PM Vishwakarma Yojana — Support for Traditional Artisans and Craftspeople
PM Vishwakarma Yojana provides end-to-end support to artisans and craftspeople, including collateral-free credit, skill training, and a toolkit incentive.
Ministry: Ministry of Micro, Small and Medium Enterprises
Quick Summary
PM Vishwakarma at a Glance: Covers 18 traditional trades. Offers PM Vishwakarma Certificate & ID card, skill upgrading with ₹500/day stipend, toolkit incentive of ₹15,000, and collateral-free enterprise development loans up to ₹3 lakh at a concessional interest rate of 5%.
Launched on Vishwakarma Jayanti (September 17, 2023), the PM Vishwakarma Yojana is a central sector scheme designed to uplift traditional artisans and craftspeople across India. It aims to integrate them into the domestic and global value chains.
Covered Trades#
The scheme covers artisans and craftspeople engaged in 18 traditional trades:
- Carpenter (Suthar)
- Boat Maker
- Armourer
- Blacksmith (Lohar)
- Hammer and Tool Kit Maker
- Locksmith
- Goldsmith (Sonar)
- Potter (Kumhaar)
- Sculptor (Moortikar, stone carver), Stone breaker
- Cobbler (Charmkar)/Shoesmith/Footwear artisan
- Mason (Rajmistri)
- Basket/Mat/Broom Maker/Coir Weaver
- Doll & Toy Maker (Traditional)
- Barber (Naai)
- Garland maker (Malakaar)
- Washerman (Dhobi)
- Tailor (Darzi)
- Fishing Net Maker
Key Benefits#
- Recognition: PM Vishwakarma Certificate and ID card.
- Skill Upgradation: Basic training of 5-7 days and Advanced training of 15+ days, with a stipend of ₹500 per day.
- Toolkit Incentive: E-voucher or Direct Benefit Transfer of up to ₹15,000 to purchase modern tools.
- Credit Support: Collateral-free enterprise development loans—up to ₹1 lakh (first tranche, 18 months repayment) and ₹2 lakh (second tranche, 30 months repayment) at a concessional interest rate of 5%.
- Incentive for Digital Transactions: ₹1 per transaction for up to 100 transactions monthly.
- Marketing Support: Quality certification, branding, onboarding on e-commerce platforms, and marketing assistance.
Only one member per family is eligible to avail the benefits of the PM Vishwakarma Scheme.
Who is Eligible?#
- An artisan or craftsperson working with hands and tools in one of the 18 family-based traditional trades.
- Minimum age should be 18 years on the date of registration.
- Should be engaged in the concerned trade on the date of registration.
- Should not have availed loans under similar credit-based schemes like PMEGP, PM SVANidhi, or MUDRA in the past 5 years.
Documents Required#
- Aadhaar Card
- Mobile Number (linked to Aadhaar)
- Bank Details
- Ration Card (for family verification)
How to Apply#
- The registration is completely online and free of charge.
- Artisans can visit their nearest Common Service Centre (CSC) to register on the PM Vishwakarma Portal.
- It involves a three-step verification process:
- Verification at the Gram Panchayat/ULB level
- Vetting by the District Implementation Committee
- Approval by the Screening Committee
Frequently Asked Questions#
1. Is a guarantor required for the loan? No, the loans under PM Vishwakarma are strictly collateral-free, and the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides the guarantee.
2. Can an existing loan defaulter apply? If you have defaulted on bank loans, you may not be eligible for the credit support component of the scheme.