PM Vishwakarma Roll-out Begins in West Bengal

1
The PM Vishwakarma scheme, covering 18 traditional trades, is now being implemented in West Bengal.
2
Over 5.82 crore loans amounting to Rs. 3.55 lakh crore have been disbursed in West Bengal under the Pradhan Mantri Mudra Yojana (PMMY) since its inception.
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Special incentives are in place for women entrepreneurs, including a higher margin money subsidy under PMEGP and enhanced guarantee coverage under CGTMSE.

●PM Vishwakarma Scheme: Launched on 17.09.2023 to support artisans in 18 traditional trades.
●Public Procurement Policy: Mandates central ministries/CPSEs to procure at least 3% annually from women-owned MSEs.
●CGTMSE for Women: Enhanced credit guarantee coverage of up to 90% (vs 75% for others).
●PMEGP for Women: Categorized as a Special Category, eligible for up to 35% Margin Money Subsidy (vs 25% for General).
●MSME Innovative Scheme: 23 Host Institutes (HI) in West Bengal provide financial incubation support up to Rs. 15 lakh.

PM Vishwakarma

To support traditional artisans and craftspeople.

Key: Provides PM Vishwakarma certificate, basic and advanced training, toolkit incentive of ₹15,000, and collateral-free credit support up to ₹3 lakh.

Ministry of Micro, Small and Medium Enterprises (MSME)

The nodal ministry for the PM Vishwakarma scheme.

Exam Relevance

upsc

GS Paper 2 > Welfare Schemes for Vulnerable Sections

Expected Questions

★What is the mandated annual procurement percentage from women-owned MSEs by Central Ministries?

Key Terms

Yashasvini Campaign

An MSME Ministry initiative providing awareness, mentorship, and capacity building for existing and aspiring women entrepreneurs.

priority_highMust Remember

•PM Vishwakarma specifically targets 18 traditional trades with collateral-free credit and toolkit incentives.
•Women entrepreneurs enjoy a 3% procurement mandate and up to 90% CGTMSE coverage.

tips_and_updatesExam Tips

•Questions on schemes often twist the beneficiary benefits; remember the specific percentages like the 3% procurement and 35% margin money subsidy.

Question 1 of 3Score: 0/0

Factual

Under the Public Procurement Policy for Micro and Small Enterprises (MSEs), what is the minimum percentage of annual procurement that Central Ministries and CPSEs must source from women-owned MSEs?

Current Affairs Pulse

PM Vishwakarma Roll-out Begins in West Bengal

Key Points

Quick Facts

Schemes & Policies

PM Vishwakarma

Important Bodies

Ministry of Micro, Small and Medium Enterprises (MSME)

Exam Spotlight

Exam Relevance

Expected Questions

Key Terms

priority_highMust Remember

tips_and_updatesExam Tips

Practice Quiz

Under the Public Procurement Policy for Micro and Small Enterprises (MSEs), what is the minimum percentage of annual procurement that Central Ministries and CPSEs must source from women-owned MSEs?

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