PM Vishwakarma Yojana
₹3 lakh collateral-free loans for traditional artisans at 5% interest
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PM Vishwakarma Yojana launched on Sept 17, 2023 provides comprehensive support to traditional artisans and craftsmen. Offers collateral-free loans in two tranches (₹1 lakh + ₹2 lakh) at just 5% interest rate, along with free training, toolkit grant of ₹15,000, and digital transaction incentives.
Traditional artisans and craftsmen in 18 traditional trades (carpenter, goldsmith, blacksmith, sculptor, etc.). Must be 18 years or above. Should be self-employed or working with hand/manual tools. Skill verification required. Family-based selection - one member per family.
- Aadhar Card
- PAN Card
- Bank Account
- Photograph
- Identity Proof
- Skill Certificate
Collateral-free loan: ₹1 lakh (18 months) + ₹2 lakh (30 months) at 5% interest, ₹15,000 toolkit grant, 5-7 days basic training with ₹500/day stipend, advanced training option, Vishwakarma Certificate & ID Card, ₹1 cashback per digital transaction (max 100/month), marketing support.
Data Accuracy Notice
Information verified as of March 2025 from official government sources. Scheme details, eligibility, and loan amounts may change. Always verify current information on the official portal before applying.
Visit the official government portal to apply for this scheme. Make sure you have all required documents ready.
Rajesh Sharma, CA
Mumbai · ⭐ 4.9 (127)
"Helped 500+ MSMEs secure loans"