PM Vishwakarma Scheme: Loans, Skill Training & Market SupportScheme StatusScheme Status

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PM Vishwakarma is a Central Sector Scheme launched by the Ministry of Micro, Small and Medium Enterprises (MoMSME) to provide holistic and end-to-end support to artisans and craftspeople. The scheme facilitates access to collateral-free credit, skill training, modern tools, incentives for digital transactions, and market linkage support. It is designed to empower the beneficiaries by enabling them to become recognized as Vishwakarmas and avail all the benefits offered. The scheme will initially be implemented for five years, up to 2027-28.

Objectives

  • Recognition: Enable artisans and craftspeople to be recognized as Vishwakarma, making them eligible for the scheme benefits.

  • Skill Upgradation: Provide skill training and upgradation opportunities to hone their abilities.

  • Modern Tools: Supply support for better and modern tools to improve capability, productivity, and product quality.

  • Credit Support: Offer collateral-free credit with an interest subvention to reduce the cost of credit.

  • Digital Transactions: Provide incentives for digital transactions to promote digital empowerment.

  • Market Linkage: Establish a platform for brand promotion and market linkages to access new growth opportunities.

Implementing Agency

The scheme is jointly implemented by:

  • Ministry of Micro, Small and Medium Enterprises (MoMSME)

  • Ministry of Skill Development and Entrepreneurship (MSDE)

  • Department of Financial Services (DFS), Ministry of Finance (MoF)

A State Level Steering Committee comprising representatives from key ministries and departments oversees the scheme.

Benefits

  • Recognition: Issuance of a Digital ID, PM Vishwakarma Digital Certificate, and PM Vishwakarma ID Card.

  • Skilling:

    • Basic Training: 5-7 days (40 hours) of training after Skill Verification.

    • Advanced Training: Option to enroll in a 15-day (120 hours) advanced training program.

    • Training Stipend: ₹500 per day.

  • Toolkit Incentive: A grant of ₹15,000.

  • Credit Support:

    • First Tranche: Collateral-free Enterprise Development Loans up to ₹1,00,000 with an 18-month repayment period.

    • Second Tranche: Additional loans up to ₹2,00,000 with a 30-month repayment period.

    • Concessional Interest Rate: 5%, with an Interest Subvention cap of 8% paid by MoMSME.

    • Credit Guarantee Fees: Borne by the Government of India.

  • Digital Transaction Incentive: ₹1 per transaction for up to 100 transactions monthly.

  • Marketing Support: Provided by the National Committee for Marketing (NCM), which offers services such as Quality Certification, Branding, e-commerce Linkage, Trade Fair Advertising, and Publicity.

Note: Notifications regarding incentive disbursement will be sent via SMS.

Eligibility

To be eligible for the scheme, the applicant must:

  • Be an artisan or craftsperson working with hands and tools.

  • Be engaged in the unorganized sector on a self-employment basis.

  • Work in one of the 18 family-based traditional trades specified in the scheme.

  • Be at least 18 years old at the time of registration.

  • Be actively engaged in the concerned trade on the date of registration.

  • Not have availed loans under similar credit-based schemes (e.g., PMEGP, PM SVANidhi, Mudra) for self-employment/business development in the past 5 years.

  • Be the sole family member registered under the scheme (benefits are restricted to one member per family).

Exclusions

  • Applicants who are government employees or their family members are not eligible.

Application Process

Online – Via CSCs

  1. Registration:

    • Visit the Official Portal of PM Vishwakarma and click “Login” at the top right corner.

    • Select “CSC – Register Artisans” to access the registration page.

    • Answer the set of Yes/No questions and click “Continue”.

    • On the Aadhaar Verification page, enter the 6-digit OTP received on your Aadhaar-linked mobile number, then click “Continue”.

    • Enter your Aadhaar Number and the Aadhaar Registered Mobile Number, then click “Continue”.

  2. Application:

    • Visit your nearest CSC and complete the Biometric Verification Process.

    • Fill in the Online Application Form with all mandatory details and click “Submit”.

    • Note the Application Number displayed on the next screen for future reference, then click “Done”.

  3. Verification:

    • Stage 1: Eligibility verification at the Gram Panchayat or ULB level.

    • Stage 2: Vetting and recommendation by the District Implementation Committee.

    • Stage 3: Final approval by the Screening Committee after thorough verification of eligibility.

  4. Benefit Disbursal:

    • After successful verification, beneficiaries are formally registered as Vishwakarmas and receive their Digital ID, Digital Certificate, and ID Card.

Documents Required

  • Aadhaar Card

  • Mobile Number

  • Bank Details

  • Ration Card (mandatory for registration)
    Note: If a beneficiary does not have a ration card, they must provide the Aadhaar cards of all family members.

  • If a beneficiary does not have a bank account, assistance will be provided to open one through CSC hand-holding.

Frequently Asked Questions

  1. What is the Pradhan Mantri Vishwakarma Scheme?
    It is a comprehensive scheme designed to support artisans and craftspeople by providing access to collateral-free credit, skill training, modern tools, and market linkages.

  2. Which category of trades are covered in the scheme?
    The scheme covers 18 family-based traditional trades specified by the Ministry.

  3. What are the key components of PM Vishwakarma?
    The scheme includes recognition, skilling (basic and advanced training), a toolkit incentive, credit support with collateral-free loans, interest subvention, digital transaction incentives, and marketing support.

  4. What are the eligibility criteria of the scheme?
    Applicants must be artisans or craftspeople engaged in the unorganized sector on a self-employment basis, be at least 18 years old, and be involved in one of the specified trades. They must not have availed similar credit schemes in the past 5 years and registration is limited to one family member.

  5. How to avail benefits under the scheme?
    Eligible beneficiaries must register online via CSCs by completing biometric verification, submitting the application form, and undergoing a three-stage verification process.

  6. Which documents are required during registration on the PM Vishwakarma portal?
    Required documents include Aadhaar, Mobile Number, Bank Details, and a Ration Card (or Aadhaar cards of all family members if a ration card is not available).

  7. Which lending institutions can provide credit under the scheme?
    The scheme facilitates collateral-free enterprise development loans provided under the guidance of the MoMSME.

  8. What is the amount of initial loan under the scheme?
    The scheme provides an initial loan tranche of ₹1,00,000 (with an 18-month repayment period) and a second tranche of up to ₹2,00,000 (with a 30-month repayment period).

  9. When will an applicant become eligible for the second tranche of a loan under the scheme?
    Eligibility for the second tranche is determined after the first tranche is successfully repaid as per the repayment schedule.

  10. Do applicants need to provide any collateral to avail the loan facility under this scheme?
    No, the loans are collateral-free.

  11. What is the rate and amount of interest subvention in the scheme?
    Beneficiaries are charged an interest rate of 5%, with an Interest Subvention cap of 8% payable by the government.

Sources and References

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