In a groundbreaking move, Prime Minister Narendra Modi unveiled the “PM Vishwakarma” scheme, aimed at empowering artisans and craftspeople across the nation. With a focus on providing financial support and specialized training, this initiative is set to be a game-changer for the creative minds behind India’s rich artistry.
Addressing the audience at the launch event on September 17, Prime Minister Modi expressed the urgency of recognizing and supporting Vishwakarma partners. He emphasized that the government is committed to the development of these artisans, who contribute significantly to various sectors.
Under the “PM Vishwakarma” scheme, artisans and craftspeople from 18 different sectors will receive special training, and ₹500 will be provided to them while they undergo this essential skill enhancement. Additionally, participants will also receive a Toolkit voucher worth ₹1,500. The government will further assist in branding, packaging, and marketing their products, with the condition that Toolkits should be purchased only from GST-registered shops.
Vishwakarma scheme
Prime Minister Modi highlighted that the government will offer loans of up to ₹3 lakhs without requiring any bank guarantees, ensuring that the interest rates remain exceptionally low. He stated, “The government will initially provide a ₹1 lakh loan, and upon repayment, an additional ₹2 lakhs loan will be extended to Vishwakarma partners.”
Furthermore, the Prime Minister touched upon the growing trend of conference tourism, a global industry valued at over ₹25 lakh crores. While other countries host more than 32,000 major exhibitions and expos annually, India’s participation in this sector remains at a mere 1%. Prime Minister Modi affirmed that India is gearing up to become a prominent player in conference tourism.
He elaborated, “Just as adventure, medical, spiritual, and heritage tourism thrives in suitable environments, conference tourism requires top-notch facilities for events and meetings.” In this context, he announced the Bharat Mandapam and YashoBhoomi projects, which are set to transform Delhi into a major hub for conference tourism.
“PM Vishwakarma” scheme and the impact it’s poised to have on India’s artisans and craftsmen, as well as the government’s ambitious goals in the realm of conference tourism.
Empowering Artisans and Craftsmen:
The “PM Vishwakarma” scheme represents a significant step towards recognizing and uplifting the often underappreciated artisans and craftspeople of India. These individuals, whose skills have been passed down through generations, play a vital role in preserving the country’s rich cultural heritage. With the scheme’s emphasis on specialized training, artisans will gain access to the latest techniques and technologies, further enhancing their craftsmanship. This training component aims to equip them with the necessary skills to stay competitive in today’s ever-evolving market.
Financial Support:
Financial constraints have long hindered the growth and expansion of many artisans and craftsmen. Prime Minister Modi’s announcement that the government will provide loans of up to ₹3 lakhs without the need for bank guarantees is a game-changer. The availability of such loans at low-interest rates will not only help these artists scale up their businesses but also alleviate the burden of high-interest debts that often plague small entrepreneurs.
Toolkit and Marketing Assistance:
The inclusion of Toolkit vouchers worth ₹1,500 is a thoughtful addition to the scheme. These vouchers will allow artisans to acquire necessary tools and equipment, reducing their initial investment costs. Moreover, the government’s support in branding, packaging, and marketing their products will enable these artisans to reach wider audiences and tap into new markets, both domestically and internationally. This move aligns with the government’s vision of promoting ‘Make in India’ and ‘Vocal for Local.’
Conference Tourism Revolution:
Prime Minister Modi’s focus on conference tourism is equally significant. This burgeoning industry holds immense potential for India, given its diverse culture, rich history, and modern infrastructure. India’s participation rate, currently at just 1%, is poised for rapid growth. With events like conferences, exhibitions, and expos attracting visitors who typically spend more than regular tourists, India stands to benefit significantly.
The plans for Bharat Mandapam and YashoBhoomi are particularly promising. These facilities will not only enhance India’s capacity to host international conferences but also elevate the country’s reputation as a destination for business and academic events.
As the infrastructure develops, India is likely to see an increase in inbound tourism related to conferences, benefiting the economy and creating employment opportunities. In conclusion, the “PM Vishwakarma” scheme and the government’s commitment to bolstering conference tourism reflect a comprehensive approach towards economic growth and cultural preservation. By supporting artisans and positioning India as a global conference destination, the government is laying the foundation for a more prosperous and culturally vibrant India. This initiative has the potential to transform the lives of countless artisans and bring about a new era of economic and cultural prosperity for the country.
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