PM Vishwakarma Scheme Eligibility, Objective, Benefits

07-02-2025

08:31 AM

The PM Vishwakarma Scheme was launched on September 17, 2023 by the Prime Minister of India in order to support artisans and craftsmen practicing traditional trades. It is a central sector scheme and has had a huge response with about two million applications being filled on the ‘pm vishwakarma.gov.in. The Ministry of Micro, Small and Medium Enterprises (MSME) is the implementing ministry of this scheme.

PM Vishwakarma Scheme Overview

The PM Vishwakarma Scheme launched in 2023 aims to support traditional artisans and craftsmen, also known as “Vishwakarmas”, who are engaged in handicrafts and other small-scale industrial activities.

PM Vishwakarma Scheme Overview
Launch Date	September 17, 2023
Ministry	Ministry of Micro, Small, and Medium Enterprises (MoMSME)
Duration	2023-2028
Financial Outlay	₹13,000 crore
Target Beneficiaries	Artisans in 18 traditional trades (e.g., carpentry, blacksmithing, pottery, weaving)
Key Components	Recognition (Certificate & ID) Skill Training Toolkit Incentive Credit Support Digital Transaction Incentives Marketing Support
Credit Support	Collateral-free loans up to ₹3 lakh at 5% interest
Eligibility	Aged 18+, engaged in traditional trade, no similar loans in the past 5 years
Official Website	pmvishwakarma.gov.in

PM Vishwakarma Scheme Objectives

The PM Vishwakarma Scheme honors traditional artisans by giving them the position of “Vishwakarma” making them eligible for many benefits. The Objectives of PM Vishwakarma are:

Artisans are offered collateral-free loans with reduced borrowing costs due to interest subsidies.
The scheme aims to provide basic and advanced skills to artisans, helping them improve the skills through training programmes.
Providing tools and technology to artisans in order to improve productivity and quality of work and products.
Teaching the use of digital payment methods and also offering incentives.
Showcase brands and the access to new markets for business expansion.
Provide economic opportunities by integrating traditional artisans into formal economy and global supply chains.

PM Vishwakarma Yojana Details

Below are the key details of the PM Vishwakarma Yojana:

PM Vishwakarma Yojana Details
Enrolment Process	Enrolment through Common Service Centres (CSCs) using Aadhaar-based biometric authentication on the PM Vishwakarma portal.
Target Groups	Artisans and craftspeople engaged in 18 trades : Carpenter, Boat Maker, Armourer, Blacksmith, Hammer and Tool Kit Maker, Locksmith, Goldsmith, Potter, Sculptor, Stone Breaker, Cobbler, Mason, Basket/Mat/Broom Maker, Doll & Toy Maker, Barber, Garland Maker, Washerman, Tailor, Fishing Net Maker.
Key Benefits Offered	Recognition : PM Vishwakarma certificate and ID card. Skill Upgradation : Basic (5-7 days) and Advanced (15+ days) Training with Rs. 500 stipend/day. Toolkit Incentive : Up to Rs. 15,000 in e-vouchers for Basic Skill Training. Credit Support : Collateral-free loans up to Rs. 3 lakh in two tranches with 5% interest rate and 8% government subvention. Digital Transaction Incentive : Re. 1 per digital transaction (up to 100 transactions/month). Marketing Support : Quality certification, branding, e-commerce onboarding, and other marketing activities. Udyam Assist Platform : Enrolment in formal MSME ecosystem.
Loan Details	Loan Amount : Up to Rs. 3 lakh in two tranches (Rs. 1 lakh and Rs. 2 lakh). Interest Rate : 5% with 8% subvention from the Government of India. Tenure : First tranche (Rs. 1 lakh) - 18 months; Second tranche (Rs. 2 lakh) - 30 months. Eligibility for 2nd Tranche : Beneficiaries must have completed Basic Training, maintained a standard loan account, and adopted digital transactions.
Digital Transaction Incentive	Re. 1 per digital transaction, up to a maximum of 100 transactions per month.
Marketing Support	Includes quality certification, branding, promotion on e-commerce platforms like GeM, advertising, and publicity.

PM Vishwakarma Scheme Eligibility

The eligibility criteria for the PM Vishwakarma Scheme are as follows:

The applicant has to be minimum 18 years of age during the time of registration.
The applicant should be enrolled in at least one out of the 18 specified trades within the unorganised sector.
The artisan should be dependent on using hands and tools while working in the unorganised sector.
Applicants who have already applied for schemes like PM-SVANidhi are not eligible to apply for this scheme. One can only reapply after replaying the loan.
Only one member from a family is eligible to apply for the scheme.
Government employees and their families are not eligible to apply for the scheme.

PM Vishwakarma Yojana Benefits

PM Vishwakarma Yojana offers the following benefits:

Providing the sources and skills to the artisans in order to help improve their trade practices.
Ensuring artisans economic stability by giving them access to credit and modern tools to improve productivity and increased income.
Maintaining the preservation of cultural heritage by promoting recognition and respect of traditional crafts.
Giving sustainable livelihoods to artisans through financial assistance and skill development.

PM Vishwakarma Scheme FAQs

Q1. What is PM Vishwakarma Yojana?
Ans: PM Vishwakarma Yojana is a government initiative to support artisans and craftspeople in the unorganized sector by providing financial assistance and skill development.

Q2. What is the primary objective of the PM Vishwakarma scheme?
Ans: The primary objective is to promote self-reliance among artisans and enhance the quality, scale, and reach of their products.

Q3. What is the PM Vishwakarma Scheme 2024?
Ans: PM Vishwakarma Scheme 2024 aims to empower traditional craftsmen and artisans through financial aid, skill training, and market linkages.

Q4. What is the scheme of Vishwakarma government?
Ans: The Vishwakarma scheme focuses on enhancing the livelihood of artisans and craftsmen in the unorganized sector through credit support and capacity building.

Q5. What are the 18 trades of PM Vishwakarma Yojana?
Ans: The 18 trades include carpentry, blacksmithing, goldsmithing, pottery, tailoring, cobbling, and others traditionally practiced by artisans.

Q6. What is the interest rate of PM Vishwakarma scheme?
Ans: The interest rate under the PM Vishwakarma scheme is subsidized, allowing loans at just 5% per annum.