MSME-012
Identification
| Scheme Name | PM Vishwakarma - Enabling Artisans & Craftspeople to scale-up their Enterprises |
|---|---|
| Acronym | PMV |
| Ministry / Department | Ministry of Micro, Small, and Medium Enterprises |
| Implementing Agency | National Skill Development Corporation (NSDC) |
| Level | Central |
| Launch Year | 2023 |
| Status | Active |
Classification
| Category | Credit & Finance |
|---|---|
| Sector | Both |
| Enterprise Size | Micro |
Purpose & Benefit
| Objective | To provide end-to-end, structured holistic support to traditional artisans and craftspeople to formally recognize them, upgrade their skills, facilitate smooth credit flow, provide modern tools, and integrate them into digital markets and global supply chains |
|---|---|
| Benefit Type | Loan |
| Benefit Quantum | Collateral-Free Enterprise Development Loans: Access to up to ₹3.00 Lakh in unsecured business loans disbursed in two sequential tranches:Tranche 1: Up to ₹1.00 Lakh with an 18-month repayment tenure.Tranche 2: Up to ₹2.00 Lakh with a 30-month repayment tenure (eligible post repayment of Tranche 1). Concessional Interest & Subvention: A heavily subsidized, fixed interest rate of 5% p.a. is charged to the beneficiary, backed by a Central Government interest subvention to banks capped at 8%. Toolkit Incentive: A ₹15,000 grant distributed via e-vouchers/e-RUPI to purchase modern, efficient toolkits upon completing basic skill validation. Training Stipend: A daily stipend of ₹500 per day is credited during training periods. Digital Transaction Incentive: A cash incentive of ₹1 per digital transaction (for up to 100 transactions per month) is credited directly to the artisan's account |
| Key Terms | PM Vishwakarma Certificate & ID Card: Official government recognition establishing the artisan's formal legal identity. Basic & Advanced Training: A structured 5-7 days (40 hours) basic upskilling module, followed by an optional 15 days (120 hours) advanced trade training component. National Committee for Marketing (NCM): The dedicated marketing support apparatus assisting artisans with e-commerce onboarding, trade show space rent, packaging, and brand building. |
Eligibility
| Eligibility Criteria | Eligibility Criteria: Must be an Indian citizen aged 18 years or older on the date of registration. The applicant must be a hands-on craftsman operating in the unorganized sector on a self-employment basis across one of the 18 recognized traditional trades (such as Carpenters, Blacksmiths, Potters, Masons, Cobblers, Barbers, Tailors, and Basket Makers). |
|---|---|
| Udyam Required? | Preferred but not mandatory |
| Documents Required | Aadhaar Card Voter ID Card Ration Card Active Bank Account details Caste Certificate / Income Certificate |
| Exclusions | Individuals who have availed of business loans under similar central/state credit schemes (such as PMEGP, MUDRA, or PM SVANidhi) within the past 5 years (Exception: MUDRA/SVANidhi borrowers who have fully repaid their loans can apply). Anyone employed in active Government Service (Central or State), including their immediate family members. Multiple applicants from the same family; the benefit is strictly restricted to only one member per family unit (defined as husband, wife, and unmarried children). |
How to Apply
| Application Mode | Online |
|---|---|
| Application Portal | https://pmvishwakarma.gov.in/ |
| Application Process | Step 1: The artisan visits a local Common Service Centre (CSC) to initiate the application process. Step 2: Perform mobile verification via OTP, followed by mandatory online Aadhaar Biometric Authentication at the center to confirm identity. Step 3: Fill out the registration form, select the precise trade code, and upload the family's Ration Card details and bank accounts. Step 4: The application undergoes a data-matching verification pipeline: Gram Panchayat/ULB level verification (Level 1), District Implementation Committee review (Level 2), and final screening by the Screening Committee (Level 3). Step 5: Upon approval, the digital PM Vishwakarma Certificate and ID card are generated online, automatically clearing the artisan to begin basic training, claim their toolkit e-voucher, and receive the low-interest credit tranche. |
Reference & Verification
| Official Source URL | https://pmvishwakarma.gov.in/ |
|---|---|
| Verified On | 2026-06-01 |