The PM Vishwakarma Scheme is a landmark initiative launched by the Government of India to empower traditional artisans and craftspeople by providing financial assistance, skill development training, modern toolkits, and market linkage support. The PM Vishwakarma aims to uplift workers engaged in traditional occupations such as carpentry, blacksmithing, goldsmithing, pottery, tailoring, cobbling, masonry, and many more. By offering structured financial aid and institutional backing, the PM Vishwakarma Scheme ensures that India’s centuries-old craftsmanship continues to thrive in the modern economy. Through targeted benefits and recognition, the PM Vishwakarma is transforming the lives of lakhs of skilled workers across rural and urban India.
Introduction to PM Vishwakarma Scheme
The PM Vishwakarma Scheme was officially launched on 17 September 2023 by the Ministry of Micro, Small & Medium Enterprises (MSME), Government of India. The scheme was introduced to provide holistic support to traditional artisans and craftspeople who work with their hands and tools. The PM Vishwakarma covers 18 traditional trades and focuses on improving product quality, productivity, and digital integration. With a budget allocation of ₹13,000 crore for five years (2023–2028), the PM Vishwakarma Scheme is designed to strengthen the grassroots artisan economy and boost self-employment opportunities nationwide.
The main objective of the PM Vishwakarma is to provide recognition, financial assistance, training, and marketing support to artisans who have been working in unorganized sectors without formal recognition. By formalizing their businesses and connecting them to government support systems, the PM Vishwakarma promotes sustainable livelihoods and economic inclusion.
Key Benefits of PM Vishwakarma Scheme
One of the biggest advantages of the PM Vishwakarma is financial assistance at concessional interest rates. Beneficiaries under the PM Vishwakarma Scheme can avail collateral-free loans of up to ₹3 lakh in two tranches. The first tranche offers up to ₹1 lakh, and the second tranche provides ₹2 lakh, both at an interest rate of 5% with government subsidy support. This ensures that artisans can expand their businesses without heavy financial burden.
Additionally, the PM Vishwakarma provides skill development training. Beneficiaries receive basic training of 5–7 days and advanced training of up to 15 days. During training, artisans are given a stipend of ₹500 per day. Along with training, the PM Vishwakarma offers a toolkit incentive of ₹15,000 to upgrade tools and equipment.
Digital empowerment is another key feature of the PM Vishwakarma Scheme. Artisans are encouraged to adopt digital payment methods and are provided incentives for digital transactions. This integration helps beneficiaries connect with broader markets and increase sales opportunities.
Eligibility Criteria for PM Vishwakarma Scheme
The PM Vishwakarma Scheme is open to traditional artisans and craftspeople aged 18 years and above who are engaged in one of the specified trades. Applicants must be self-employed in the unorganized sector and should not have availed similar government loan schemes such as PMEGP, MUDRA, or SVANidhi in the past five years. The PM Vishwakarma ensures that benefits reach genuine artisans who require financial and technical assistance.
Eligible trades under the PM Vishwakarma include carpenters, boat makers, blacksmiths, goldsmiths, potters, sculptors, cobblers, tailors, basket makers, doll makers, and several other traditional occupations. By covering multiple sectors, the PM Vishwakarma Scheme supports India’s diverse artisan community.
Application Process for PM Vishwakarma Scheme
The application process for the PM Vishwakarma is simple and accessible. Interested artisans can apply online through the official website athttps://pmvishwakarma.gov.in. Applications are also facilitated through Common Service Centres (CSCs) across India to ensure accessibility in rural areas.
Applicants need Aadhaar-based biometric verification and relevant trade details to complete the registration process. Once approved, beneficiaries under the PM Vishwakarma Scheme receive a Vishwakarma Certificate and ID card, recognizing them as official participants of the scheme. This certification enhances credibility and opens doors to institutional support.
Financial Structure and Support Under PM Vishwakarma
The financial framework of the PM Vishwakarma Scheme is structured to ensure sustainable growth. Beneficiaries can access affordable credit through scheduled banks, with interest subvention provided by the government. The repayment tenure is flexible, making the PM Vishwakarma suitable for small-scale artisans.
There is no application fee or registration price to enroll in the PM Vishwakarma Scheme. The scheme is entirely government-funded, ensuring that artisans can benefit without upfront costs. Unlike exhibitions or trade fairs, there is no stall price or ticket requirement associated with the PM Vishwakarma Scheme, as it is a welfare initiative rather than a commercial event.
Address, Place, Date, Website, and Tickets Information
The PM Vishwakarma Scheme is implemented nationwide across all states and union territories of India. The nodal ministry overseeing the PM Vishwakarma is the Ministry of MSME, Government of India, located at Udyog Bhawan, New Delhi – 110011, India.
Launch Date: 17 September 2023
Place of Launch: New Delhi, India
Official Website: https://pmvishwakarma.gov.in
Registration Price: Free of cost
Stall Price: Not applicable
Tickets: Not required
Since the PM Vishwakarma Scheme is a government welfare scheme and not an exhibition, there are no tickets or stall bookings involved. All services under the scheme are aimed at providing direct benefits to eligible artisans.
Impact of PM Vishwakarma Scheme on Indian Economy
The PM Vishwakarma Scheme plays a crucial role in strengthening India’s MSME ecosystem. By supporting artisans financially and technically, the PM Vishwakarma boosts local production and promotes the “Make in India” initiative. Increased productivity and improved quality standards help artisans compete in domestic and international markets.
The PM Vishwakarma Scheme also promotes financial inclusion by integrating artisans into the formal banking system. Access to low-interest credit reduces dependency on informal money lenders. Moreover, the PM Vishwakarma encourages entrepreneurship, generating employment and preserving traditional crafts.
Skill Development and Market Linkages
Training and skill upgradation are essential pillars of the PM Vishwakarma Scheme. By offering structured training programs, the scheme enhances craftsmanship and introduces modern production techniques. The PM Vishwakarma Scheme also connects artisans to e-commerce platforms, government procurement portals, and exhibitions to expand market reach.
Through branding and marketing support, the PM Vishwakarma Scheme ensures that traditional artisans receive fair prices for their products. This not only increases income but also sustains cultural heritage.
The PM Vishwakarma Scheme is a transformative initiative aimed at empowering India’s traditional artisans and craftspeople. By providing financial assistance, skill training, digital support, and market access, the PM Vishwakarma ensures sustainable livelihoods and economic growth. With free registration, concessional loans, toolkit incentives, and nationwide implementation, the PM Vishwakarma Scheme stands as a comprehensive support system for grassroots entrepreneurs.
As India continues its journey toward becoming a global manufacturing hub, the PM Vishwakarma Scheme will play a pivotal role in preserving heritage skills while enabling artisans to adapt to modern market demands. Through structured support and government commitment, the PM Vishwakarma is building a stronger, self-reliant artisan community across the country.
