PM Vishwakarma Yojana 2024, How to Apply for 1 Lakh Loan: The Central Government of India launched PM Vishwakarma Yojana on 17 September 2023. The program aims to support the Vishwakarma community’s traditional artists and craftspeople by increasing their output and quality.
Vishwakarma category members who meet the eligibility requirements can avail of several government benefits including low-interest loans up to Rs 1 lakh. Before applying, applicants should know about the eligibility requirements of the scheme. For this, read all the sections of this post carefully.
PM Vishwakarma Yojana 2024
The benefits of the PM Vishwakarma Scheme are numerous and include financial assistance, skill-building training, credit availability, increased empowerment, and better job prospects. Follow this post to find out How to Apply for the One Lakh Loan under the Vishwakarma Yojana. Beneficiaries of the Pradhan Mantri Vishwakarma Yojana will receive free training, and this applies to all castes within the Vishwakarma community.
Additionally, the government will provide ₹ 300,000 loan to qualified applicants who wish to launch their firm at a lower 5% interest rate. There will be two steps to the transfer of this approved amount to the beneficiary’s bank account. A loan of ₹ 100,000 will be granted in the first phase, and a loan of ₹ 200,000 will be granted in the second phase.
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Overview of Pradhan Mantri Vishwakarma Scheme 2024
| Name of Scheme | Pradhan Mantri Vishwakarma Yojana |
| Launched Date | 17th September, 2023 |
| Control By | Central Indian Government |
| Country | India |
| The country’s craftsmen and artisans | Country’s craftsmen and artisans |
| Advantages | Free skill training & Loans |
| Budget | Provision of Rs 13000 crore |
| Mode of Application | Offline Online |
| Official Site | https://pmvishwakarma.gov.in/ |
PM Vishwakarma Yojana Objective
Vishwakarma The Ministry of Micro, Small and Medium Enterprises (MSME) has launched the PM Vishwakarma Program to improve the skills of community members. Through this initiative, these workers will receive the financial support and vocational training they need to become expert artisans.
This focused skill development initiative is expected to help artisans and craftsmen from the Vishwakarma community throughout India, possibly allowing them to grow their businesses.
Key Advantages and Characteristics of the Vishwakarma Yojana
The PM Vishwakarma Yojana is open to Vishwakarma community workers who need government financial assistance. The benefits that this scheme offers are listed below.
- Financial Help: The scheme provides financial assistance to members of the Vishwakarma community belonging to all castes. This assistance seeks to increase their production and employment prospects, with the help of new equipment, supplies and other necessary goods to improve their artisan company.
- Skill Improvement: The Indian government is dedicated to putting together skill-building initiatives specifically for the Vishwakarma group. These courses are meant to sharpen their professional abilities, which will raise the quality and effectiveness of their output.
- Credit Support: Vishwakarma Yojana makes loans up to Rs 3 lakh more accessible. At a comparatively low interest rate of 5%, beneficiaries can first avail Rs 1 lakh and then Rs 2 lakh, thereby increasing their productivity and business expansion.
- Financial Security: This program is essential to the Vishwakarma community’s empowerment and opens doors for corporate growth. Beneficiaries can anticipate higher incomes as a result of improved growth prospects, which will strengthen their financial security.
Understand the PM Vishwakarma Yojana Eligibility
Check the below-mentioned points to know the eligibility criteria for the PM Vishwakarma community.
- People who belong to any of the 140 clans of the Vishwakarma community are eligible to apply for this program.
- If any person from the family is a government servant or the applicant himself is a government servant, he is not eligible to avail the benefits of this scheme.
- The beneficiary’s minimum age should be 18 years.
- Only one person from the family can apply to avail the benefits of the scheme. The family will include the father, wife and their unmarried children.
- The applicant must not be already availing the benefit of any similar scheme run by the Government.
- The applicant needs to hold an official caste certificate in addition to being an Indian citizen.
- Applicants must be craft or artisanship, and he/ she has to submit the relevant documents for this.
List of Documents Needed to Join the Vishwakarma Program
To enrol with the Pradhan Mantri Vishwakarma Yojana, applicants must provide some important papers to the department which are as follows:
- Adhar Card
- PAN Card
- Caste Certificate
- Residency proof
- Bank Account Detail
- Recent Passport-size photo
- Contact Number
Registering for the PM Vishwakarma Yojana Online Application for 2024
You can complete the PM Vishwakarma Yojana 2024 registration form if you meet the program’s requirements by following the below-listed instructions.
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- Go to the main site @pmvishwakarma.gov.in.
- Click on the ‘Registration’ tab located on the homepage and click on it.
- After that provide you details and submit.
- After this, you may need to provide certain documents for the registration process, such as your Adhar card, bank account number, passbook, proof of residence, skill certificate, and others.
- As soon as the registration procedure is over, you can make a note of your registration number and other relevant details.
- Next, you need to wait for the beneficiary list, which contains the qualified candidates’ names.
Learn to apply for Loan of 1 lakh under PM Vishwakarma Yojana
You must take the necessary actions listed below to enrol in the PM Vishwakarma Scheme.
| Home Page | https://www.janabhaaratii.org.in/ |
- First, navigate to the official portal @pmvishwakarma.gov.in.
- On the home page, locate and select the PM Vishwakarma Scheme link.
- To complete the verification procedure, enter your mobile number and Adhar number.
- Click the register button to open the application form on your screen and proceed.
- Fill out the application form with your personal information and the additional details required.
- Upload the required scanned documents on the platform.
- Before continuing, make sure you have reviewed your application thoroughly.
- Once it’s done, click the submit button to download an acknowledgement receipt.
