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PM Vishwakarma Scheme: Skill training with a loan of Rs 3 lakh

PM Vishwakarma Yojana is a scheme launched by the Government of India to provide skill development and financial assistance to people with traditional skills. The objective of the scheme is to empower artisans and craftsmen economically and increase their income.

Under the scheme, beneficiaries will be given a loan of up to Rs 3 lakh in two phases at a concessional interest rate of 5%. In the first phase, a loan of Rs 1 lakh will be given to start a business, and in the second phase, a loan of Rs 2 lakh will be given to organize and expand the business.

Under the scheme, beneficiaries will also be given training for skill development. The training will be provided by master trainers and will cover 18 different trades. During the training, beneficiaries will also be given a stipend of Rs 500 per day.

Other benefits of the scheme include:

  • PM Vishwakarma certificate and ID card
  • Skill upgradation related to basic and advanced training
  • Tool kit incentive of Rs 15,000
  • Incentives for digital transactions

To avail the benefits of the scheme, beneficiaries will have to apply online on the PM Vishwakarma portal. To apply, beneficiaries will have to submit the following documents:

  • Aadhar card
  • PAN card
  • Voter ID card
  • Bank account passbook
  • Photograph

The eligibility criteria for the scheme are as follows:

  • The beneficiary can be of any caste, religion, or gender.
  • The beneficiary must be over 18 years of age.
  • The beneficiary must be trained in any traditional skill.
  • The beneficiary must be working in a business or industry.

PM Vishwakarma Yojana is an important initiative that will help empower people with traditional skills. The scheme will empower artisans and craftsmen economically and increase their income.

Here are some additional details about the scheme:

  • The scheme will cover 18 different trades, including carpentry, boat making, blacksmithing, locksmithing, goldsmithing, pottery, sculpture, masonry, fishing net making, and toy making.
  • The training will be provided by master trainers who are experts in their respective trades.
  • The training will be provided in both rural and urban areas.
  • The loan will be provided through banks and financial institutions.

The government has allocated Rs 13,000 crore for the implementation of the scheme. The scheme is expected to benefit over 10 million artisans and craftsmen across the country.

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