PM Vishwakarma Yojana in Mangaluru

Team Udayavani, Sep 17, 2023, 6:47 PM IST

Mangaluru: The PM Vishwakarma Yojana of the central government was locally launched by Minister of Fisheries, Animal Husbandry, and Dairying Parshottam K Rupala at an event held at the T.M.A. Pai International Convention Center on Sunday, September 17.

Karnataka Fisheries Ports and Inland Water Transport Minister Mankala S. Vaidya, MLAs Dr. Bharat Shetty Y, D Vedavyas Kamath, Legislative Council Member Kota Srinivas Poojary, Mangaluru Mayor Sudheer Shetty, Director of Fisheries Department Dinesh Kumar Kaller, CEO of National Fisheries Development Board (Hyderabad) L. Narasimha Murthy, and D.K. Deputy Commissioner Collector Mullai Muhilan among others were present.

The Cabinet Committee on Economic Affairs chaired by the prime minister had last month approved the new Central Sector Scheme ‘PM Vishwakarma’ with a financial outlay of Rs 13,000 crore for a period of five years (FY 2023-24 to FY 2027-28).

Under PM Vishwakarma scheme, artisans and craftspeople will be provided recognition through PM Vishwakarma certificate and ID card, credit support up to Rs 1 lakh (first tranche) and Rs 2 lakh (second tranche) with a concessional interest rate of 5 per cent.

The goal of the Vishwakarma scheme is to enhance the accessibility and quality of products and services offered by traditional artisans and craftsmen.

The scheme offers collateral-free enterprise development loans of Rs 1 lakh (first tranche for 18 months repayment) and Rs 2 lakh (second tranche for 30 months repayment).

A concessional rate of interest of 5 per cent will be charged from the beneficiary with interest subvention cap of 8 per cent to be paid by the Ministry of Micro Small and Medium Enterprises. The credit guarantee fees will be borne by the central government.

Artisans or craftsmen working with hands and tools and engaged in one of the 18 family-based traditional trades are eligible to avail the benefits of the scheme.

These trades include carpenter; boat maker; armourer; blacksmith; hammer and toolkit maker; locksmith; goldsmith; potter; sculptor (moortikar, stone carver), stone breaker; cobbler; mason; basket/mat/broom maker/coir weaver; doll and toy maker (traditional); barber; garland maker; washermen; tailor; and fishing net maker.

(With PTI inputs)