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Loans & Subsidy · PM Vishwakarma

Empowering Traditional Artisans & Craftspeople Across India

The PM Vishwakarma Scheme is a flagship Central Sector Scheme of the Government of India launched by the Ministry of Micro, Small and Medium Enterprises (MSME). It provides end-to-end support to traditional artisans and craftspeople through official recognition, skill training, toolkit incentives, collateral-free loans, digital empowerment, branding, and market linkage. Rinson Business provides complete consultancy for PM Vishwakarma registration, eligibility assessment, documentation, online application guidance, business registration, loan assistance, DPR preparation, and MSME support services across India.

What is PM Vishwakarma?

Designed to strengthen the livelihood of traditional artisans who work with their hands and tools. The scheme helps preserve India's traditional skills while improving income through financial assistance, modern tools, training, and better market access.

Goals

Objectives of the Scheme

Promote Traditional Artisans & Craftspeople
Preserve India's Traditional Skills
Improve Income & Livelihood
Provide Skill Upgradation
Encourage Self-Employment
Support Business Modernization
Increase Market Access
Promote Digital Transactions
Strengthen the MSME Sector
Support

Key Benefits

🪪 PM Vishwakarma Certificate & ID Card

Eligible artisans receive official recognition through a PM Vishwakarma Certificate and Digital ID.

🛠 Toolkit Incentive

Toolkit incentive of ₹15,000 for purchasing modern tools and equipment.

🎓 Skill Development Training

  • Basic Skill Training
  • Advanced Skill Training
  • Training Stipend during eligible training programmes

💰 Collateral-Free Loan

  • First Loan: Up to ₹1,00,000
  • Second Loan: Up to ₹2,00,000 (subject to satisfactory repayment)
  • Interest Rate: 5% per annum for the beneficiary

📱 Digital & Marketing Support

  • Digital Payment Promotion
  • Branding Assistance
  • Quality Improvement
  • E-Commerce Support
  • Marketing Assistance
  • Trade Fair Participation
Applicability

Eligible Traditional Trades

The scheme currently covers 18 traditional trades, including:

Carpenter
Boat Maker
Blacksmith
Goldsmith
Locksmith
Hammer & Tool Kit Maker
Potter
Sculptor
Mason
Cobbler / Shoesmith
Basket / Mat / Broom Maker
Doll & Toy Maker
Barber
Garland Maker
Washerman
Tailor
Fishing Net Maker
Armourer

Eligibility Criteria

Be at least 18 years of age
Be engaged in one of the notified traditional trades
Be self-employed in a traditional artisan or craft occupation
Meet the eligibility conditions prescribed under the PM Vishwakarma Scheme

Certain applicants with outstanding benefits under specified schemes or government employees and their family members may not be eligible. Eligibility should always be verified under the latest scheme guidelines.

Documents Required

Aadhaar CardPAN Card (if available)Mobile Number linked with AadhaarBank Account DetailsPassport Size PhotographAddress ProofOccupation DetailsIdentity Documents (as applicable)
FAQs

Frequently Asked Questions

Who can apply for PM Vishwakarma?
Traditional artisans and craftspeople engaged in one of the 18 notified trades and meeting the scheme's eligibility conditions can apply.
How much loan is available?
Eligible beneficiaries can receive up to ₹3 lakh in two stages — ₹1 lakh in the first tranche and ₹2 lakh in the second tranche — subject to the scheme guidelines and satisfactory repayment.
Is collateral required?
No. The loans under the PM Vishwakarma Scheme are collateral-free, subject to the scheme conditions and lender requirements.
Can Rinson Business guarantee scheme approval?
No. Rinson Business is a professional consultancy firm. We assist with eligibility assessment, documentation, registration guidance, business planning, and loan documentation. Final approval, training, and financial assistance are provided by the competent government authorities, approved training partners, banks, and implementing agencies in accordance with the PM Vishwakarma Scheme guidelines.
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