Concessional credit for traditional trades and crafts.
A ₹13,000 Crore central scheme supporting artisans and craftspeople across 18 recognised trades — carpenters, blacksmiths, potters, weavers, cobblers, tailors, goldsmiths and more — with skill training, a toolkit incentive, and concessional, collateral-free credit.
How the scheme is structured
PM Vishwakarma is dedicated to 18 traditional trades, including carpentry, blacksmithing, pottery, weaving, cobbling, tailoring, boat-making, goldsmithing and stone carving. The scheme provides recognition through registration and a PM Vishwakarma certificate, basic and advanced skill training with a stipend, a toolkit incentive of ₹15,000, and access to concessional collateral-free credit at 5% per annum — the cheapest government business credit currently available in India.
Credit is released in two tranches rather than as a single loan: the first tranche of ₹1 Lakh with an 18-month repayment period, and the second tranche of ₹2 Lakh with a 30-month repayment period, available only after successful repayment of the first. This staged structure builds a credit history for artisans who may never have borrowed formally before.
The interest differential between 5% and the market rate is absorbed by the government, so the borrower pays only the concessional rate. Digital transaction incentives are also available, encouraging artisans to move towards digital payments in their trade.
Who qualifies
- Artisans and craftspeople in one of the 18 recognised trades
- Working with hands and tools in a traditional trade, self-employed in the unorganised sector
- Registration via the PM Vishwakarma portal with Aadhaar-based verification
- Minimum age 18 years
- One registration per family per trade, generally
What to know before applying
The second tranche depends on the first being repaid
Artisans sometimes assume they can apply for the full ₹3 Lakh upfront. The second, larger tranche is only released after the first ₹1 Lakh is successfully repaid, which is by design — it builds a formal repayment record.
Skill training is not optional in most implementations
Basic (and optionally advanced) skill training with a stipend is part of the scheme design and typically precedes or accompanies the credit component. Factor the training period into your planning rather than expecting the loan alone.
Registration must happen on the official portal
Registration and certification run through the PM Vishwakarma portal with Aadhaar-based verification. Third parties charging a fee for "registration assistance" beyond genuine documentation help should be treated with caution — the portal registration itself is free.
Documents required
Incomplete files cause most multi-week delays. We assemble the full set upfront, in the order credit teams read it.
KYC & constitution
- PAN & Aadhaar of all promoters / partners / directors
- Certificate of incorporation, MOA-AOA or partnership deed
- Board resolution or partners' authority letter
- GST registration & trade licence
Trade documents
- Proof of engagement in one of the 18 recognised trades
- Aadhaar for portal registration and verification
- Bank account details for credit and incentive disbursal
How the process runs
Portal registration
Registration on the PM Vishwakarma portal with Aadhaar verification and trade confirmation.
Skill training
Basic (and optionally advanced) training completed, with a stipend during the training period.
First tranche disbursal
₹1 Lakh collateral-free loan at 5% p.a., repayable over 18 months.
Second tranche
Following successful repayment, ₹2 Lakh released at 5% p.a., repayable over 30 months.
Related facilities & deep-dive guides
Every facility below is placed through the same 80+ lender panel. The long-form guides carry the working numbers, worked examples and lender-by-lender detail.
Frequently Asked Questions
The questions our advisory desk is asked most often about PM Vishwakarma.
Eighteen recognised trades including carpenters, boat-makers, armourers, blacksmiths, goldsmiths, potters, sculptors and stone carvers, cobblers, masons, basket and mat weavers, doll and toy makers, barbers, garland makers, washermen, tailors, and fishing net makers.
No. Credit is released in two tranches — ₹1 Lakh first, then ₹2 Lakh only after the first tranche is successfully repaid. This staged structure is intentional, building a formal repayment history for artisans new to institutional credit.
No, both tranches are collateral-free. The concessional 5% interest rate makes this the cheapest government credit product currently available for eligible trades.
Formal recognition and certification, basic and advanced skill training with a stipend, a ₹15,000 toolkit incentive, and digital transaction incentives — the credit is one part of a broader support package.
Through the official PM Vishwakarma portal, using Aadhaar-based verification and confirmation of your trade. Registration itself is free; we can help with documentation and with structuring the credit application once you are registered.
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