9311937800

PM Vishwakarma Scheme

Honor and Support for Traditional Artisans and Craftsmen

Scheme Introduction

Launched by Prime Minister Shri Narendra Modi on September 17, 2023, this scheme aims to enhance the income and boost the businesses of traditional artisans and craftsmen (Vishwakarma community) across the country by providing financial assistance, training, and connecting them with modern technology.

Term Loan up to ₹2 Lakh
5% Interest Subvention
Credit Guarantee Support
Free Skill Training

Traditional Artisan

Eligibility Criteria

Traditional Artisan

Artisans from Vishwakarma community aged 18 years and above

Craft Work

Artisans engaged in traditional crafts and handicrafts

Micro Enterprise

Craftsmen running small-scale businesses

Income Limit

Traditional artisans from any income group

Scheme Benefits

01

Financial Assistance

Loan up to ₹1 lakh in first phase and ₹2 lakh in second phase

02

Interest Subvention

5% interest subvention (Concessional Interest Rate)

03

Credit Guarantee

Credit guarantee support under CGTMSE scheme

04

Skill Training

Free basic and advanced level training

05

Digital Training

Training in digital payments and e-commerce

06

Tool Kit Assistance

Assistance up to ₹15,000 for modern tool kit

Eligible Traditional Trades

Blacksmith (Lohar)

Agricultural tools, tool manufacturing

Carpenter (Badhai)

Furniture, wooden items

Goldsmith (Sunar)

Jewelry making and design

Cobbler (Mochi)

Shoe and footwear manufacturing and repair

Sculptor (Murtikar)

Idol making and stone carving

Barber (Nai)

Hair cutting and grooming services

Mason (Rajmistri)

Building construction and repair work

Weaver (Bunkar)

Handloom and textile manufacturing

Loan Details

Total Loan Amount
Up to ₹3 Lakh
Interest Subvention
5% per annum
Loan Tenure
Up to 4 years
Moratorium Period
18 months
Tool Kit Assistance
₹15,000
Incentive Amount
₹500 per day

Required Documents

Identity Proof

  • Aadhaar Card
  • PAN Card
  • Voter ID Card
  • Ration Card

Address Proof

  • Electricity Bill
  • Water Bill
  • Bank Statement
  • Driving License

Business Proof

  • Business Photo
  • Trade License
  • Enterprise Registration
  • Bank Account Details

Application Process

1

Registration

Online registration on Vishwakarma Portal

2

Verification

Worker/Artisan verification through CSC

3

Training

Basic and advanced level training

4

Loan Application

Apply for loan at participating bank

5

Loan Disbursement

Transfer of loan amount to bank account

Grow Your Traditional Business

Apply now for PM Vishwakarma Scheme

Apply Now