vishwakarma Yojana also focuses on providing access to credit facilities to the beneficiaries. The government has tied up with various banks and financial institutions to ensure easy availability of credit for the Vishwakarma community members. This helps them overcome the financial barriers and establish their businesses without any financial constraints.

Apart from financial assistance, the scheme also promotes the use of technology and innovation in the Vishwakarma community. The beneficiaries are encouraged to adopt modern techniques and technologies in their businesses to enhance productivity and competitiveness. The government provides technical support and guidance to the beneficiaries to help them leverage technology for their business growth.

The PM Vishwakarma Yojana has been successful in empowering the Vishwakarma community and promoting entrepreneurship among its members. It has helped in creating employment opportunities, reducing unemployment, and promoting economic growth in the community. The scheme has also contributed to preserving and promoting traditional crafts and skills of the Vishwakarma community, which were at the risk of being lost due to the lack of opportunities and support.

In conclusion, PM Vishwakarma Yojana is a commendable initiative by the government to promote skill development and entrepreneurship among the Vishwakarma community. The scheme provides financial assistance, skill development training, and access to credit facilities to empower the beneficiaries and help them establish successful businesses. It has been instrumental in creating employment opportunities, promoting economic growth, and preserving traditional skills and crafts of the Vishwakarma community.