PM Vishwakarma Scheme

About the Scheme

PM Vishwakarma is a central sector scheme launched on 17 September 2023 to support traditional artisans and craftspeople (Vishwakarmas) with collateral-free loans, skill training, toolkit incentive, and market linkage support. The scheme covers 18 traditional trades including carpenter, blacksmith, goldsmith, potter, etc.

Benefits

• Collateral-free loan up to ₹1 lakh (1st tranche) and ₹2 lakh (2nd tranche) at 5% interest
• Toolkit incentive of ₹15,000
• Skill training with ₹500/day stipend
• Market linkage support
• Digital payment incentive: ₹1 per transaction (up to ₹600/month)

Eligibility Criteria

• 1Must be engaged in one of the 18 traditional trades
• 2Age 18+ years
• 3Not a beneficiary of similar government loan schemes
• 4Family income should not exceed ₹2.5 lakh/year
• 5Only one member per family eligible

Documents Required

Frequently Asked Questions