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PM Vishwakarma Scheme : Prime Minister Narendra Modi Launches Important Scheme For Boosting Artisans and Crafts Persons With ₹13,000 Crores

PM Vishwakarma Scheme: Addressing the audience at the launch ceremony, PM Modi stated, “Today, it is the need of the hour to recognize our Vishwakarma partners and support them in every possible way. Our government is working for the development of our Vishwakarma partners.”

New Delhi, 17 September (City Times): PM Vishwakarma Scheme : In a significant move to support and uplift artists and crafts persons in India, Prime Minister Narendra Modi has unveiled the ‘PM Vishwakarma’ scheme. During the launch event, the Prime Minister announced that the Union government is allocating a whopping ₹13,000 crores for this initiative. This scheme aims to be a beacon of hope for artisans and crafts persons across the nation.

Recognizing Vishwakarma Partners

Addressing the audience at the launch ceremony, PM Modi stressed the importance of recognizing and supporting the Vishwakarma partners. He stated, “Today, it is the need of the hour to recognize our Vishwakarma partners and support them in every possible way. Our government is working for the development of our Vishwakarma partners.”(PM Vishwakarma Scheme )

VIDEO CREDIT : ANI

Diverse Sectors Covered

Under the ‘PM Vishwakarma’ scheme, the government has identified 18 different sectors where Vishwakarma partners are actively engaged. These sectors will be the focus of the scheme’s initiatives. PM Modi reiterated, “The government is going to spend ₹13,000 crores on the ‘PM Vishwakarma’ scheme…”(PM Vishwakarma Scheme)

A Ray of Hope

Coinciding with the celebration of Vishwakarma Jayanti, PM Modi expressed his warm wishes to the people of India and highlighted the launch of the ‘PM Vishwakarma’ scheme. He described it as a ray of hope for artists and crafts persons who have long been the custodians of India’s rich cultural heritage.(PM Vishwakarma Scheme)

Empowering Through Training

Key components of the ‘PM Vishwakarma’ scheme include the provision of specialized training to Vishwakarma partners, with ₹500 being granted while the training is in progress. Additionally, beneficiaries will receive a Toolkit voucher worth ₹1,500. The government will play a pivotal role in assisting with branding, packaging, and marketing of the products created by these artisans. In return, the government expects these artisans to purchase Toolkits exclusively from GST-registered shops.(PM Vishwakarma Scheme)

Access to Low-Interest Loans

PM Modi also emphasized the financial support provided through this scheme. Beneficiaries can access loans of up to ₹3 lakhs without the need for a bank guarantee. Moreover, the interest rates on these loans will be maintained at a low level. As part of this financial support, an initial ₹1 lakh loan will be offered, with the possibility of an additional ₹2 lakhs once the initial loan is repaid.(PM Vishwakarma Scheme)

Conference Tourism Potential

In his address, PM Modi touched upon the burgeoning conference tourism industry. He revealed that globally, the conference tourism industry is valued at over ₹25 lakh crores. More than 32,000 significant exhibitions and expos take place worldwide annually, and India’s participation in this industry is merely 1%. Recognizing the potential for growth, PM Modi stated, “Today’s new India is preparing itself for conference tourism…” (PM Vishwakarma Scheme )

Delhi as a Hub

PM Modi shared his vision for India’s role in conference tourism, particularly focusing on Delhi. He stated that facilities like Bharat Mandapam and YashoBhoomi would make Delhi a major hub for conference tourism. Just as adventure, medical, spiritual, and heritage tourism thrive where the necessary environment exists, conference tourism will flourish in regions equipped to host events and meetings.

The ‘PM Vishwakarma’ scheme promises to be a game-changer for artisans and crafts persons across India, offering them vital support and opportunities for growth and prosperity. It reflects the government’s commitment to preserving and promoting India’s rich cultural heritage while embracing new avenues for economic development.(PM Vishwakarma Scheme)

Transforming Artisan Livelihoods

Prime Minister Modi emphasized that the ‘PM Vishwakarma’ scheme aims to transform the livelihoods of artisans and craftspersons across 18 different sectors. This initiative recognizes the invaluable contributions of these skilled individuals to India’s cultural and economic tapestry. By providing comprehensive training, financial support, and avenues for marketing their creations, the government intends to bolster their income and promote traditional Indian crafts on a global scale.

A Toolkit for Success

As part of the ‘PM Vishwakarma’ scheme, artisans will receive a toolkit voucher worth ₹1,500. This toolkit includes essential equipment and materials necessary for their respective crafts. It serves as a foundational resource for artisans, enabling them to produce high-quality goods and enhance their productivity. Moreover, the government’s support in branding and marketing these products ensures that artisans can reach a wider audience and receive fair compensation for their creations.

Fostering Innovation and Entrepreneurship

Prime Minister Modi also highlighted the government’s commitment to fostering innovation and entrepreneurship within the artisan community. By offering loans of up to ₹3 lakhs without the need for a bank guarantee, artisans have access to vital financial resources for expanding their businesses. This support extends beyond initial financial aid, as repaying the first ₹1 lakh loan will unlock an additional ₹2 lakhs, enabling artisans to scale up their operations and contribute to India’s economic growth.

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