PM Vishwakarma Scheme: ₹3 Lakh Loan, Low Interest, and More..

Are you an artist or craftsperson seeking financial support and opportunities for growth? Look no further! Prime Minister Narendra Modi has unveiled the ‘PM Vishwakarma’ scheme, a game-changer for individuals in the creative industry. With a focus on promoting and empowering Vishwakarma partners in 18 different sectors, this scheme comes with a substantial ₹13,000 crores allocation from the Union government.

Key Highlights of the PM Vishwakarma Scheme:

  1. Financial Support: Under this groundbreaking initiative, eligible Vishwakarma partners can access loans of up to ₹3 lakhs without the need for any bank guarantees. What’s more, the interest rates on these loans are exceptionally low, making it easier than ever to kickstart or expand your artistic endeavors.
  2. Training and Toolkit: The government is committed to enhancing the skills and capabilities of Vishwakarma partners. As part of the scheme, special training programs will be offered, with a grant of ₹500 during the training period. Additionally, beneficiaries will receive Toolkit vouchers worth ₹1,500, facilitating their craftwork.
  3. Branding and Marketing Support: The PM Vishwakarma scheme goes beyond financial assistance. The government is dedicated to helping artisans with branding, packaging, and marketing their products. This support ensures that your creations reach a wider audience and gain the recognition they deserve.
  4. Promoting GST-Registered Shops: To further strengthen the economic ecosystem, the government encourages beneficiaries to purchase Toolkits from shops that are GST-registered, fostering compliance and transparency.

Prime Minister Modi emphasized the significance of this initiative during the launch, calling it a beacon of hope for artists and craftspersons. He highlighted the potential for growth in the conference tourism industry, showcasing India’s readiness to tap into this vast market. The government aims to boost India’s participation in global conference tourism, ensuring a promising future for all stakeholders.

As India gears up for conference tourism, facilities like Bharat Mandapam and YashoBhoomi will position Delhi as a premier hub for hosting events and meetings, further enhancing the country’s appeal to tourists and business travelers alike.

The ‘PM Vishwakarma scheme is a testament to the government’s commitment to nurturing and promoting the talents of artists and craftspeople. With access to financial support, training, and marketing assistance, this scheme paves the way for a brighter future for creative individuals across the nation. Don’t miss this opportunity to bring your artistic dreams to life with the PM Vishwakarma scheme!