PM Vishwakarma Yojana Benefits

Main Benefits of PM Vishwakarma Yojana

Below are the 6 main benefits of Vishwakarma Scheme Launched by PM Narendra Modi on 17th September 2023.

1. Recognition
Recognition as Vishwakarma through Certificate and ID Card

2. Skilling
a. Skill Verification followed by 5-7 days (40 hours) Basic Training
b. Interested candidates can also enroll for 15 days (120 hours) Advanced Training
c. Training Stipend: Rs 500 per day

3. Toolkit Incentive: Rs 15,000 grant

4. Credit Support:
a. Collateral free Enterprise Development Loans: Rs 1 lakh (First Tranche for 18 months repayment) & Rs 2 lakh (Second Tranche for 30 months repayment)
b. Concessional Rate of Interest: 5% to be charged from the beneficiary with Interest Subvention cap of 8% to be paid by MoMSME
c. Credit Guarantee fees to be borne by GoI

5. Incentive for Digital Transaction: Re 1 per transaction for maximum upto100 transactions (monthly)

6. Marketing Support: National Committee for Marketing (NCM) will provide services such as Quality Certification, Branding & Promotion, E-commerce linkage, Trade Fairs advertising, publicity and other marketing activities.

To check the detailed benefits of PM Vishwakarma Yojana, check PM Vishwakarma Yojana PDF or visit the official portal

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