- Maximum benefit
- ₹15,000 toolkit incentive + collateral-free loans of ₹1 lakh and ₹2 lakh at 5%
- Who can apply
- The cluster, park or implementing agency, not an individual unit
- Status
- Open; current term ends 31 March 2028
Is PM Vishwakarma open? Key facts at a glance
PM Vishwakarma (Central): ₹15,000 toolkit incentive + collateral-free loans of ₹1 lakh and ₹2 lakh at 5%.
Last verified: 20 Oct 2026. How we check our information
| Status | Open. Confirm the status before you apply (see the note on this page). |
|---|---|
| Level | Central government scheme |
| Type of benefit | Training, Toolkit and Concessional Loans for Artisans |
| Maximum benefit | ₹15,000 toolkit incentive + collateral-free loans of ₹1 lakh and ₹2 lakh at 5% |
| Project cost range | Artisan loans in two tranches (see key benefits) |
| Who can apply | Micro enterprises (Manufacturing, Service) |
| Implementing agency | Ministry of MSME |
| Where to apply | PM Vishwakarma portal |
| Official notification | Read the notification (PDF) |
| Current term ends | 31 March 2028 |
| Last verified | 20 Oct 2026 · How we check |
What is PM Vishwakarma?
PM Vishwakarma is a Central Sector scheme of ₹13,000 crore for five years up to 2027-28 for artisans and craftspeople in 18 family-based trades who work with their hands and tools.
It offers skill verification and training with a stipend, a ₹15,000 toolkit incentive, collateral-free loans of ₹1 lakh and then ₹2 lakh at 5% interest to the borrower, an incentive for digital transactions and marketing support. The registration target of 30 lakh was reached in September 2025.
What are the key benefits of PM Vishwakarma?
- Skill verification and 5–7 days of basic training (optional 15-day advanced training), with a stipend of ₹500 a day.
- Toolkit incentive of ₹15,000.
- Collateral-free loans of ₹1 lakh (18 months) and then ₹2 lakh (30 months) at 5% interest to the borrower; the Government bears up to 8% as interest subvention and pays the credit guarantee fee.
- ₹1 per digital transaction, up to 100 transactions a month, and marketing support.
Who can apply for PM Vishwakarma?
- Artisans and craftspeople in one of the 18 family-based trades listed in the guidelines, working with hands and tools, self-employed in the unorganised sector, aged 18 or over.
- No PMEGP, PM SVANidhi or MUDRA loan in the last five years (those who have repaid MUDRA or SVANidhi loans can apply).
- One member per family; government employees and their families are not eligible.
Eligible business types
MSME categories covered
Eligible industries
How do I apply for PM Vishwakarma?
- Registration is on the PM Vishwakarma portal. Check there whether registration is open in your State before relying on the scheme.
Apply at: PM Vishwakarma portal
Which documents are needed for PM Vishwakarma?
- Aadhaar
- Bank account details
Why are PM Vishwakarma applications rejected?
- Trade not among the 18 listed trades
- PMEGP, PM SVANidhi or MUDRA loan taken in the last five years (repaid MUDRA or SVANidhi loans are allowed)
- Another family member already registered
- Government employee or a member of their family
Subsidy Setu's DPR preparation process addresses all common rejection points before filing.
Frequently asked questions about PM Vishwakarma
- Is PM Vishwakarma open?
- It is listed as open, but confirm the status before you apply: The PM Vishwakarma portal says the registration target of 30 lakh artisans was achieved in September 2025, and the Ministry said in September 2026 that the scheme is being rolled out in West Bengal. We could not confirm that new registrations are open in other States, so our tools do not suggest this scheme; check the portal before relying on it. Status last verified: 20 Oct 2026.
- Who can apply for PM Vishwakarma?
- Micro enterprises (Manufacturing, Service).
- What is the maximum benefit under PM Vishwakarma?
- ₹15,000 toolkit incentive + collateral-free loans of ₹1 lakh and ₹2 lakh at 5%.
- How do I apply for PM Vishwakarma?
- 1. Registration is on the PM Vishwakarma portal. Check there whether registration is open in your State before relying on the scheme. Apply at: PM Vishwakarma portal.
Related schemes
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