Business & Startups
PM Vishwakarma - Artisans Credit Scheme
Complete 2026 guide to PM Vishwakarma: Term loan up to ₹3 lakh + toolkit incentive for 18 traditional crafts, skill training, market linkage for 30 lakh artisans.
Last updated: 3/8/2026
Overview
Why launched: 15 million traditional artisans face credit/market access issues despite ₹3 lakh crore market. PM Vishwakarma (2023) provides recognition, skill upgradation, credit, toolkit (₹15,000), and DDUGKY training for 18 crafts like carpenter, blacksmith, potter.
Core Benefits: Collateral-free term loan cycle1 ₹1L (5% interest), cycle2 ₹2L, cycle3 ₹3L. Digital toolkit e-vouchers. Monthly stipend ₹500 during 5-day training. GI tagging/market fairs. Insurance ₹2 lakh accident. Women 50% target.
Implementation: Registration via PMVISHWAKARMA portal with Aadhaar+trade verification. Multi-level training (basic/advanced/CDP). Credit guarantee fund covers defaults. By 2026, 30 lakh registered, 10 lakh trained, ₹20,000 crore credit disbursed.
Success Stats: 5 lakh toolkits distributed, 2 lakh GI applications, 50 national fairs organized. Digital branding via UPI QR.
Who is Eligible?
- Traditional artisans in 18 notified trades
- Minimum 1 year experience
- Family trade heritage preferred
- No income ceiling
- SC/ST/women priority
Documents Required
- Aadhaar Card
- Trade verification by committee
- Bank passbook
- Skill certificate/ID proof
- Toolkit preference form
How to Apply
- 1Step 1: Register pmvishwakarma.gov.in + biometrics
- 2Step 2: Trade verification by local committee
- 3Step 3: 5-day basic training + stipend
- 4Step 4: Toolkit incentive ₹15,000
- 5Step 5: Term loan application (cycle-wise)
- 6Step 6: Market linkage fairs/branding