What scheme support artist ?

 Central Idea

The Union Cabinet has given its nod to the PM Vishwakarma Scheme, a groundbreaking initiative aimed at uplifting artisans and craftsmen in India.

What is PM Vishwakarma Scheme?

Supporting Artisans: It will be a Central Sector Scheme with twofold objective: to nurture the Guru-Shishya Parampara:

Age-old tradition of imparting skills within families, and

To uplift artisans and craftsmen engaged in manual trades.

Coverage: This comprehensive scheme encompasses 18 traditional trades in its initial phase, including blacksmiths, carpenters, potters, goldsmiths, tailors, and more, who form the bedrock of rural economies.

Key Highlights of Scheme

Financial Provision: The scheme is fortified by a budgetary outlay of 13,000 crore, ensuring robust financial support to artisans and craftsmen.

Recognition and ID: Artisans and craftspeople will receive recognition through the prestigious PM Vishwakarma certificate and an official ID card, validating their skills and contributions.

Credit Support: The scheme provides access to credit support, offering up to 1 lakh in the first tranche and 2 lakh in the second tranche, with an advantageous interest rate of 5%.

Skill Upgradation: To enhance expertise, the scheme includes skill upgradation programs encompassing both basic and advanced training. Participants will receive a stipend of 500 per day during training.

Modern Tools and Incentives: Beneficiaries will be granted up to 15,000 to acquire modern tools, further improving the quality and efficiency of their work.

Digital Transactions and Marketing: Embracing modern practices, the scheme encourages digital transactions and marketing support, linking artisans with bro ader markets.