collateral-free loans

PM VISHWAKARMA YOJANA: BOOST FOR TRADITIONAL ARTISANS

The PM Vishwakarma Yojana is an ambitious ₹13,000 crore central government scheme to economically empower traditional artisans across eighteen distinct trades. It provides comprehensive skill training, a ₹15,000 toolkit incentive, and collateral-free credit up to ₹3 lakh at 5% interest.

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PM VISHWAKARMA SCHEME: FEATURES, ELIGIBILITY, SIGNIFICANCE, CHALLENGES, WAY FORWARD

PM Vishwakarma Scheme is a Central Sector Scheme launched in 2023 to provide end-to-end support to traditional artisans in 18 trades. It offers formal recognition, skill upgradation stipends, ₹15,000 toolkit incentives, and collateral-free loans up to ₹3 lakh at 5% interest. 

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