Main Benefits of PM Vishwakarma Yojana
Below are the 6 main benefits of Vishwakarma Scheme Launched by PM Narendra Modi on 17th September 2023.
Recognition as Vishwakarma through Certificate and ID Card
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.