PM Vishwakarma Scheme: collateral-free Loan for MSMEs & Startups

What is PM Vishwakarma Scheme?

The PM Vishwakarma Scheme is a Central Sector initiative launched by the Ministry of Micro, Small and Medium Enterprises (MoMSME) to empower artisans and craftspeople across India.
It offers skill training, access to collateral-free credit, modern toolkits, and market linkages all designed to uplift traditional trades and connect them to modern business opportunities.

• Launched by: Ministry of MSME, Government of India
• Launch Year: 2023
• Duration: Five years (till 2027–28)
• Type: Central Sector Scheme (fully funded by the Government of India)

The PM Vishwakarma scheme recognizes artisans and craftspeople as ‘Vishwakarmas’, giving them a digital identity and access to all benefits under the program.

Who is Eligible For PM Vishwakarma Scheme?

The PM Vishwakarma scheme is tailor-made for:

• Artisans and craftspeople working with their hands and tools
• Self-employed workers in the unorganized sector
• MSMEs and startups connected with traditional trades
• Individuals aged 18 years or above, engaged in any of the 18 family-based traditional trades (like carpentry, blacksmithing, goldsmithing, tailoring, etc.)

This scheme opens new doors for micro entrepreneurs and rural craftsmen, linking India’s oldest skills to today’s market-driven economy.

Benefits & Specialty of the PM Vishwakarma Scheme

The PM Vishwakarma scheme stands out for its complete business support system for artisans from skills to sales.

Key Benefits:

1. Official Recognition:
   Receive a Vishwakarma Certificate and Digital ID Card.
2. Skill Upgradation:
   • Basic Training: 5–7 days (₹500 per day stipend)
   • Advanced Training: 15 days (optional)
3. Toolkit Incentive:
   • One-time grant of ₹15,000 for modern tools.
4. Collateral-free Loans:
   • ₹1,00,000 in the first phase (18-month repayment)
   • ₹2,00,000 in the second phase (30-month repayment)
   • Low Interest: 5% interest rate, with government paying up to 8% subvention.
5. Digital Transaction Incentive:
   • ₹1 per transaction (up to 100 per month)
6. Marketing Support:
   • Help with branding, quality certification, e-commerce, and trade fairs.

Available for States

The PM Vishwakarma scheme is implemented across all states and Union Territories in India.
It ensures last-mile reach through Common Service Centres (CSCs) and Village Level Entrepreneurs (VLEs), bringing the registration process to every local community.

Budget of PM Vishwakarma Scheme

The Government of India has allocated a multi-year budget for this initiative.
It is expected to reach millions of artisans, ensuring financial support, digital inclusion, and access to modern business ecosystems under the MSME umbrella.

How Many Businesses Have Benefited?

According to official data:

• 2.7 crore applications have been submitted so far.
• 1.68 crore have completed the first level of verification.
• 30 lakh+ artisans have already received registration and benefits.

This massive participation shows how the PM Vishwakarma Government scheme is reshaping India’s informal and micro enterprise sector.

How to Apply for Vishwakarma Scheme

The process to apply for Vishwakarma scheme is easy and online.

Step-by-Step Application:

1. Visit the official portal: (PM VISHWAKARMA)
2. Click “CSC – Register Artisans” under the Login menu.
3. Complete Aadhaar Verification (OTP-based).
4. Visit your nearest CSC centre for biometric verification.
5. Fill out the online application form and submit.
6. Wait for three-level verification – Gram Panchayat, District Committee, and Screening Committee.
7. Once approved, you’ll receive your Vishwakarma Digital ID and can start availing scheme benefits.

Documents Required for PM Vishwakarma Scheme:

• Aadhaar Card
• Ration Card (or Aadhaar of all family members)
• Bank Account Details
• Mobile Number

If you don’t have a bank account, CSCs will help open one for you.

StartupFlora – Your Scheme Guide for Business Growth

At StartupFlora, we simplify complex government schemes like the PM Vishwakarma scheme so entrepreneurs, artisans, and MSMEs can easily access funding, training, and digital tools that power business growth.

Whether you’re a local craftsman or a small startup founder StartupFlora helps you understand and apply for business schemes the smart way.

Similar Schemes for Business

If you’re exploring more government initiatives for business growth, here are a few worth checking:

• PMEGP (Prime Minister’s Employment Generation Programme)
• PM SVANidhi (Street Vendor’s Scheme)
• MUDRA Loans (for small entrepreneurs)
• Stand-Up India Scheme (for women and SC/ST entrepreneurs)

Each of these complements the PM Vishwakarma scheme, helping you access funding, training, and business recognition.

Final Words

The PM Vishwakarma scheme is more than just financial aid it’s a recognition of India’s traditional workforce as a vital part of the modern economy.
If you’re an artisan, craftsperson, or a small business looking to grow now is the best time to apply for Vishwakarma scheme and unlock new opportunities.

Frequently Asked Questions (FAQs)

1. How to get a loan in PM Vishwakarma Yojana?

To get a loan under the PM Vishwakarma Scheme, you must first register online through the official PM Vishwakarma Portal.
Once your application is verified by the local authorities, you can receive a collateral-free enterprise development loan.

• First Loan: ₹1,00,000 (repayable in 18 months)
• Second Loan: ₹2,00,000 (repayable in 30 months)
  The best part — the loan comes at just 5% interest, and the government covers the rest through interest subvention.

2. How to apply for a PM loan online?

To apply for a PM loan online under the PM Vishwakarma Scheme, follow these steps:

1. Visit the official website – pmvishwakarma.gov.in
2. Click on “CSC – Register Artisans”
3. Complete your Aadhaar OTP verification
4. Visit your nearest CSC centre for biometric verification
5. Fill in the online application form and submit it
   After approval, you’ll get your Vishwakarma Digital ID and can start availing all scheme benefits, including training and credit support.

3. What is the maximum loan amount for PM Vishwakarma Yojana?

The maximum loan amount available under the PM Vishwakarma Yojana is ₹3,00,000, offered in two stages:

• ₹1,00,000 in the first tranche
• ₹2,00,000 in the second tranche (after timely repayment of the first)
  These loans are collateral-free and designed to support artisans, MSMEs, and startups looking to expand their businesses.

4. How to get ₹10,000 loan on Aadhaar card?

The ₹10,000 loan on Aadhaar card is generally provided under other microfinance schemes such as PM SVANidhi or MUDRA for street vendors and small traders.
If you’re an artisan or craftsperson, you should apply for Vishwakarma scheme — it offers higher loan limits, free training, and toolkit grants, all with simple Aadhaar-based registration through CSCs.