Organisation : Ministry of Micro, Small and Medium Enterprises
Facility Name : Pradhan Mantri Vishwakarma Scheme
Applicable For : Artisan, Craftsperson
Applicable State/UT : All India
Website : https://pmvishwakarma.gov.in/
What is Pradhan Mantri Vishwakarma Scheme?
PM Vishwakarma is a Central Sector Scheme launched by Ministry of Micro, Small and Medium Enterprises to provide holistic and end-to-end support to artisans and craftspeople through access to collateral free credit, skill training, modern tools, incentive for digital transactions and market linkage support. Artisans and craftspeople who are engaged in the 18 trades as mentioned in the Guidelines are eligible.
Related / Similar Scheme : Jal Jeevan Mission
Category of trades are Covered in the PM Vishwakarma Scheme
Carpenter (Suthar), Boat Maker, Armourer, Blacksmith (Lohar), Hammer and Tool Kit Maker, Locksmith, Goldsmith (Sunar), Potter (Kumhaar), Sculptor (Moortikar)/ stone carver / Stone breaker, Cobbler (Charmkar)/ Shoesmith/ Footwear artisan, Mason (Raajmistri), Basket Maker/ Basket Waver: Mat maker/ Coir Weaver/ Broom maker, Doll & Toy Maker (Traditional), Barber (Naai), Garland Maker (Malakaar), Washerman (Dhobi), Tailor (Darzi) and Fishing Net Maker.
Key Components of PM Vishwakarma Scheme
The key components of PM Vishwakarma Scheme are:
** Recognition: PM Vishwakarma Certificate and ID Card
** Skill Upgradation
** Toolkit Incentive
** Credit Support
** Incentive for Digital Transactions
** Marketing Support
Eligibility Criteria of PM Vishwakarma Scheme
** An artisan or craftsperson working with hands and tools and engaged in one of the above family-based traditional trades, in unorganized sector on self-employment basis, shall be eligible for registration under PM Vishwakarma.
** The minimum age of the beneficiary should be 18 years on the date of registration.
** The beneficiary should be engaged in the trade concerned on the date of registration and should not have availed loans under similar credit-based schemes of Central Government or State Government for self-employment/ business development, e.g. PMEGP, PM SVANidhi, Mudra, in the past 5 years.
** The registration and benefits under the Scheme shall be restricted to one member of the family. For availing benefits under the Scheme, a ‘family’ is defined as consisting of the husband, wife and unmarried children.
** A person in government service and their family members shall not be eligible under the Scheme.
How To Apply For PM Vishwakarma Scheme?
Any individual willing to avail the benefits of the Scheme, may register on the portal www.pmvishwakarma.gov.in. The following is the list of documents or information to be provided by the beneficiaries:
(i) Required documents or information:
The beneficiaries need to produce documents like Aadhaar, mobile number, bank details, ration card mandatorily for the registration.
(a) In case of a beneficiary not having a ration card, they would be required to produce Aadhaar cards of all family members (Para 4 of the guidelines on Eligibility may be referred to for definition of family).
(b) If beneficiary does not have bank account, they will be first required to open a bank account for which handholding shall be done by the CSC.
Additional documents or information:
The beneficiaries may be required to provide additional documents or information as per the requirements prescribed by the MoMSME.
FAQ On PM Vishwakarma Scheme
Frequently Asked Questions FAQ On Pradhan Mantri (PM) Vishwakarma Scheme
Which lending institutions can provide credit under the Scheme?
Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, Cooperative Banks, Non-Banking Finance Companies and Micro Finance Institutions are eligible to lend under this Scheme.
What is the amount of initial loan under the scheme?
The initial collateral free ‘Enterprise Development Loan’ is up to Rs 1,00,000 for a tenure of 18 months.
I already have availed first tranche of loan under PM Vishwakarma. When will I be eligible for second tranche of loan?
The second Loan Tranche of upto Rs. 2,00,000/- will be available to skilled beneficiaries who maintain a standard loan account and have adopted digital transactions in their business or have undergone Advanced Skill Training.
What is the rate and amount of interest subvention in the scheme?
Concessional rate of interest chargeable from beneficiaries for loans will be fixed at 5%. The interest subvention by the Government of India will be to an extent of 8% and provided upfront to the banks.