PM VIKAS - GOVERNMENT SCHEME

News: Budget 2023 | Finance Minister announces PM-VIKAS package for artisans and craftspeople 

 

What's in the news?

       Union Finance Minister Nirmala Sitharaman announced a package of assistance for artisans and craftspeople while presenting the Union Budget 2023-24 in Parliament.

 

PM-VIKAS Scheme:

       The newly-conceptualized Pradhan Mantri Vishwakarma Kaushal Samman (PM-VIKAS) scheme will enable the country’s artisans to improve the quality, scale, and reach of their products, integrating them with the Micro, Small and Medium-scale Enterprises (MSME) value chain.

 

Vishwakarma:

       For centuries, traditional artisans and craftspeople who worked with their hands using tools have brought renown to India and are generally referred to as ‘Vishwakarma’.

       Invoking the vision of Atmanirbhar Bharat, the art and handicrafts created by the Vishwakarma represent the true spirit of a self-reliant India.

 

Aim:

       The PM VIKAS aims to unlock the potential of thousands of artists and craftspeople around the nation, through the provision of skills training, technology, and the opening of credit lines to them.

       The "Vishwakarma" will contribute to India's growth story and grow into a significant part of the country's growth as they seize the prospects for progress.

 

Objectives:

The scheme will achieve its objective:

       by increasing the caliber of the artisans.

       by increasing the reach of their goods.

 

Ministry: Ministry of MSME.

 

Components:

The Minister highlighted some of the key components of the new scheme. These include:

       Financial support

       Access to advanced skill training

       Knowledge of modern digital techniques and efficient green technologies

       Brand promotion

       Linkage with local and global markets

       Digital payments

       Social security.

 

Social inclusion:

       Ms. Sitharman said that the PM-VIKAS scheme would greatly benefit women and people belonging to the weaker sections of society, including Scheduled Castes, Scheduled Tribes, and Other Backward Castes.