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PM Vishwakarma Yojana 2024

PM Vishwakarma Yojana

PM Vishwakarma Yojana 2024-:PM Vishwakarma Yojana (also referred to as PM Vishwakarma Kaushal Samman) provides an easy way to get collateral-free credit up to 3 lakh with 5 percent p.a. for four years. It is a central sector program that was launched in 2004 by MoMSME (Ministry of Micro Small and Medium-sized Enterprises) that provides services such as market linkage support and skill-training, as well as incentives for digital transactions for craftsmen and artisans who are engaged in specific trades. After the successful verification and approval process the applicants will then be accepted in the PM Vishwakarma plan as Vishwakarmas.

About PM Vishwakarma Yojana 2024

A large portion of the population of the Indian economy is comprised of craftspeople and artisans who employ their hands and tools. They generally self-employed, and are generally regarded as a part of the unorganized or informal part of our economy. These craftspeople and artisans of the past are known as “Vishwakarmas” and work in jobs such as Blacksmiths, Carpenters, Goldsmiths and sculptors, among others. These skills or occupations are passed from generation-to-generation following a guru-shishya model of traditional training, both within the families and other informal groups of artisans and craftspeople.

In this context the new scheme named “PM Vishwakarma The scheme aims to improve the quality and the availability of the goods and services offered by artisans and craftspeople, and to ensure that Vishwakarmas integrate into value chains that are both global and domestic. The aim of the Scheme to provide an all-encompassing, end-to-end service to Vishwakarmas. Vishwakarmas, i.e. craftsmen and artisans so that they can advance up the value chain within their respective professions. It will lead to a qualitative change in the way that these jobs are carried out by craftspeople and artisans and will improve their social-economic standing and their standard of living.

PM Vishwakarma will be implemented as an Central Sector Scheme, fully supported from the Government of India, with an initial investment in the amount of 13,000 crore rupees.

This Scheme is jointly carried out by Ministry of Micro, Small and Medium Enterprises (MoMSME) and The Ministry of Skill Development and Entrepreneurship (MSDE) as well as The Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India.

MoMSME is MoMSME will be Nodal Ministry for the Scheme and the Additional Secretary and Development Director (MSME) in the Ministry of MSME will serve as the central point for every aspect of implementation and coordination. [Email: ; Tel: 011-23061176]

PM Vishwakarma will be in the beginning in place for five years, up 2027-28.

Objective PM Vishwakarma Yojana 2024

Trades Covered Under PM Vishwakarma Yojana 2024

Wood Based

  1. Carpenter (Suthar/Badhai)
  2. Boat Maker

Iron/Metal Based/Stone Based

Gold/Silver Based

Clay Based

Leather Based

Architecture/Construction Based


Benefits Under PM Vishwakarma Yojana 2024

PM Vishwakarma is a holistic Scheme that envisages to provide end-to-end support to the artisans and craftspeople through the following components:

a. Recognition: PM Vishwakarma Certificate and ID Card
b. Skill Upgradation
c. Toolkit Incentive
d. Credit Support
e. Incentive for Digital Transactions
f. Marketing Support

Loan amount & Repayment Tenure of PM Vishwakarma Yojana 2024

Tranche Loan Amount Repayment Tenure
1st Tranche Up to Rs 1 lakh 18 months
2nd Tranche Up to Rs 2 lakh 30 months


Eligibility of PM Vishwakarma Yojana 2024 

Documents Required for PM Vishwakarma Yojana 2024

Step To Register PM Vishwakarma Yojana 2024


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