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PM Vishwakarma

PM Vishwakarma — collateral-free enterprise credit, a toolkit grant and skilling for traditional artisans and craftspeople. DRAFT indicative facts, pending official-source verification.

Handicraft MSME & Industry Manufacturing

Primary benefit

₹15,000 subsidy, up to ₹15,000

CAPITAL · quoted from the scheme, not calculated by us

Scheme guidelineT4UNVERIFIEDas of 23 Jul 2026

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Currency

INR

SourceT4UNVERIFIEDas of 23 Jul 2026

Loan amount: — – ₹3,00,000
Margin: —
Tenure: —–30 months
Moratorium: —
Collateral: Not required
Currency: INR

Collateral-free; ₹1 lakh first tranche (18 months), ₹2 lakh second tranche (30 months) after repayment.

SourceT2UNVERIFIEDas of 24 Jul 2026

Interest rates

Rate: 5% – 5% p.a.
Type: RANGE
Basis: —

PM Vishwakarma — collateral-free enterprise loan Rs 1L (18mo) then Rs 2L (30mo) at beneficiary-capped 5% (rest via subvention), Rs 15,000 toolkit grant, plus basic/advanced skilling with Rs 500/day stipend; indicative DRAFT.

SourceT4UNVERIFIEDas of 23 Jul 2026

Rate: 5% – 5% p.a.
Type: FIXED
Basis: —

Beneficiary pays 5% concessional interest; Government subvention capped at 8%.

SourceT2UNVERIFIEDas of 24 Jul 2026

Subsidies

Type: CAPITAL
Amount: ₹15,000
Percentage: —
Max cap: ₹15,000

SourceT4UNVERIFIEDas of 23 Jul 2026

Type: INTEREST
Amount: —
Percentage: 8%
Max cap: —

SourceT2UNVERIFIEDas of 24 Jul 2026

Type: CAPITAL
Amount: ₹15,000
Percentage: —
Max cap: ₹15,000

SourceT2UNVERIFIEDas of 24 Jul 2026

0%

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How to apply

Register on the PM Vishwakarma portal or at a Common Service Centre (CSC)Done by: Applicant / CSCOpen the official page →

Three-stage verification (Gram Panchayat / ULB → District DLIC → State SLMC)Done by: Verification Committees

Receive PM Vishwakarma certificate and ID; complete basic skill training with ₹500/day stipendDone by: Applicant

Avail toolkit incentive of up to ₹15,000 via e-RUPI voucherDone by: Applicant

Apply for first-tranche enterprise loan of ₹1 lakh at 5% interest; ₹2 lakh second tranche after repaymentDone by: Bank

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PM Vishwakarma

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