📋 Tender Overview
The PM Vishwakarma Scheme was launched on 17.09.2023 to provide end-to-end support to artisans and craftspeople of 18 trades who work with their hands and tools. The Scheme’s components include recognition through PM Vishwakarma Certificate and ID Card, Skill Upgradation, Toolkit Incentive, Credit Support, Incentive for Digital Transactions and Marketing Support. The objective of the scheme is to help the traditional artisans and craftspeople to become entrepreneurs and self-reliant. It is expected that the scheme will generate livelihood opportunities for artisans and craftspeople, enhance their skills, and integrate modern tools and technology into their work. Additionally, they will be provided with linkages to domestic and global markets.
As of 29.07.2024, loan sanctions have been granted to 56,526 applications, totaling Rs. 551.80 crore, and loan disbursements have been made to 15,878 applications, totaling Rs. 132.49 crore across the country under the credit component of the scheme and 9,05,328 applicants have opted for marketing support, out of total 14.38 lakh successfully registered eligible beneficiaries.
The Scheme is being conjointly implemented by the Ministry of Micro, Small and Medium Enterprises (MoMSME), the Ministry of Skill Development and Entrepreneurship (MSDE) and the Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India. For the smooth implementation of PM Vishwakarma across the country, National Steering Committee meetings are being held regularly under the co-chairmanship of the Secretaries of DFS, MSDE & MoMSME.
