Definition
PM Vishwakarma Scheme
PM Vishwakarma is a scheme supporting traditional artisans and craftspeople with skill training, modern tools, collateral-free credit and market linkage.
PM Vishwakarma targets traditional artisans and craftspeople across recognised trades — such as carpenters, blacksmiths, potters and weavers — offering skill upgradation, a toolkit incentive, collateral-free credit at concessional terms, and help with digital transactions and market access.
The scheme aims to integrate informal craftspeople into formal value chains and improve their incomes while preserving traditional skills. It complements credit-focused programmes like PM Mudra Yojana by adding training and market linkage for a specific occupational group.
Related terms
- Direct Benefit Transfer (DBT)Direct Benefit Transfer is the routing of government subsidies and welfare payments straight into beneficiaries' bank accounts to cut leakage and middlemen.
- Pradhan Mantri Mudra YojanaPM Mudra Yojana provides collateral-free loans to small and micro non-corporate businesses through banks and other lenders to support self-employment.
- Credit Guarantee Fund (CGTMSE)CGTMSE is the credit guarantee scheme that lets banks lend to micro and small enterprises without collateral by guaranteeing a portion of the loan.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.