The PM Vishwakarma Scheme is a Central Sector initiative launched by the Ministry of Micro, Small and Medium Enterprises (MSME) to empower artisans and craftspeople across India. The scheme provides collateral-free loans, modern tools, skill training, digital incentives, and market linkage support to ensure that traditional artisans receive recognition, financial assistance, and sustainable livelihood opportunities.
The scheme was officially launched in 2023 and will be implemented for five years up to 2027-28. It is designed to uplift artisans working in 18 traditional trades by offering easy access to finance, skill development, and opportunities to expand their businesses.
If you are an artisan or craftsperson in India, the PM Vishwakarma Loan Yojana 2025 could be your chance to receive up to ₹3 lakh loan at a concessional interest rate, along with free training and modern equipment to grow your craft.
Table of Contents
The main objectives of the PM Vishwakarma scheme are:
- To formally recognize artisans and craftspeople as “Vishwakarma”, making them eligible to avail benefits under the scheme.
- To provide financial assistance through collateral-free loans for expanding their business.
- To promote skill upgradation through basic and advanced training.
- To provide access to modern tools and technology.
- To encourage digital transactions with incentives.
- To ensure market linkage support so artisans can connect with larger markets and increase income.
Skill Training and Toolkits
The PM Vishwakarma scheme not only focuses on financial aid but also ensures artisans upgrade their skills and adapt to modern-day requirements.
- Beneficiaries receive basic training of 5-7 days.
- Advanced training opportunities of 15 days or more are also available.
- Artisans are provided with a stipend of ₹500 per day during the training period.
- A modern toolkit worth up to ₹15,000 is provided free of cost to improve work efficiency and product quality.
This combination of financial support and skill training ensures artisans can compete in local and global markets.
Key Features of PM Vishwakarma Loan Yojana 2025
- Collateral-free loan up to ₹3 lakh.
- 5% concessional interest rate with interest subvention support.
- Two-phase loan facility – ₹1 lakh first, ₹2 lakh second.
- Free training programs with stipend support.
- Modern toolkit assistance worth ₹15,000.
- Incentives for digital transactions.
- Recognition of artisans as Vishwakarma through ID cards and certificates.
- Market linkage support to increase income opportunities.
Loan Facility under PM Vishwakarma
One of the most attractive features of the scheme is the loan support provided by the Government of India.
- Eligible artisans can avail a loan of up to ₹3,00,000 in two installments.
- The first loan tranche provides ₹1,00,000, repayable in 18 months.
- Upon timely repayment of the first tranche, artisans become eligible for the second loan tranche of ₹2,00,000, repayable within 30 months.
- The loans are provided at a concessional interest rate of 5%.
- The Government provides interest subvention of up to 8%, which reduces the burden on beneficiaries.
- No collateral is required to avail these loans, making it accessible to small artisans who may not have financial security.
Trades Covered under PM Vishwakarma Scheme
The scheme covers 18 traditional trades practiced by artisans across India. These include:
- Carpenter
- Blacksmith
- Goldsmith
- Potter
- Sculptor
- Cobbler
- Mason
- Dholak Maker
- Garland Maker
- Tailor
- Barber
- Washerman
- Doll & Toy Maker
- Fishing Net Maker
- Locksmith
- Stone Breaker
- Basket/Matt Maker
- Boat Maker
These trades are part of India’s rich cultural heritage, and the scheme ensures they continue to thrive with financial and technical support.
Eligibility Criteria for PM Vishwakarma
To avail benefits under the scheme, artisans must meet the following criteria:
- Applicant must be an Indian citizen.
- Applicant should be engaged in one of the 18 identified trades.
- Age of applicant should be 18 years or above.
- Applicant must not have availed similar benefits under other government schemes.
- Only one member per family will be eligible.
Documents Required
Applicants need to provide the following documents at the time of online registration:
- Aadhaar Card
- PAN Card
- Domicile Certificate
- Bank Account Details
- Mobile Number linked with Aadhaar
- Passport-size Photograph
- Trade-related proof (if applicable)
How to Apply Online for PM Vishwakarma Loan Yojana 2025
Artisans can apply online through the official PM Vishwakarma Portal. The process is simple:
- Visit the official PM Vishwakarma Portal (link will be provided by the government).
- Click on the Apply Online option.
- Fill out the Application Form with correct details.
- Upload required documents in scanned format.
- Submit the application form online.
- Keep a copy of the acknowledgment receipt for future reference.
Once your application is verified, you will be notified, and the loan amount will be credited to your bank account.
Benefits of PM Vishwakarma Loan Yojana 2025
The scheme provides multiple benefits for artisans and craftspeople:
- Easy access to loan up to ₹3 lakh without collateral.
- Subsidized interest rate of just 5%.
- Free training programs with daily stipend.
- Free modern toolkits to improve productivity.
- Official recognition as Vishwakarma artisan.
- Opportunity to expand business through digital incentives and market linkages.
Important links
| Artist Registration Form | Click here |
| Download Artisan Certificate | Click here |
| Beneficiary Login Link | Click here |
Frequently Asked Questions (FAQs)
Q1: What is PM Vishwakarma Scheme?
Ans: It is a central government scheme to provide collateral-free loans, training, tools, and market support to artisans and craftspeople in India.
Q2: Which trades are covered under the scheme?
Ans: 18 traditional trades like carpenter, blacksmith, goldsmith, potter, cobbler, tailor, barber, and more.
Q3: How much loan can be availed under PM Vishwakarma?
Ans: Up to ₹3 lakh in two installments – ₹1 lakh in the first tranche and ₹2 lakh in the second tranche.
Q4: Do I need to provide collateral for the loan?
Ans: No, all loans under this scheme are collateral-free.
Q5: What is the rate of interest under this scheme?
Ans: The beneficiary has to pay only 5% interest, while the government provides an 8% interest subvention.
Q6: What documents are required for application?
Ans: Aadhaar card, PAN card, domicile certificate, bank details, and mobile number linked with Aadhaar.
Q7: Who is eligible for the second loan tranche of ₹2 lakh?
Ans: Beneficiaries who repay the first ₹1 lakh loan within 18 months are eligible for the second tranche.
Q8: Is skill training compulsory to get a loan?
Ans: Yes, artisans must complete basic training to avail the first loan tranche.
Q9: What benefits are provided apart from the loan?
Ans: Free skill training, stipend, digital incentives, toolkit worth ₹15,000, and market linkage support.