PM Vishwakarma

Benefits under PM Vishwakarma Scheme

1. Recognition
   • Recognition as a Vishwakarma through a Certificate and ID Card.
2. Skilling
   • Skill Verification followed by 5–7 days (40 hours) of Basic Training.
   • Interested candidates can also enroll for 15 days (120 hours) of Advanced Training.
   • Training stipend of ₹500 per day.
3. Toolkit Incentive
   • Toolkit incentive grant of ₹15,000.
4. Credit Support
   • Collateral-free Enterprise Development Loans:
     • ₹1 lakh (First Tranche with 18 months repayment).
     • ₹2 lakh (Second Tranche with 30 months repayment).
   • Concessional rate of interest of 5% for beneficiaries, with an Interest Subvention cap of 8% borne by the Ministry of MSME.
   • Credit Guarantee fees to be borne by the Government of India.
5. Incentive for Digital Transactions
   • ₹1 per transaction for up to 100 transactions per month.
6. Marketing Support
   • The National Committee for Marketing (NCM) will provide support including:
     • Quality Certification
     • Branding & Promotion
     • E-commerce Linkages
     • Trade Fairs
     • Advertising & Publicity
     • Other Marketing Activities

• An artisan or craftsperson working with hands and tools and engaged in one of the 18 family-based traditional trades mentioned in the scheme, in unorganized sector on self-employment basis, shall be eligible for registration under PM Vishwakarma.
• The minimum age of the beneficiary should be 18 years on the date of registration.
• The beneficiary should be engaged in the concerned trade on the date of registration and should not have availed loans under similar credit-based schemes of Central Government or State Government for self-employment/business development, e.g. PMEGP, PM SVANidhi, Mudra, in the past 5 years.
• The registration and benefits under the Scheme shall be restricted to one member of the family. For availing benefits under the Scheme, a ‘family’ is defined as consisting of the husband, wife and unmarried children.
• A person in government service and their family members shall not be eligible under the Scheme.

PM Vishwakarma is a new scheme and envisages to provide end-to-end holistic support to the traditional artisans and craftspeople in scaling up of their conventional products and services. The objectives of the scheme are as given below:

1. To enable the recognition of artisans and craftspeople as Vishwakarma making them eligible to avail all the benefits under the Scheme.
2. To provide skill upgradation to hone their skills and make relevant and suitable training opportunities available to them.
3. To provide support for better and modern tools to enhance their capability, productivity, and quality of products.
4. To provide the intended beneficiaries an easy access to collateral free credit and reduce the cost of credit by providing interest subvention.
5. To provide incentives for digital transaction to encourage the digital empowerment of these Vishwakarmas.
6. To provide a platform for brand promotion and market linkages to help them access new opportunities for growth.