Not yet classifiedPRADH

Pradhan Mantri Vishwakarma Kaushal Samman Yojana

A central scheme by the Government of India providing holistic skill training, toolkit incentives, and low-interest enterprise loans to traditional artisans and craftspeople.

OtherExisting Micro / MSME
Benefit
Non-monetary
Typical lead time
Phase
Benefits

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Highlights and Media

Audio Summary Guide

PM Vishwakarma Kaushal Samman Guide

Generated via NirmanKit AI Voice

0:001:29

This AI-generated podcast overview simplifies complex scheme documents. Refer below for official text.

Key Highlights

Toolkit Grant & Stipend

Provides a ₹15,000 toolkit e-voucher alongside a ₹500 daily stipend during skill training.

Concessional Credit Support

Collateral-free loans up to ₹3 Lakh at an attractive 5% concessional interest rate.

Credit Tranches Slabs

Comparison of first and second loan pathways under the scheme

First Loan Tranche

Up to ₹1 Lakh (18-Month Repayment)

Available upon completing basic training, at 5% interest rate.

Second Loan Tranche

Up to ₹2 Lakh (30-Month Repayment)

Available upon standard repayment of the first tranche and digital transaction adoption.

Who is eligible

  • The artisan/entity meets traditional trade parameters.

Eligibility rules · v1 · effective 1 January 2020

Who is not eligible

  • PMVKSY requires an active operating traditional artisan or craftsperson.

How to apply

  1. Online Registration & Verification

    Register on the PM Vishwakarma portal at a CSC and complete three-step verification (Gram Panchayat, District, and Screening Committee).

  2. Skill Training & Toolkit Incentives

    Undergo 5-7 days of basic skill training with a ₹500 daily stipend, and receive a ₹15,000 e-voucher for toolkits.

  3. Collateral-free Loan Access

    Apply for the first credit tranche of up to ₹1 Lakh, followed by a second tranche of up to ₹2 Lakh upon successful repayment.

Sources

Additional Details

The Pradhan Mantri Vishwakarma Kaushal Samman Yojana (PMVKSY / PM Vishwakarma) is a central sector scheme designed to support traditional artisans and craftspeople across 18 designated trades. It provides end-to-end support including skill upgradation (basic and advanced training with a daily stipend), toolkit e-vouchers up to ₹15,000, collateral-free credit support up to ₹3 Lakh at an interest rate of 5%, and marketing/brand promotion assistance.

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