PM Vishwakarma Yojana 2026: 18 Eligible Trades, ₹15,000 Toolkit & 5% Loan Guide
Launched to empower traditional artisans and craftspeople across India, the PM Vishwakarma Scheme provides holistic support: end-to-end skill upgradation, ₹15,000 modern toolkit incentives, digital transaction cashbacks, and collateral-free enterprise loans up to ₹3 Lakh at an attractive fixed 5% interest rate.
What is the PM Vishwakarma Scheme?
The PM Vishwakarma Yojana is a Central Sector Scheme launched by the Ministry of Micro, Small and Medium Enterprises (MoMSME) to support traditional artisans and craftspeople who work with their hands and tools.
The scheme has an outlay of ₹13,000 crore and is fully funded by the Central Government. It recognizes traditional craftspeople as essential contributors to India's informal economy and provides them with official recognition, skill training, modern toolkit vouchers, and subsidized credit without requiring collateral.
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The 18 Eligible Traditional Trades
To qualify for PM Vishwakarma, the beneficiary must be engaged in one of the following 18 traditional family-based crafts:
Wood-Based Trades 1. **Carpenter (Suthar / Badhai)** 2. **Boat Maker**
Iron / Metal-Based Trades 3. **Armourer** 4. **Blacksmith (Lohar)** 5. **Hammer & Tool Kit Maker** 6. **Locksmith** 7. **Sculptor (Moortikar / Stone Carver / Stone Breaker)**
Gold / Jewelry Trades 8. **Goldsmith (Sonar)**
Clay / Earth Trades 9. **Potter (Kumhaar)**
Leather Trades 10. **Cobbler (Mochi) / Shoesmith / Footwear Artisan**
Construction Trades 11. **Mason (Rajmistri)**
Fiber / Natural Material Trades 12. **Basket / Mat / Broom Maker / Coir Weaver** 13. **Doll & Toy Maker (Traditional)**
Personal Services & Grooming Trades 14. **Barber (Naai)** 15. **Garland Maker (Malakaar)** 16. **Washerman (Dhobi)** 17. **Tailor (Darzi)** 18. **Fishing Net Maker**
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4 Core Benefits Under PM Vishwakarma
Beneficiaries enrolled in the scheme receive four major support components:
1. Recognition & Identity - Beneficiaries receive an official **PM Vishwakarma Certificate** and a **PM Vishwakarma ID Card**. - Provides formal recognition as a certified artisan across India.
2. Skill Training & Daily Stipend - **Basic Training:** 5 to 7 days (40 hours) of foundational training in modern techniques, tool handling, and digital tools. - **Advanced Training:** 15 days (120 hours) for interested candidates seeking higher specialization. - **Training Stipend:** **₹500 per day** paid directly into the beneficiary's Aadhaar-seeded bank account during training.
3. Toolkit Incentive (₹15,000 Grant) - Upon completion of basic training, beneficiaries receive an **e-voucher of up to ₹15,000** to purchase modern, high-grade tools suited to their craft. - This is a 100% government grant — not a loan.
4. Collateral-Free Enterprise Credit (Up to ₹3 Lakh @ Fixed 5%) Beneficiaries who successfully complete basic skill training and maintain active operations can access institutional loans in two tranches:
| Loan Tranche | Maximum Amount | Repayment Tenure | Eligibility Condition |
|---|---|---|---|
| :--- | :--- | :--- | :--- |
| Tranche 1 (First Loan) | Up to ₹1,00,000 | 18 Months | Completed Basic Training |
| Tranche 2 (Second Loan) | Up to ₹2,00,000 | 30 Months | Maintained standard repayment in Tranche 1 + adopted digital payments |
- Effective Interest Rate: Fixed at 5.0% per annum for the borrower.
- Interest Subvention: The Government of India provides an interest subvention of 8.0% directly to the lending bank, keeping the borrower's burden at only 5%.
- No Collateral: 100% collateral-free, backed by the Credit Guarantee Scheme for PM Vishwakarma administered by NCGTC.
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Eligibility Criteria
- Age: Minimum 18 years on the date of registration.
- Trade: Actively engaged in one of the 18 specified traditional trades.
- Family Cap: Only one member per family (husband, wife, and unmarried children) is eligible.
- Government Service Restriction: Persons in government service and their family members are not eligible.
- No Existing Similar Subsidized Loan: Beneficiaries must not have availed loans under PMEGP, PM SVANidhi, or Mudra for similar credit facilities within the preceding 5 years.
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Step-by-Step Registration Process
- Step 1: Visit Nearest CSC (Common Service Centre): Initial enrollment requires biometric Aadhaar authentication at any CSC or online at pmvishwakarma.gov.in.
- Step 2: Submit Aadhaar & Mobile Verification: Complete biometric verification and mobile OTP validation.
- Step 3: Trade & Family Declaration: Select your specific craft trade and enter family details.
- Step 4: Three-Stage Verification:
- Step 5: Training & Benefit Disbursement: Once verified, you are scheduled for 5-day basic training and receive your PM Vishwakarma ID and toolkit e-voucher.
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Statutory Safety Reminder
Official registration for the PM Vishwakarma Scheme is carried out via Common Service Centres and the official government portal pmvishwakarma.gov.in. There are no government processing fees for approval. Never pay unauthorized private agents claiming to guarantee loan approvals.
Frequently Asked Questions
Q.What is the interest rate on PM Vishwakarma loans?
The borrower pays a fixed concessional interest rate of 5.0% per annum. The Government of India provides an 8.0% interest subvention directly to the lending bank.
Q.Is the ₹15,000 toolkit incentive a loan or a grant?
The ₹15,000 toolkit incentive is a 100% government grant provided as an e-voucher. It does not need to be repaid.
Q.Can multiple family members apply for PM Vishwakarma?
No. As per scheme guidelines, benefits are restricted to one member per family (defined as husband, wife, and unmarried children).
Q.Do I need to submit property collateral for the ₹3 Lakh loan?
No. PM Vishwakarma loans are 100% collateral-free and credit-guaranteed by the Government through NCGTC.
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