Pradhan Mantri Vishwakarma Yojana
- **Objective**: Provide end-to-end support to traditional artisans and craftspeople for scaling up products and services - **Key Features**: Recognition (certificate & ID card); skill upgradation (40-hr basic + 120-hr advanced training); toolkit grant ₹15,000; collateral-free credit - **Loan Support**: First tranche ₹1 lakh (18-month repayment), Second tranche ₹2 lakh (30-month repayment); 5% interest rate with 8% govt subvention - **Eligible Trades**: Expanded from 18 to 25 categories — carpenter, blacksmith, goldsmith, potter, cobbler, mason, tailor, barber, boat maker, etc. - **Digital Incentive**: ₹1 per digital transaction (up to 100/month); training stipend ₹500/day - **Progress**: 2nd anniversary on September 17, 2025; ~30 lakh artisans registered; 2.72 crore applications
- Pradhan Mantri Vishwakarma Yojana provides end-to-end support to traditional artisans and craftspeople including recognition with certificate and ID card
- Skill upgradation through 40-hour basic and 120-hour advanced training with stipend of ₹500/day; toolkit grant of ₹15,000
- Collateral-free credit: First tranche ₹1 lakh (18-month repayment), Second tranche ₹2 lakh (30-month repayment) at 5% interest with 8% government subvention
- Expanded from 18 to 25 eligible trade categories including carpenter, blacksmith, goldsmith, potter, cobbler, mason, tailor, barber, and boat maker
- Digital incentive of ₹1 per digital transaction up to 100 transactions per month to encourage cashless adoption
- Progress: 2nd anniversary on 17 September 2025; approximately 30 lakh artisans registered with 2.72 crore applications received
What is the Pradhan Mantri Vishwakarma Yojana?
PM Vishwakarma Yojana is a Ministry of MSME scheme launched on September 17, 2023 to provide end-to-end support to traditional artisans and craftspeople for scaling up their products and services across recognised trades.
Which trades are eligible under PM Vishwakarma Yojana?
Eligible trades have been expanded from 18 to 25 categories, including carpenter, blacksmith, goldsmith, potter, cobbler, mason, tailor, barber, boat maker and other traditional artisan occupations.
What loan support is provided under PM Vishwakarma?
Artisans receive collateral-free credit in two tranches: a first tranche of ₹1 lakh with 18-month repayment, and a second tranche of ₹2 lakh with 30-month repayment, at 5% interest rate with 8% government subvention.
What skill training and toolkit support does PM Vishwakarma offer?
The scheme provides 40 hours of basic training and 120 hours of advanced training, a training stipend of ₹500 per day, and a toolkit grant of ₹15,000. Artisans also receive recognition through a certificate and ID card.
What digital transaction incentive does PM Vishwakarma provide?
Registered artisans receive ₹1 per digital transaction, capped at 100 transactions per month, to encourage adoption of digital payments in traditional craft businesses.
How many artisans have registered under PM Vishwakarma?
As of the second anniversary on September 17, 2025, approximately 30 lakh artisans have registered under PM Vishwakarma Yojana, with a total of 2.72 crore applications received so far.
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