Skip to Content

PM Vishwakarma Yojana: Complete Guide for Artisans 2026

Loans up to ₹3 lakh at 5% interest, ₹15,000 toolkit grant & free skill training for 18 trades
Sk Jabedul Haque
Sk Jabedul Haque
Apr 23, 2026 • 5 min read • 122 views
PM Vishwakarma Yojana: Complete Guide for Artisans 2026
Navigation
10 Sections
    Quick Answer: PM Vishwakarma Scheme 2026 empowers traditional artisans across 18 trades. Beneficiaries receive a ₹15,000 toolkit grant, collateral-free loans up to ₹3 lakh (at 5% interest), and ₹500/day stipend during skill training. Apply online at pmvishwakarma.gov.in with your Aadhaar and bank details to receive your Vishwakarma Certificate.

    What You'll Learn

    • Full list of the 18 eligible trade categories, from Carpenters to Goldsmiths in 2026.
    • How to claim the ₹15,000 toolkit e-voucher incentive after basic training completion.
    • The structure of the ₹3 lakh credit support: Tranche 1 (₹1L) and Tranche 2 (₹2L).
    • Details of the 2026 ONDC integration for marketing artisan products globally.

    PM Vishwakarma Scheme 2026: Elevating India's Traditional Crafts

    The PM Vishwakarma Scheme, launched by Prime Minister Narendra Modi in September 2023 on Vishwakarma Jayanti, is a central sector scheme with a total outlay of Rs 13,000 crore for the period 2023-2028. The scheme aims to support traditional artisans and craftspeople across 18 identified family-based traditional trades including carpenter (Suthar), blacksmith (Lohar), potter (Kumhaar), tailor, barber (Naai), goldsmith (Sunar), mason (Raajmistri), sculptor (Moortikar), cobbler (Charmakar), basket maker, boat maker, armourer, locksmith, hammer and tool kit maker, fishing net maker, doll and toy maker, and washerman. Beneficiaries receive a PM Vishwakarma certificate and ID card, skill training with a Rs 500 per day stipend for 5-7 days of basic training plus optional 15 days advanced training, a Rs 15,000 toolkit grant as e-voucher, and collateral-free credit support of up to Rs 3 lakh at a concessional interest rate of 5 percent.

    PM Vishwakarma Loan Details: Two Tranches at 5% Interest

    The credit support under PM Vishwakarma is provided in two tranches without any collateral requirement. The first tranche offers up to Rs 1 lakh with a maximum repayment tenure of 18 months. After successful repayment of the first tranche, the beneficiary becomes eligible for a second tranche of up to Rs 2 lakh with a repayment tenure of 30 months. The concessional interest rate is fixed at 5 percent per annum, with the Government of India providing an interest subvention of up to 8 percent to banks. This makes the PM Vishwakarma loan one of the most affordable credit options available to artisans in India.

    PM Vishwakarma Statistics 2026: Impressive Reach

    As of 2026, the PM Vishwakarma scheme has achieved remarkable milestones. The target of registering 30 lakh applicants was achieved ahead of schedule in September 2025 itself. As per the official PM Vishwakarma dashboard, over 24 lakh applicants have been successfully registered, with 16.26 lakh completing skill verification and 5.94 lakh having received toolkit incentives worth over Rs 50.98 crore. The scheme is being implemented across all states and union territories through a network of Common Service Centres, banks, and district implementing agencies. Over 7.9 lakh loans amounting to Rs 35.13 crore have been disbursed to artisans.

    List of 18 Trades Under PM Vishwakarma Scheme

    The 18 traditional trades covered under the scheme are: Carpenter (Suthar/Badhai), Boat Maker (Naav/Nauka Nirmaak), Armourer (Sikligar/Saikalgar), Blacksmith (Lohar), Hammer and Tool Kit Maker, Locksmith (Taala Banaane Waale), Goldsmith (Sunar), Potter (Kumhaar), Sculptor/Moortikar/Stone Carver, Cobbler/Charmakar/Shoesmith, Mason (Raajmistri), Basket Maker/Mat Maker/Coir Weaver, Doll and Toy Maker (Khatua/Khilaune Banaane Waale), Barber (Naai), Garland Maker (Malaakaar), Washerman (Dhobi), Tailor (Darzi/Silayi), and Fishing Net Maker (Jaal Banaane Waale).

    Skill Training and Toolkit Incentive

    Under the scheme, artisans undergo 5-7 days of basic skill training with a stipend of Rs 500 per day. After skill verification, they receive a toolkit incentive of Rs 15,000 in the form of an e-voucher, which can be used to purchase modern tools and equipment from registered vendors. Interested candidates can also enroll for 15 days (120 hours) of advanced training. The training is provided through NSDC-approved training partners and covers both traditional skills and modern techniques, including digital payments, quality control, and market access strategies through ONDC integration.

    Last Updated: May 31, 2026 | Source: Ministry of MSME (Official Website)

    Frequently Asked Questions

    PM Vishwakarma Yojana is a central sector scheme with a Rs 13,000 crore outlay that supports traditional artisans across 18 trades. Beneficiaries receive a certificate and ID card, skill training with Rs 500/day stipend, Rs 15,000 toolkit grant, and collateral-free loans up to Rs 3 lakh at 5% interest.
    The 18 trades are: Carpenter, Boat Maker, Armourer, Blacksmith, Hammer and Tool Kit Maker, Locksmith, Goldsmith, Potter, Sculptor/Stone Carver, Cobbler/Shoesmith, Mason, Basket/Mat/Broom Maker, Doll and Toy Maker, Barber, Garland Maker, Washerman, Tailor, and Fishing Net Maker.
    You can get collateral-free loans up to Rs 3 lakh in two tranches. First tranche: up to Rs 1 lakh for 18 months. Second tranche: up to Rs 2 lakh for 30 months. The interest rate is fixed at just 5% per annum with the government providing an 8% interest subvention to banks.
    Visit pmvishwakarma.gov.in, register using your Aadhaar number and mobile, select your trade from the 18 listed, fill the application form, and visit the nearest Common Service Centre or bank for verification. The application is also accepted at district implementing agency offices.
    After basic skill training and skill verification, artisans receive a toolkit incentive of Rs 15,000 in the form of an e-voucher. This can be used to purchase modern tools and equipment from registered vendors to upgrade their craft.
    Artisans undergo 5-7 days of basic skill training with a Rs 500/day stipend. They can also opt for 15 days of advanced training. Training covers traditional skills, modern techniques, digital payments, quality control, and market access through ONDC integration.
    As of 2026, over 24 lakh applicants have been successfully registered, exceeding the 30 lakh target (achieved in Sept 2025). Over 16.26 lakh have completed skill verification, 5.94 lakh received toolkit incentives worth Rs 50.98 crore, and 7.9 lakh loans worth Rs 35.13 crore have been disbursed.
    Any Indian citizen aged 18+ who is engaged in one of the 18 traditional trades can apply. The artisan must not have availed similar credit support under other government schemes like PM Mudra or Stand Up India. The scheme is family-based and one person per family is eligible.
    Yes, all loans under PM Vishwakarma are completely collateral-free. No bank guarantee, third-party guarantee, or asset mortgage is required. The government provides interest subvention of up to 8% to make the effective interest rate just 5% for the artisan.
    Yes, the scheme integrates artisans with the ONDC (Open Network for Digital Commerce) platform for marketing their products globally. The PM Vishwakarma Haat events are also organized at Dilli Haat and other locations to provide direct market access to artisans.
    Sk Jabedul Haque

    Sk Jabedul Haque

    Founder & Chief Editor

    Building India's most trusted finance education platform — simplifying news, calculators, and market trends so anyone can understand and invest confidently.

    Read full bio →
    Government Schemes Modi Schemes
    in Govt Schemes