PM Vishwakarma Yojana: How to Get ₹15,000 Toolkit E-Voucher and ₹3 Lakh Loan

The PM Vishwakarma Yojana is a flagship Central Sector Scheme designed to provide end-to-end support to artisans and craftspeople who work with their hands and tools. Launched to preserve traditional heritage, the scheme offers skill upgradation, toolkit incentives, and low-interest credit support to empower the Vishwakarma community across India.

What is this scheme?

The PM Vishwakarma Scheme provides holistic support to traditional artisans. It includes recognition through a PM Vishwakarma Certificate and ID card, basic and advanced skill training with a daily stipend, a toolkit incentive of ₹15,000, and collateral-free credit support of up to ₹3,00,000 at a concessional interest rate of 5%.

Who is eligible?

• An artisan or craftsperson working with hands and tools in one of the 18 identified family-based traditional trades.
• The minimum age of the beneficiary should be 18 years on the date of registration.
• The beneficiary should not have availed loans under similar credit-based schemes (e.g., PMEGP, PM SVANidhi, Mudra) in the past 5 years.
• Registration and benefits are restricted to one member per family.
• Persons in government service and their family members are not eligible.

How much money?

Toolkit incentive of ₹15,000 and enterprise development loans up to ₹3,00,000 (₹1 lakh in the first tranche and ₹2 lakh in the second).

Documents needed

1. Aadhaar Card
2. Mobile Number linked with Aadhaar
3. Bank Account Details
4. Ration Card (Mandatory for family verification)
5. Category Certificate (if applicable)

How to apply (step by step)

1. Step 1: Mobile and Aadhaar Verification - Complete the biometric-based Aadhaar authentication on the PM Vishwakarma portal.
2. Step 2: Artisan Registration - Fill out the application form with trade details and business address.
3. Step 3: PM Vishwakarma Certificate - Once verified by local authorities, download your digital ID and Certificate.
4. Step 4: Skill Training - Participate in 5-7 days of basic training (with ₹500/day stipend).
5. Step 5: Toolkit Incentive - Receive an e-voucher worth ₹15,000 to purchase modern tools.
6. Step 6: Credit Support - Apply for the first tranche of ₹1 lakh loan after basic training.

Important dates

Conclusion

The PM Vishwakarma Yojana is a landmark initiative that bridges the gap between traditional craftsmanship and modern financial systems. By providing both the tools and the capital needed to scale, the scheme ensures that India's rich cultural heritage remains economically viable for future generations.