What is the PM Vishwakarma Yojana? How much loan can I get, and how do I apply?

What is the PM Vishwakarma Yojana? How much loan can I get, and how do I apply?

PM Vishwakarma Yojana: On his 73rd birthday, Prime Minister Modi gave a big gift to the nation. He launched the PM Vishwakarma Yojana. This scheme will help traditional skilled individuals establish their businesses. Under this plan, people will not only get a loan but also receive skill training. Traditional skilled workers like blacksmiths, goldsmiths, potters, weavers, and cobblers will benefit from this scheme. It includes 18 traditional occupations. Let’s dive into the details of this scheme.

You can get a loan of up to 3 lakh rupees

Under the PM Vishwakarma Yojana, you can avail of a loan to start your own business, provided you possess traditional skills. You can get a loan of up to 3 lakh rupees. In the first phase, a loan of 1 lakh rupees is provided to start the business, and in the second phase, a loan of up to 2 lakh rupees is available for business expansion. This loan comes with an interest rate of only 5%.

The PM Vishwakarma Yojana includes skill training

This scheme includes 18 traditional occupations. People will receive training through master trainers in these 18 trades. You will also receive a daily stipend of 500 rupees. Additionally, the PM Vishwakarma certification, ID card, skill development related to basic and advanced training, a 15,000 rupee toolkit incentive, and digital payment encouragement will be provided.

Here are the eligibility criteria:

  • You must be an Indian citizen.
  • You should be associated with one of the 18 trades under the scheme.
  • Your age should be between 18 and 50 years.
  • You must possess a certificate in the relevant trade from a recognized institution.
  • You should belong to one of the 140 eligible castes.

These documents are necessary:

To avail of the benefits of the scheme, you need to have an Aadhar card, PAN card, income certificate, caste certificate, identity proof, residence proof, passport-sized photo, bank passbook, and a valid mobile number.

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How to apply:

Visit the official website pmvishwakarma.gov.in.

  • Click on the “Apply Online” link.
  • Register for the PM Vishwakarma Yojana.
  • You will receive your registration number and password via SMS on your mobile.
  • After that, carefully read and complete the registration form.
  • Scan all the necessary documents and upload them.
  • Finally, click the submit button.

Now, you’re all set to apply for the PM Vishwakarma Yojana!

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