PM Vishwakarma Scheme
पीएम विश्वकर्मा योजना
Ministry / Dept: Ministry of Micro, Small and Medium Enterprises & Ministry of Skill Development • Agency: MSME / MoSD&E / MoF / CSC / Gram Panchayats / ULBs
📋 Scheme Objective & Overview
Comprehensive Central Govt scheme providing formal recognition, modern training, ₹15,000 toolkit grant, and ₹3 Lakhs collateral-free credit at 5% interest for 18 traditional trade crafts.
💰 Key Financial Benefits & Subsidy Details
- ✓PM Vishwakarma Certificate and Digital ID Card.
- ✓Free Basic Training (5-7 days) & Advanced Training (15+ days) with ₹500/day daily stipend.
- ✓Toolkit Incentive of ₹15,000 as modern e-voucher for buying modern equipment.
- ✓Collateral-free enterprise loan: Tranche 1 up to ₹1,00,000 (18 months tenure) at 5% interest.
- ✓Second tranche up to ₹2,00,000 (30 months tenure) at 5% interest on prompt repayment.
- ✓Digital transaction incentive: ₹1 per digital transaction up to 100 transactions/month.
🎯 Who is Eligible? (Eligibility Criteria)
- •An artisan or craftsperson working with hands and tools in one of the 18 recognized traditional family trades.
- •Minimum age of 18 years on the date of registration.
- •The beneficiary should not have availed loans under similar credit schemes (PMEGP, Mudra, PM SVANidhi) in the past 5 years.
- •Registration is restricted to one member per family.
Age Requirement: 18 to 70 years.
Education Qualification: None (Traditional artisan/craftsperson working with hands and tools)
📑 Mandatory Documents Required Checklist
Scanned PDF / Copies🚀 Step-by-Step Application Procedure
❓ Frequently Asked Questions (PM Vishwakarma Scheme)
What is the maximum loan limit under PM Vishwakarma Scheme?
Eligible applicants can avail up to Up to ₹3 Lakhs (₹1 Lakh in Tranche 1 + ₹2 Lakhs in Tranche 2) in financial assistance from authorized partner banks.
How much capital subsidy is provided?
The scheme provides Concessional 5% Interest Rate (Subvention of up to 8% paid by Central Govt) + ₹15,000 Free Toolkit Incentive credited directly to the loan bank account upon milestone verification.
Is collateral security or mortgage required?
Collateral-free, 100% credit guarantee by National Credit Guarantee Trustee Company (NCGTC).
Ready to apply for PM Vishwakarma Scheme?
Submit your online application through the official government portal.
Apply on Official Portal →Toll-Free Helpline: 1800-267-7777 / 011-23061500
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