About the Scheme
PM Vishwakarma Scheme supports traditional artisans and craftspeople with end-to-end skilling, credit, and market linkage. Launched Sep 2023. 18 traditional trade categories. Credit: ₹1 lakh (Phase 1) + ₹2 lakh (Phase 2) at 5% concessional interest. 30+ lakh registrations in first year.
Target Beneficiaries: 30+ lakh traditional artisans and craftspeople in 18 trades; blacksmiths, goldsmiths, potters, carpenters, weavers, cobblers, etc.
Implementing Agency: Ministry of Micro, Small & Medium Enterprises (MSME)
Key Features
- 18 traditional trade categories covered: blacksmith, goldsmith, potter, carpenter, weaver, tailor, cobbler, boat maker, etc.
- Collateral-free credit: ₹1 lakh (Phase 1) + ₹2 lakh (Phase 2) at 5% interest rate
- Free skill training: 5-7 days basic + 15+ days advanced; ₹500/day stipend during training
- Digital incentives: ₹1/transaction up to 100 transactions/month on digital payments
- PM Vishwakarma Certificate and ID card for recognition
- Market linkage: e-commerce platforms, GeM portal integration
- Budget: ₹13,000 crore over 5 years (2023-2028)
Eligibility Criteria
- Traditional artisans and craftspeople aged 18 years and above, working in one of the 18 identified trades.
- Beneficiaries should not have availed loans under similar credit-based schemes of Central/State Governments in the last 5 years.
- The scheme is applicable to one member per family (spouse and unmarried children are considered part of the family).
- Individuals engaged in the respective traditional trade on a self-employment basis.