Ministry of MSME
PM VishwakarmaPM Vishwakarma Yojana
Collateral-free loans at 5% interest, plus toolkit support, for traditional artisans in 18 trades.
Carpenters, blacksmiths, potters, tailors, cobblers, goldsmiths, barbers, washermen, basket weavers and other traditional artisans.
What you get
- PM Vishwakarma certificate & ID card
- Skill training with stipend
- Toolkit e-voucher worth ₹15,000
- Collateral-free credit at 5% interest
Who can apply
- Artisan working with hands & tools in one of the 18 listed trades
- Minimum 18 years of age
- One member per family
- Not availed similar credit schemes (PMEGP, Mudra) in the last 5 years
Step-by-step process
- 1Registration at CSC
- 2Verification by Gram Panchayat / ULB
- 3Skill training
- 4Toolkit voucher
- 5First loan tranche
- 6Second tranche after repayment
Documents needed
Calculate
Business Loan EMI Calculator
Monthly EMI, total interest and year-by-year repayment.
MSME loans usually range from 8.5% to 14% depending on bank and profile.
for 84 months
With PMEGP / PMFME subsidy, the subsidy amount is adjusted against this loan — your real repayment is lower.
Also consider
Schemes that work well with this one
Start a new manufacturing or service unit and get up to 35% of the project cost as a government subsidy.
- ₹50 L
- Max project · manufacturing
- ₹20 L
- Max project · service
- 5–10%
- Your own contribution
Collateral-free loans up to ₹20 lakh for shops, traders, small manufacturers and service businesses.
- ₹50 K
- Shishu
- ₹5 L
- Kishore
- ₹10–20 L
- Tarun / Tarun Plus
Get a bank loan without pledging your house or land — the government guarantees it for you.
- 75–90%
- Guarantee cover
- 0
- Property to mortgage
- MSE
- New & existing units
Scheme details are summarised from official guidelines and may change. Final eligibility, loan amount and subsidy are decided by the bank and the implementing agency.