PM Vishwakarma Scheme: The Pradhan Mantri Vishwakarma Yojana is a groundbreaking Central Sector Scheme aimed at uplifting artisans and craftspeople engaged in traditional trades. Under the administration of the Ministry of Micro, Small & Medium Enterprises (MSME), this initiative seeks to enhance skill development, improve craftsmanship, and provide financial aid to ensure sustainable livelihoods while preserving India’s rich artisanal heritage.
Understanding the PM Vishwakarma Scheme
Launched on September 17, 2023, by Prime Minister Narendra Modi, the PM Vishwakarma Yojana is designed to assist artisans in traditional crafts by offering modern tools, training, and financial support. This initiative merges India’s rich craftsmanship traditions with contemporary technology, allowing artisans to remain competitive in the evolving market.
Through this scheme, artisans can avail themselves of collateral-free loans of up to Rs. 3 lakh to expand their businesses and enhance productivity. The initiative covers 18 traditional trades, including:
- Carpenter (Suthar/Badhai)
- Boat Maker
- Armourer
- Blacksmith (Lohar)
- Hammer & Tool Kit Maker
- Locksmith
- Goldsmith (Sonar)
- Potter (Kumhaar)
- Sculptor (Moortikar, Stone Carver)
- Stone Breaker
- Cobbler (Charmkar)/Footwear Artisan
- Mason (Rajmistri)
- Basket/Mat/Broom Maker/Coir Weaver
- Doll & Toy Maker (Traditional)
- Barber (Naai)
- Garland Maker (Malakaar)
- Washerman (Dhobi)
- Tailor (Darzi)
- Fishing Net Maker
Interest Rate Under PM Vishwakarma Scheme
Artisans and craftspeople under this scheme can access collateral-free Enterprise Development Loans in two phases:
- Rs. 1 lakh loan with an 18-month repayment period.
- Rs. 2 lakh loan with a 30-month repayment period.
The interest rate is a concessional 5%, with the Government of India subsidizing 8% of the interest, making it highly affordable for artisans to expand their businesses.
Key Features of PM Vishwakarma Scheme 2025
The PM Vishwakarma Yojana is a significant step toward ensuring economic stability and self-reliance for artisans. Some of its core features include:
- Financial Assistance: Monetary support to artisans for business expansion.
- Skill Development: Training programs to enhance craftsmanship.
- Employment Generation: Reducing unemployment by encouraging self-employment.
- Market Access: Enabling artisans to compete in domestic and international markets.
Benefits of the PM Vishwakarma Scheme
This scheme extends several benefits to artisans, ensuring their financial security and growth:
- Recognition: Beneficiaries receive a PM Vishwakarma Certificate and ID Card.
- Skill Enhancement: Two-tier training: Basic Training (5-7 days) and Advanced Training (15+ days) with a stipend of Rs. 500 per day.
- Toolkit Assistance: An e-voucher worth up to Rs. 15,000 for purchasing essential tools.
- Credit Support: Collateral-free loans of up to Rs. 3 lakh at a 5% interest rate, with an 8% government interest subsidy.
- Digital Transaction Incentive: Earn One per digital transaction under PM Vishwakarma Yojana (100 transactions can be done every month).
- Marketing Assistance: Support for branding, e-commerce integration (GeM), quality certification, and promotional activities.
- MSME Registration: Automatic registration as an MSME entrepreneur through the Udyam Assist Platform.
Eligibility Criteria for PM Vishwakarma Scheme
Before applying, artisans must ensure they meet the following eligibility criteria:
- Must be a self-employed artisan working in an unorganized sector using hand tools.
- Must belong to one of the 18 traditional trades listed under the scheme.
- Minimum age: 18 years or older.
- Must be actively engaged in the trade and not have benefited from schemes like PMEGP, PM Swanidhi, or Mudra in the last 5 years.
- Only one member per family (husband, wife, and unmarried children) can apply.
- Government employees and their immediate family members (spouse and unmarried children) are not eligible.
Required Documents for PM Vishwakarma Yojana
To apply, artisans must have the following documents ready:
- Aadhaar Card
- Voter ID Card
- PAN Card
- Domicile Certificate
- Passport-sized Color Photograph
- Work-related Documents
- Bank Account Details
- Income Certificate
- Caste Certificate (if applicable)
- Active Phone Number & Email ID
Application Process for PM Vishwakarma Scheme
Step 1: Online Registration
Visit the official website: pmvishwakarma.gov.in.
Step 2: Visit the Nearest Common Service Centre (CSC)
Complete mobile verification and Aadhaar-based e-KYC.
Step 3: Fill the Registration Form
Submit the Artisan Registration Form with necessary details and upload required documents.
Step 4: Download the Certificate & ID
After successful verification, download the PM Vishwakarma Digital ID and Certificate.
Step 5: Apply for Benefits
Log in to the Vishwakarma Portal to apply for loans, training programs, and market assistance.
Checking PM Vishwakarma Scheme Application Status
Once registered, artisans can track their application status on the official portal. Approved applicants receive their Vishwakarma Certificate and ID Card, granting them access to financial aid, training programs, and digital transaction incentives.
Conclusion
The PM Vishwakarma Scheme is a transformative initiative designed to empower artisans and craftsmen by integrating them into the formal economy. By providing financial support, skill training, and modern tools, this scheme not only preserves India’s artisanal heritage but also fosters self-reliance and economic growth. As it continues to expand, the initiative is expected to play a crucial role in boosting micro and small enterprises, preserving traditional trades, and creating employment opportunities for artisans nationwide.