Pradhan Mantri Vishwakarma Kaushal Samman Yojana
Welfare scheme
From Wikipedia, the free encyclopedia
Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PMVKSY, transl. Prime Minister's Artisan Skill Honoring Scheme) [2] was launched by Ministry of Micro, Small and Medium Enterprises on 17 September 2023 to provide end-to-end support to artisans and craftspeople who work with their hands and tools.[3][4][5]
| Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PMVKSY) | |
|---|---|
| Country | India |
| Prime Minister(s) | Narendra Modi |
| Ministry | MSME |
| Launched | 17 September 2023 Coimbatore[1] |
| Status | Active |
| Website | pmvishwakarma |
Overview
It was proposed to support more than 3 million families through the scheme with a budgetary allocation of ₹130 billion (US$1.3 billion) between 2023-24 and 2027-28.[6][7] In the first year of its launch, 2.1 million applications were submitted.[8] As of 3 November 2024, a total of 25.8 million applications have been submitted, of which 2.37 million applicants have successfully registered after undergoing the required verification process.[9][10]
In February 2025, the Tamil Nadu government refused to implement the scheme marking it as ineffective.[11] Later, they proposed an inclusive artisan support scheme.[12][13]
Features
The scheme provides two training levels both with a ₹500 daily stipend. It further supports artisans with up to ₹15,000 in tool kit e-vouchers, and comprehensive marketing assistance from the National Committee for Marketing (NCM), covering all the required documentation. [14][15][16] Moreover, It offers collateral-free business development loans with an interest rate of 5%.[17][18]