Why in news?
At a recent meeting, the National Steering Committee for the PM Vishwakarma Scheme approved several measures to expedite loan sanctions and disbursements to eligible artisans. This decision signals the government’s intent to accelerate support for those who keep India’s traditional crafts alive.
Background
The PM Vishwakarma Scheme is a Central Sector scheme launched in September 2023 by the Ministry of Micro, Small and Medium Enterprises (MSME). It aims to preserve and strengthen the Guru‑Shishya tradition of master craftspersons transmitting skills to apprentices. Recognising that many artisans lack access to formal credit and training, the scheme provides financial and institutional support over five years, from FY 2023–24 to FY 2027–28.
Eligibility and coverage
- Beneficiaries: Rural and urban artisans aged 18 years or older who practise one of 18 identified trades – such as boat building, blacksmithing, tool making, pottery, masonry and weaving – and have not availed similar loans in the past five years.
- Scope: The scheme plans to enrol around five lakh families in the first year and expand coverage to 30 lakh families over five years.
Key features
- Recognition: Beneficiaries receive a PM Vishwakarma certificate and ID card, formally recognising them as master artisans.
- Skill upgradation: Basic training of five to seven days and advanced training of at least 15 days help artisans upgrade their skills. Trainees receive a stipend of Rs 500 per day during training.
- Toolkit incentive: An initial toolkit voucher worth up to Rs 15,000 helps artisans purchase modern tools.
- Credit support: The scheme provides collateral‑free loans of up to Rs 3 lakh in two stages – Rs 1 lakh followed by Rs 2 lakh – at a concessional interest rate of 5 percent. Repayment schedules are designed to be manageable.
Significance
- Preserving heritage crafts: By supporting artisans financially and through training, the scheme helps keep traditional skills alive in an era of mass production.
- Economic upliftment: Credit and market linkage help craftspeople expand their enterprises, increase incomes and provide employment in local communities.
- Inclusivity: Focus on family‑based, hand‑skill‑driven trades ensures that marginalised artisans – many of whom are from scheduled castes, scheduled tribes and other disadvantaged groups – are included.
Conclusion
The PM Vishwakarma Scheme represents a comprehensive effort to nurture India’s artisans. Successful implementation requires streamlined loan delivery, robust training infrastructure and effective marketing support. When these elements come together, the programme can empower craftspeople, preserve cultural heritage and contribute to inclusive economic growth.
Sources: Press Information Bureau
