In shortPM Vishwakarma is a central scheme for registered artisans in 18 traditional trades. Benefits include a certificate and ID card, Rs 500 daily stipend during skill training, Rs 15,000 e-voucher for modern tools, collateral-free loans of Rs 1 lakh at 5% interest (18-month repayment) plus Rs 2 lakh more (30-month repayment), and Re 1 per digital transaction up to 100 per month.
Key facts
- Nodal ministry
- Ministry of Micro, Small and Medium Enterprises, implemented jointly with the Ministry of Skill Development and Entrepreneurship and the Department of Financial Services
- Level
- Central
- Launched
- 2023
- Last date
- Open all year
- Helpline
- 18002677777
PM Vishwakarma is for people who make things with their hands. Carpenters, blacksmiths, potters, cobblers, tailors, barbers, masons, goldsmiths, basket weavers, boat makers and toy makers are among the 18 traditional trades it covers.
Once you register and are verified, you get a certificate and ID card that formally recognises you as a Vishwakarma. You then attend basic skill training and are paid Rs 500 for every day of it. After training you receive an e-voucher worth Rs 15,000 to buy proper modern tools, which for many artisans is the single biggest jump in output they will ever make.
Credit follows. You can borrow Rs 1 lakh without collateral at just 5 percent interest, repay it over 18 months, and then borrow Rs 2 lakh more. The government also pays you Re 1 for each digital payment you accept, up to 100 a month.
What you get
A registered artisan receives a PM Vishwakarma certificate and ID card, skill training with a stipend of Rs 500 per day, an e-voucher of Rs 15,000 to buy a modern toolkit, and collateral free enterprise development loans of Rs 1 lakh in the first tranche repayable in 18 months followed by Rs 2 lakh in the second tranche repayable in 30 months, all at a concessional 5 percent interest with the government paying an 8 percent subvention. There is also an incentive of Re 1 per digital transaction for up to 100 transactions a month.
Who is eligible
- The applicant must be an artisan or craftsperson working with hands and tools in one of the 18 notified family based traditional trades
- Minimum age is 18 years on the date of registration
- The applicant must be engaged in the trade on the date of registration and must be self employed in the unorganised sector
- No loan may have been taken under similar central or state credit schemes such as PMEGP, PM SVANidhi or Mudra in the past five years
- Only one member of a family may take the benefit, family meaning husband, wife and unmarried children
- Persons in government service and their family members are not eligible
Documents you need
- Aadhaar card for biometric authentication
- Mobile number linked to Aadhaar
- Bank account details, or an account is opened during registration
- Ration card, or Aadhaar of all family members if no ration card
- Caste certificate where the state requires it
How to apply
- Visit a Common Service Centre with your Aadhaar and mobile number, since registration is done through CSC with Aadhaar biometric authentication
- Complete the online registration form on pmvishwakarma.gov.in giving your trade, family and bank details
- Your application passes three stages of verification, first by the Gram Panchayat or Urban Local Body, then the District Implementation Committee, then the Screening Committee
- On approval, collect the PM Vishwakarma certificate and ID card and join the basic skill training to receive the Rs 500 daily stipend
- Redeem the Rs 15,000 toolkit e-voucher and apply through the portal to a partner bank for the first credit tranche
Frequently asked questions
Who is eligible for PM Vishwakarma?
Artisans aged 18 or above working in one of 18 notified traditional trades, self-employed in the unorganised sector, and not having taken loans under PMEGP, PM SVANidhi or Mudra in the past five years. Only one family member can apply.
How much money will I get under PM Vishwakarma?
Rs 500 per day during skill training, Rs 15,000 e-voucher for a toolkit, Rs 1 lakh collateral-free loan at 5% interest, then Rs 2 lakh more, plus Re 1 per digital transaction up to 100 transactions monthly.
What documents do I need to register for PM Vishwakarma?
Aadhaar card for biometric authentication, mobile number linked to Aadhaar, bank account details or opening during registration, ration card or Aadhaar of family members, and caste certificate if required by your state.
How do I register for PM Vishwakarma?
Visit a Common Service Centre with your Aadhaar and mobile number. Complete online registration at pmvishwakarma.gov.in with your trade and family details. Your application undergoes verification by Gram Panchayat, District Committee, and Screening Committee before approval.
What is the interest rate on PM Vishwakarma loans?
The interest rate is 5 percent. The government pays an additional 8 percent subvention on the loan, bringing your effective cost down further.
How long do I have to repay PM Vishwakarma loans?
The first tranche of Rs 1 lakh is repayable in 18 months. The second tranche of Rs 2 lakh is repayable in 30 months.
Before you apply: confirm every date, fee and eligibility rule on the official website linked on this page. Public and Policy is an independent portal, not a government body, and details change without notice.
