PM Vishwakarma Yojana Implementation in West Bengal with State Collaboration
UPSC / SSC current affairs note · Schemes
Why in news
The Ministry of MSME is implementing PM Vishwakarma Yojana in West Bengal in collaboration with the state government, following the formation of state and district monitoring committees on 14 May 2026. This marks the operational start of the scheme in the state, aiming to support traditional artisans and craftspeople.
Background
PM Vishwakarma Yojana was launched on 17 September 2023 to provide holistic support to artisans and craftspeople working with hands and tools in 18 traditional trades. The scheme covers trades such as carpenter, boat maker, blacksmith, metal artisan, tool maker, locksmith, goldsmith, potter, sculptor/stone carver, cobbler/shoemaker, mason, basket/mat/broom maker, traditional toy maker, barber, garland maker, washerman, tailor, and fishing net maker.
Key facts
PM Vishwakarma Yojana launched on 17 September 2023 covers 18 traditional trades.
West Bengal government issued notification on 14 May 2026 for formation of State Monitoring Committee and District Implementation Committees.
Under Pradhan Mantri Mudra Yojana (PMMY) in West Bengal, 5.82 crore loans worth ₹3.55 lakh crore disbursed from 8 April 2015 to 26 June 2026.
23 host institutions in West Bengal under MSME Innovative Scheme provide financial assistance up to ₹15 lakh per approved concept.
Women entrepreneurs get enhanced benefits: 90% guarantee coverage under CGTMSE (vs 75% for others), 10% concession in annual guarantee fee.
Under PMEGP, women beneficiaries get 35% margin money subsidy (vs 25% for general) and 5% self-contribution (vs 10% for general).
Procurement & Marketing Support (PMS) scheme provides up to 100% financial assistance to women entrepreneurs for domestic trade fairs (80% for others).
Yashaswini Abhiyan conducts awareness, mentoring, and capacity building for women entrepreneurs.
MSME Innovative Scheme's incubation component supports early-stage ideas through host institutions acting as business incubators.
Prelims pointers
- PM Vishwakarma Yojana: launched 17 Sep 2023, covers 18 traditional trades
- Pradhan Mantri Mudra Yojana (PMMY): started 8 Apr 2015
- CGTMSE: Credit Guarantee Fund Trust for Micro and Small Enterprises
- PMEGP: Prime Minister's Employment Generation Programme
- MSME Innovative Scheme: incubation component, host institutions
- Yashaswini Abhiyan: women entrepreneurship awareness
- Procurement & Marketing Support (PMS) scheme
- Public Procurement Policy for MSEs: 3% annual purchase from women-owned MSEs
- Udyam Registration Portal (UR) and Udyam Assist Platform (UAP)
- West Bengal: 23 host institutions under MSME Innovative Scheme
Mains angles
- GS2: Government policies and interventions for development of MSME sector, role of state governments in scheme implementation
- GS3: Inclusive growth, women empowerment through MSME schemes, skill development and employment generation
- GS3: Role of MSMEs in economic development, credit flow to MSMEs, Mudra Yojana performance