PM Vishwakarma Scheme 2026: ₹3 Lakh Collateral-Free Loan, ₹15,000 Toolkit Grant & Training

At a glance

About the scheme

Launched by the Ministry of Micro, Small and Medium Enterprises alongside MSDE and the Department of Financial Services, PM Vishwakarma is a Central Sector Scheme designed to support traditional craftspeople and artisans across India. The programme equips self-employed workers in the unorganised sector with official Vishwakarma certificates and ID cards, free skill upgradation courses with daily stipends, modern tool assistance, marketing linkages, and subsidised credit without any collateral.

Benefits

• Official recognition through a PM Vishwakarma Certificate and ID Card.
• Skill verification followed by 5 to 7 days (40 hours) of basic training.
• Option to enrol in 15 days (120 hours) of advanced skill training.
• Training stipend of ₹500 per day during the training period.
• Toolkit incentive grant of ₹15,000 to purchase modern tools.
• Collateral-free Enterprise Development Loan of up to ₹1,00,000 (first tranche for 18 months repayment) and ₹2,00,000 (second tranche for 30 months repayment).
• Concessional interest rate of 5% with an interest subvention cap of up to 8% paid by MoMSME.
• Full credit guarantee fees covered by the Government of India.
• Digital transaction incentive of ₹1 per transaction for up to 100 transactions per month.
• Marketing support including quality certification, branding, trade fair advertising, and e-commerce linkages through the National Committee for Marketing (NCM).

Who can apply (eligibility)

• Must be an artisan or craftsperson working with hands and tools.
• Must be engaged in the unorganised sector on a self-employment basis.
• Must be actively working in one of the 18 eligible traditional family trades on the date of registration.
• Must be at least 18 years old on the date of application.
• Must not have availed loans under similar credit schemes like PMEGP, PM SVANidhi, or Mudra in the past 5 years.
• Only one member per family (husband, wife, and unmarried children) can register and receive benefits.

Who cannot apply

• Government servants and their family members are not eligible.

Documents required

• Aadhaar Card
• Aadhaar-linked active mobile number
• Bank account details (CSC will assist in opening one if not available)
• Ration card (if ration card is unavailable, Aadhaar cards of all family members must be submitted)

How to apply

1. 1Visit the nearest Common Services Centre (CSC) or access the official portal at pmvishwakarma.gov.in.
2. 2Log in through CSC to access the artisan registration section.
3. 3Complete Aadhaar authentication using your registered mobile number and OTP.
4. 4Undergo biometric verification at the CSC counter.
5. 5Fill out all required personal and trade details in the online application form and note down your Application Number.
6. 6Wait for the three-stage verification process by the Gram Panchayat/ULB, District Implementation Committee, and the Screening Committee.
7. 7Download your PM Vishwakarma Digital Certificate and ID Card once approved to access training and credit benefits.

Frequently asked questions