PM Vishwakarma scheme: 7 benefits available for MSMEs

PM Vishwakarma scheme: 7 benefits available for MSMEs

On the occasion of Vishwakarma Jayanti and his 73rd birthday on Sunday, PM Modi launched the PM Vishwakarma scheme for artisans and craftspeople involved in 18 traditional industries coming under the MSME sector

On the occasion of Vishwakarma Jayanti and his 73rd birthday on Sunday, PM Modi launched the PM Vishwakarma scheme for artisans and craftspeople involved in 18 traditional industries coming under the MSME sector

The artisans and craftspeople, customarily called Vishwakarmas, in their artistic capacity, create items with their hands using traditional tools and techniques

The artisans and craftspeople, customarily called Vishwakarmas, in their artistic capacity, create items with their hands using traditional tools and techniques

Here are the benefits to be offered to artisans and craftspeople according to the scheme’s portal

Here are the benefits to be offered to artisans and craftspeople according to the scheme’s portal

Recognition as Vishwakarma through Certificate and ID Card

Recognition as Vishwakarma through Certificate and ID Card

Skill verification followed by five to seven days (40 hours) of basic training. Interested candidates can also enrol for 15 days (120 hours) of advanced training

Skill verification followed by five to seven days (40 hours) of basic training. Interested candidates can also enrol for 15 days (120 hours) of advanced training

Training stipend of Rs 500 per day

Training stipend of Rs 500 per day

Toolkit incentive of up to Rs 15,000 grant

Toolkit incentive of up to Rs 15,000 grant

Collateral-free loan of Rs 1 lakh (first tranche for 18 months repayment) and Rs 2 lakh (second tranche for 30 months repayment) at a concessional 5 per cent interest with interest subvention cap of 8 per cent to be paid by the MSME Ministry

Collateral-free loan of Rs 1 lakh (first tranche for 18 months repayment) and Rs 2 lakh (second tranche for 30 months repayment) at a concessional 5 per cent interest with interest subvention cap of 8 per cent to be paid by the MSME Ministry

Re 1 as an incentive for every digital transaction for a maximum of up to 100 transactions monthly

Re 1 as an incentive for every digital transaction for a maximum of up to 100 transactions monthly

The National Committee for Marketing under the scheme will provide services such as quality certification, branding & promotion, e-commerce linkage, trade fairs advertising, publicity and other marketing activities

The National Committee for Marketing under the scheme will provide services such as quality certification, branding & promotion, e-commerce linkage, trade fairs advertising, publicity and other marketing activities

Image: Pexels

Image: Pexels

Cover image: Retures

Cover image: Retures