PM Vishwakarma Yojana
07.11.2024
PM Vishwakarma Yojana
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For Prelims: About PM Vishwakarma Yojana, Aim of the scheme, Key Benefits of the scheme |
Why in the news?
More than two million applications have been successfully registered under the PM Vishwakarma scheme which was launched in 2023.
About PM Vishwakarma Yojana:
- The PM Vishwakarma Yojana was launched by the Prime Minister at the India International Convention and Expo Center in New Delhi on September 17, 2023.
- It is a central sector scheme launched by the Ministry of Micro, Small, and Medium Enterprises.
- It offers services like market linkage support, skill training, and incentives for digital transactions to artisans and craftspeople engaged in specified trades.
- The PM Vishwakarma Yojana will be jointly operated by the Ministry of MSME, Skill Development and Finance.
- This scheme was announced in the Union Budget for 2023-24.
- PM Vishwakarma Yojana is fully funded by the Central Government with an allocation of Rs 13,000 crore for the year 2023-24 to 2027-28.
- This scheme has been started especially for the traditional artisans and craftsmen from the lower level of the society.
- People engaged in 18 types of traditional work have been included under PM Vishwakarma Yojana.
- Under this scheme, financial assistance will be given to traditional artisans and craftsmen.
Aim of the scheme:
- To strengthen and nurture the Guru-Shishya parampara, or family-based practice of traditional skills by artisans and craftspeople working with their hands and tools.
- The scheme also aims at improving the quality as well as the reach of the products and services of artisans and craftspeople and to ensure that the Vishwakarmas are integrated with the domestic and global value chains.
Eligibility & coverage:
- It is available for rural and urban artisans and craftsmen across India.
- It covers 18 traditional crafts such as Boat Maker; Armourer; Blacksmith; Hammer and Tool Kit Maker; etc.
- Five lakh families will be covered in the first year and 30 lakh families over five years.
Key Benefits of the scheme:
- Enhanced Access to Tooling Facilities: Improves MSMEs' access to tooling resources, boosting their efficiency and productivity.
- Industry-Ready Manpower:Provides training programs to equip participants with skills that meet industry standards.
- Support for Process and Product Development:Facilitates development initiatives within relevant sectors to enhance competitiveness.
- Consultancy and Job Work Services:Offers tailored consultancy and job work to address the specific needs of various industries.
Source: PIB
With reference to PM Vishwakarma scheme, consider the following statements:
1. It aims to strengthen and nurture the family-based practice of traditional skills.
2. It was launched by the Union Ministry of Micro, Small, and Medium Enterprises.
3. It is available only for rural artisans and craftsmen across India.
How many of the above statements are correct?
A.Only one
B.Only two
C.All three
D.None
Answer B