PM Vishwakarma Yojana Loan 2025: Get ₹1,00,000 at Just 5% Interest – Complete Online Apply Process
The Government of India has launched PM Vishwakarma Yojana to empower traditional artisans and craftsmen across the country. Under this scheme, eligible beneficiaries can get loans up to ₹1,00,000 at an extremely low interest rate of just 5%, along with skill training, toolkits, digital enablement, and branding support.
This initiative aims to support India’s traditional vocations such as carpentry, blacksmithing, goldsmithing, pottery, barbering, tailoring, cobbling, and many more. If you are a small artisan looking for financial assistance to grow your business or upgrade tools, this scheme can be a game-changer.
In this article, you will learn the complete details, benefits, eligibility, documents required, and step-by-step online apply process for the PM Vishwakarma Loan Scheme.
What is PM Vishwakarma Yojana?
PM Vishwakarma Yojana is a Central Government scheme launched to support traditional artisans and craft workers (Vishwakarmas). The scheme offers:
- Collateral-free loan
- Low interest rate of 5%
- Skill upgradation training
- Free modern toolkit worth ₹15,000
- Market linkage & digital payments training
- Recognition through PM Vishwakarma Certificate & ID Card
The scheme includes 18 traditional trades, making it one of India’s most inclusive initiatives for small artisans.
Loan Amount Under PM Vishwakarma Yojana
The scheme provides loans in two phases:
1️⃣ First Tranche Loan – ₹1,00,000
- Interest rate: 5%
- Repayment period: 18 months
- Purpose: Working capital, tools purchase, business expansion
2️⃣ Second Tranche Loan – ₹2,00,000
- Interest rate: 5%
- Repayment period: 30 months
- Eligibility: After timely repayment of the first loan and successful skill training
No collateral or guarantee is required, and the government provides an interest subsidy to keep EMIs low.
Key Benefits of PM Vishwakarma Loan Scheme
Here are the major benefits artisans receive under this scheme:
✔ Low-interest loan at 5%
Banks usually charge 12–18% interest on business loans, but this scheme caps it at just 5%, making it highly affordable.
✔ No need for collateral
Even small artisans with no assets can apply and get approval.
✔ Free skill training
Artisans are trained in modern techniques to improve their products and income.
✔ Free toolkit worth ₹15,000
After training, beneficiaries receive an upgraded toolkit to enhance productivity.
✔ Digital enablement
Training in UPI payments and online selling platforms.
✔ PM Vishwakarma Certificate
Adds credibility and helps artisans get more business.
Who Can Apply? – Eligibility Criteria
To apply for this scheme, you must meet the following conditions:
✔ Must be a traditional artisan or craftsman
Trades include:
- Carpenter
- Goldsmith
- Blacksmith
- Barber
- Cobbler
- Tailor
- Boat maker
- Armourer
- Basket weaver
- Potter
- Mason
- Stone sculptor
…and others.
✔ Age must be 18 years or above
✔ Should not be an income tax payer (for first loan)
✔ Only one member per family can apply
✔ Must be engaged in the trade on a self-employment basis
✔ Applicant must not have taken similar government loan in the past
If you meet the above criteria, you are eligible to apply online.
Documents Required for PM Vishwakarma Loan Apply
You must upload or submit the following:
- Aadhaar Card
- PAN Card
- Bank Account Passbook
- Mobile Number linked with Aadhaar
- Passport-size Photograph
- Proof of Trade
- Residential Address Proof
Make sure your Aadhaar is linked with your mobile number for OTP verification.
PM Vishwakarma Loan Online Apply Process – Step-by-Step Guide
Follow these steps to apply for PM Vishwakarma Yojana Loan:
Step 1: Visit the Official Portal
Go to the PM Vishwakarma Yojana official website.
Step 2: Register Using Aadhaar
- Click on “Applicant Registration”
- Enter your Aadhaar card number
- Complete OTP verification
Step 3: Fill Applicant Details
Provide:
- Name
- Age
- Category
- Trade details
- Family information
Step 4: Upload Required Documents
Upload Aadhaar, PAN, and bank details.
Step 5: Choose Your Trade
Select your artisan trade from the list of 18 approved trades.
Step 6: Submit Application to CSC Center
Your application will be forwarded to the nearest CSC center for verification.
Step 7: Skill Training Enrollment
After verification:
- You will be assigned to a training center
- Complete the 5–7 day basic training
Upon completion, you receive:
- PM Vishwakarma Certificate
- ID Card
- Toolkit coupon
Step 8: Loan Approval by Bank
Your application is then sent to a partnered bank. After checking eligibility, the bank approves your ₹1,00,000 loan at 5% interest.
Loan Repayment Terms
- Repayment starts after a moratorium period (varies as per bank)
- EMI is designed to be affordable
- No penalty for early repayment
Timely repayment helps you qualify for the second loan of ₹2,00,000.
PM Vishwakarma Yojana: List of 18 Approved Trades
- Carpenter
- Boat Maker
- Armourer
- Blacksmith
- Goldsmith
- Locksmith
- Potter
- Cobbler
- Mason
- Stone Carver
- Idol Maker
- Weaver
- Tailor
- Barber
- Washerman
- Garland Maker
- Basket Weaver
- Doll & Toy Maker
If your trade falls under this list, you can easily benefit from the scheme.
Why PM Vishwakarma Yojana is a Game-Changer
This scheme directly supports the backbone of India’s traditional economy — artisans and craftspeople. With financial assistance, modern toolkits, training, and digital exposure, artisans can scale their business, increase productivity, and earn better income.
It not only preserves traditional crafts but also boosts rural employment and self-reliance.
Conclusion
PM Vishwakarma Yojana Loan is a remarkable initiative offering ₹1,00,000 loan at just 5% interest, along with training and toolkits to uplift India’s traditional artisans.
If you are a craft worker or skilled artisan looking to improve your livelihood, this scheme is the perfect opportunity. The online application process is simple, and millions of artisans are expected to benefit.
Start your application today and take the first step toward financial empowerment under PM Vishwakarma Yojana.
PM Vishwakarma Yojana 2025 is a Central Government scheme that provides financial assistance, skill training, and modern toolkits to traditional artisans and craftsmen. Under this scheme, eligible beneficiaries can get loans up to ₹3 lakh at just 5% interest.
The scheme offers loans in two phases:
₹1,00,000 in the first tranche (working capital)
₹2,00,000 in the second tranche (after timely repayment of the first loan)
Beneficiaries get the loan at a subsidized interest rate of just 5%, regardless of the bank’s standard loan rate.
No. Both loans under PM Vishwakarma Yojana are collateral-free, so no security or guarantor is needed.
Eligible persons must:
Be a traditional artisan or craft worker
Be 18 years or older
Have a valid Aadhaar and PAN card
Be engaged in one of the 18 recognized trades
Not be an income tax payer (for first loan)
Not have taken similar government scheme loans
The scheme covers trades like Carpenter, Goldsmith, Tailor, Barber, Potter, Cobbler, Mason, Blacksmith, Weaver, Doll Maker, Basket Weaver, Garland Maker, Boat Maker, Armourer, Idol Maker, Stone Carver, Washerman, and Locksmith.
You can apply online by:
Visiting the official portal
Registering with Aadhaar authentication
Filling personal and trade details
Uploading documents
Verification at the nearest CSC
Completing skill training
Getting bank loan approval
Yes, skill training is mandatory. You must complete basic training to receive the first loan and toolkit.
