Union Minister of State for Electronics, IT and Skill Development Rajeev Chandrashekar launched the Prime Minister Vishwakarma Yojana (PMVY) at Chalukya Railway Institute in Hubballi on Sunday. It coincided with the Vishwakarma jayanti celebrations.
“This is a Centrally-sponsored scheme to support artisans with funding, training and incentives for taking up and preserving handicrafts and traditional trades. The initial allocation is ₹13,000 crore. This will help not only to give a boost to rural economy but also to preserve Indian cultural heritage,” the Minister said.
As many as 18 traditional handicrafts are covered under the scheme. It will provide financial stability to those who make a living in these professions. It will provide skill training, loan assistance, incentives for digital transactions, incentives for purchase of equipment and support for marketing business,” Mr. Chandrashekar said.
