New Delhi– In a groundbreaking development, Finance Minister Nirmala Sitharaman unveiled an intricate three-layer authentication mechanism for the beneficiaries of the ambitious Vishwakarma scheme. The scheme, boasting a substantial outlay of ₹13,000 crore until FY28, is designed to acknowledge and empower traditional artisans and craftspeople across India.
Under this meticulously crafted process, local craftsmen and artisans eligible for credit support of up to ₹3 lakh in two phases will undergo scrutiny at three distinct levels. The Gram Panchayats, District Collectors, and State-appointed committees will each play a pivotal role in verifying the authenticity of beneficiaries. This multi-tier verification process aims to ensure that the support reaches the intended recipients, eliminating any potential misallocation of resources.
Additionally, the Ministry of Micro, Small and Medium Enterprises (MSME) has pledged to organize skilling camps and provide essential toolkits, facilitating the entry of local products into both domestic and international markets. Collateral-free loans will be extended to the scheme’s beneficiaries, further bolstering their entrepreneurial endeavors.
The beneficiaries of the Vishwakarma scheme will also receive coveted Vishwakarma certificates, ID cards, and collateral-free loans, in addition to essential training and market access. The concessional interest rate of 5% on the credit support – ₹1 lakh in the first tranche and ₹2 lakh in the second tranche – promises to ease the financial burden on these traditional artisans.
During the five-day skilling camps, recipients of the scheme will receive a daily stipend of ₹500, reinforcing the government’s commitment to skill development. Furthermore, they will be equipped with a state-of-the-art toolkit featuring digital currency capabilities and access to the government’s e-marketplace, ensuring their seamless integration into the digital economy.
Finance Minister Nirmala Sitharaman emphasized, “Every one of PM’s schemes is aimed at reaching those who have never been reached by institutions that can give them some assistance so that the economy benefits from their contribution.”
The Vishwakarma scheme’s eligible beneficiaries encompass a diverse array of skilled individuals, including carpenters, boatmakers, blacksmiths, goldsmiths, potters, tailors, and many others. This initiative reflects the government’s dedication to preserving and promoting India’s rich heritage of craftsmanship.
It’s worth noting that the Vishwakarma scheme is part of a comprehensive set of programs totaling ₹1.18 trillion, approved by the Union Cabinet, signaling the government’s proactive approach to address diverse sectors and drive economic growth.
In conclusion, this three-tier verification process represents a significant stride towards the equitable distribution of resources and opportunities, empowering India’s traditional artisans and craftspeople to thrive in the modern era.
