The PM Vishwakarma Scheme is a flagship initiative of the Government of India, launched by the Ministry of Micro, Small and Medium Enterprises (MSME) to provide end-to-end support to traditional artisans and craftspeople. The scheme aims to enhance skills, improve productivity, promote self-employment, and strengthen the livelihoods of skilled workers by providing training, modern toolkits, easy credit, digital incentives, and market linkages. It is being implemented as a Central Sector Scheme up to 2027–28.
Benefits for ITI Students
- Opportunity to upgrade technical and entrepreneurial skills.
- Skill enhancement through recognized training programmes.
- Support for self-employment and micro-enterprise development.
- Modern toolkit incentive (for eligible beneficiaries).
- Collateral-free business loans up to ₹3 lakh at a concessional interest rate of 5% (subject to eligibility and scheme guidelines).
- Digital transaction incentives.
- Assistance in branding, marketing, and e-commerce linkage.
- Recognition through PM Vishwakarma Certificate and ID Card.
- Better employment and entrepreneurship opportunities after ITI.