How much loan can I get under this scheme?

Collateral-free loans are offered in two tranches — up to ₹1 lakh first, and up to ₹2 lakh in the second tranche after satisfactory repayment/utilisation of the first, both at a concessional 5% interest rate.

Is the toolkit incentive cash or an e-voucher?

It's issued as an e-voucher (up to ₹15,000) meant to be used toward purchasing modern tools relevant to your trade, not as direct cash.

Do I need to complete training before getting the loan?

Yes — the sequence generally runs registration and verification, then basic skill training, followed by the toolkit incentive and loan access.

🇮🇳 Employment

PM Vishwakarma Yojana

PM Vishwakarma is a Central scheme for traditional artisans and craftspeople — carpenters, blacksmiths, goldsmiths, potters, cobblers, tailors and 16 other trades — offering recognition via a PM Vishwakarma certificate and ID card, basic and advanced skill training with a daily stipend, a toolkit incentive to buy modern equipment, and collateral-free loans in two tranches to grow the business, along with support for digital transactions and marketing.

Official website

Ministry of Micro, Small & Medium Enterprises — PM Vishwakarma Scheme

https://pmvishwakarma.gov.in

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Last updated 27 Aug 2026 Verified against Ministry of Micro, Small & Medium Enterprises — PM Vishwakarma Scheme Educational guide, not a government site — see our editorial policy.

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Required documents

Aadhaar card
Mobile number linked to Aadhaar
Bank account details
Proof of trade/occupation (self-declaration at registration, verified locally)

Eligibility

• Artisans and craftspeople engaged in one of the 18 specified traditional trades (e.g. carpenter, blacksmith, goldsmith, potter, tailor, cobbler, mason)
• Working with hands and tools, either self-employed or in an informal/unregistered enterprise
• Minimum age 18 at the time of registration

Step-by-step guide

1
Register at the official portal (pmvishwakarma.gov.in) through a Common Service Centre (CSC) with Aadhaar-based biometric verification, or check eligibility online first.
2
Get verified at the Gram Panchayat/ULB level, followed by a district-level implementation committee screening.
3
Once approved, receive your PM Vishwakarma certificate and ID card.
4
Complete the mandatory basic skill training (5-7 days) — a stipend of ₹500/day is paid during training.
5
Receive a toolkit incentive (up to ₹15,000 as an e-voucher) and become eligible for collateral-free loans up to ₹1 lakh in the first tranche and ₹2 lakh in the second, at a concessional 5% interest rate.

Official fees

Free to register. Loans carry a concessional 5% interest rate with the government subsidising the difference.

Processing time

Varies by district-level verification and committee screening; check status on the portal after CSC registration.

How to apply

Common Service Centre (CSC) · Online (pmvishwakarma.gov.in)

Frequently asked questions

18 specified traditional trades — including carpenters, boat makers, blacksmiths, goldsmiths, potters, cobblers, masons, tailors, toy makers and garland makers among others. Check the official portal's full trade list to confirm your specific occupation qualifies.

Common mistakes to avoid

• Registering under a trade you don't actually practice, which fails verification
• Skipping the mandatory skill training and expecting direct loan access
• Not completing Gram Panchayat/ULB-level verification, which stalls certificate issuance

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