PM Vishwakarma
₹15,000 toolkit incentive + skill training + loan up to ₹3 lakh · traditional artisans
Traditional artisans and craftspeople in 18 recognized trades — blacksmiths, weavers, potters, cobblers, carpenters, and more — can get official recognition, skill training, modern tools, and collateral-free loans up to ₹3 lakh at a subsidized 5% interest rate under PM Vishwakarma. The scheme also offers a ₹15,000 toolkit grant and ₹500/day training stipend. Register at your nearest Common Service Centre (CSC) using your Aadhaar.
About This Scheme
Traditional artisans and craftspeople in 18 recognized trades — blacksmiths, weavers, potters, cobblers, carpenters, and more — can get official recognition, skill training, modern tools, and collateral-free loans up to ₹3 lakh at a subsidized 5% interest rate under PM Vishwakarma. The scheme also offers a ₹15,000 toolkit grant and ₹500/day training stipend. Register at your nearest Common Service Centre (CSC) using your Aadhaar.
Full official description
PM Vishwakarma is a Central Sector Scheme launched by Ministry of Micro, Small and Medium Enterprises to provide holistic and end-to-end support to artisans and craftspeople through access to collateral free credit, skill training, modern tools, incentive for digital transactions and market linkage support. The scheme will initially be implemented for five years up to 2027-28.
Objectives
To enable the recognition of artisans and craftspeople as Vishwakarma making them eligible to avail all the benefits under the Scheme.
To provide skill upgradation to hone their skills and make relevant and suitable training opportunities available to them.
To provide support for better and modern tools to enhance their capability, productivity, and quality of products.
To provide the intended beneficiaries easy access to collateral-free credit and reduce the cost of credit by providing interest subvention.
To provide incentives for digital transactions to encourage the digital empowerment of these Vishwakarmas.
To provide a platform for brand promotion and market linkages to help them access new opportunities for growth.
Implementing Agency
- The scheme is conjointly implemented by the following Ministries/Departments:
- Ministry of Micro, Small and Medium Enterprises (MoMSME).
- Ministry of Skill Development and Entrepreneurship (MSDE).
- Department of Financial Services (DFS), Ministry of Finance (MoF).
Benefits
- ₹15,000 toolkit grant (one-time, for upgrading work tools)
- ₹500/day training stipend during basic (5–7 days) or advanced training (15 days)
- Collateral-free loan: ₹1,00,000 first tranche (18-month repayment)
- Collateral-free loan: ₹2,00,000 second tranche (30-month repayment)
- Subsidized interest: only 5% charged to beneficiary (government pays up to 8% subvention)
- Digital transaction incentive: ₹1 per transaction, up to 100 transactions/month
- Market support: e-commerce linkage, quality certification, trade fair opportunities
💡 Why Startups Should Care
If you're a traditional artisan — carpenter, potter, blacksmith, tailor — this scheme bundles recognition, modern skill training with a daily stipend, tools money, and access to affordable credit into one package, helping you formalize and scale a craft-based livelihood.
Who Can Apply (Eligibility)
- Must be an artisan or craftsperson working with hands and tools in one of 18 recognized traditional trades
- Must be self-employed in the unorganized sector
- Minimum age of 18 years at time of registration
- Must not have taken similar central government credit schemes (PMEGP, PM SVANidhi, Mudra) in the past 5 years
- Only one member per family can register under this scheme
- Must not be in government service (family members are also excluded)
Exclusions
- Persons in government service and their family members are not eligible
How to Apply
- Get enrolled through your nearest Common Service Centre (CSC).
- Provide Aadhaar, mobile number, bank details, and ration card for registration.
- Complete skill verification and basic training (5-7 days) — advanced training (15 days) is optional.
- Receive your Vishwakarma Certificate and ID Card.
- Access the toolkit incentive and apply for collateral-free loans through your bank.
Frequently Asked Questions
What is Pradhan Mantri Vishwakarma Scheme?
PM Vishwakarma is a Central Sector Scheme launched by Ministry of Micro, Small and Medium Enterprises to provide holistic and end-to-end support to artisans and craftspeople through access to collateral free credit, skill training, modern tools, incentive for digital transactions and market linkage support.
Which category of trades are covered in the scheme?
Carpenter (Suthar), Boat Maker, Armourer, Blacksmith (Lohar), Hammer and Tool Kit Maker, Locksmith, Goldsmith (Sunar), Potter (Kumhaar), Sculptor (Moortikar)/ stone carver / Stone breaker, Cobbler (Charmkar)/ Shoesmith/ Footwear artisan, Mason (Raajmistri), Basket Maker/ Basket Waver: Mat maker/ Coir Weaver/ Broom maker, Doll & Toy Maker (Traditional), Barber (Naai), Garland Maker (Malakaar), Washerman (Dhobi), Tailor (Darzi) and Fishing Net Maker.
What are the key components of PM Vishwakarma?
The key components of PM Vishwakarma Scheme are:
- Recognition: PM Vishwakarma Certificate and ID Card
- Skill Upgradation
- Toolkit Incentive
- Credit Support
- Incentive for Digital Transactions
- Marketing Support
What are the eligibility criteria of the Scheme?
- An artisan or crafts person working with hands and tools and engaged in one of the above family-based traditional trades, in unorganized sector on self-employment basis, shall be eligible for registration under PM Vishwakarma.
- The minimum age of the beneficiary should be 18 years on the date of registration.
- The beneficiary should be engaged in the trade concerned on the date of registration and should not have availed loans under similar credit-based schemes of Central Government or State Government for self-employment/ business development, e.g. PMEGP, PM SVANidhi, Mudra, in the past 5 years.
- The registration and benefits under the Scheme shall be restricted to one member of the family. For availing benefits under the Scheme, a 'family' is defined as consisting of the husband, wife and unmarried children.
- A person in government service and their family members shall not be eligible under the Scheme.
How to avail benefits under the Scheme ?
Any individual willing to avail the benefits of the Scheme, may register on the portal www.pmvishwakarma.gov.in.
Which documents are required to be provided during registration on PM Vishwakarma portal?
Aadhaar, Mobile number, Bank details, Ration card mandatory for the registration.
Which lending institutions can provide credit under the Scheme?
Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, Cooperative Banks, Non-Banking Finance Companies and Micro Finance Institutions are eligible to lend under this Scheme.
What is the amount of initial loan under the scheme?
The initial collateral free 'Enterprise Development Loan' is up to Rs 1,00,000 for a tenure of 18 months.
When will an applicant become eligible for the second tranche of a loan under the PM Vishwakarma scheme if they have already utilized the first tranche of the loan?
The second Loan Tranche of upto Rs. 2,00,000/- will be available to skilled beneficiaries who maintain a standard loan account and have adopted digital transactions in their business or have undergone Advanced Skill Training.
Do applicant need to give any collateral to avail loan facility under this scheme?
No collateral security is required.
What is the rate and amount of interest subvention in the scheme?
Concessional rate of interest chargeable from beneficiaries for loans will be fixed at 5%. The interest subvention by the Government of India will be to an extent of 8% and provided upfront to the banks.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar card
- Mobile number
- Bank account details
- Ration card (or alternate Aadhaar-linked proof if unavailable)