PM Vishwakarma Yojana: The Central Government’s PM Vishwakarma Yojana is proving to be a revolutionary step in taking India’s traditional arts and crafts to new heights. If you are involved in traditional occupations like shoemaking, clothing manufacturing, carpentry, or iron tool making, this scheme is a boon for you.
As of the latest update from January 2026, under this scheme, the government not only provides modern training but also a toolkit grant of ₹15,000 and an affordable, unsecured loan of up to ₹3 lakh to get started.
What is the PM Vishwakarma Yojana
Even today, millions of people in our country earn their livelihoods through their traditional crafts. However, with changing times, these artisans were falling behind due to modern machinery and the new demands of the global market. The Prime Minister Vishwakarma Yojana has been launched to bridge this gap.
The main objective of this scheme is to hone the skills of craftsmen and artisans, encourage them to use digital transactions, and empower them financially so that they can build their own large businesses. The government wants every ‘Vishwakarma’ to gain a new identity, respect, and access to modern technology in society so that their art does not disappear.
Training and Financial Assistance
Under this scheme, beneficiaries are provided with two types of training—basic and advanced. Its main focus is to teach artisans about modern machinery and new market designs. To ensure artisans do not suffer financial losses during training, the government provides a daily stipend of ₹500 directly into their bank accounts.
After successful completion of the training, the government provides ₹15,000 in the form of an e-voucher to purchase a toolkit to boost their business. This will enable you to purchase high-quality tools.
Affordable Loan Without Guarantee
Lack of funds will no longer hinder your skills. Loans under the PM Vishwakarma Yojana are not only guaranteed, but also have a very low interest rate (only 5%):
First Phase
You are given a loan of up to ₹1 lakh to submit your work, with ample repayment time of 18 months.
Second Phase
If you repay the first loan on time, you are eligible for an additional loan of ₹2 lakh to expand your unit. The repayment period is 30 months.
Who can apply
The government has included 18 different traditional occupations in this scheme. If you work in any of the following occupations, you can take advantage of this golden opportunity:
- Carpenters, boat builders, and weapon makers.
- Blacksmiths, locksmiths, and hammer/toolkit makers.
- Goldsmiths, potters, sculptors/stone carvers.
- Cobblers, masons, and basket/mat/broom makers.
- Doll and traditional toy makers, barbers, and garland makers.
- Washermen, tailors, and fishnet makers.
Pay attention to these things before applying
To benefit from the scheme, it is crucial to apply with the correct information. Beneficiaries must be over 18 years of age, and no family member must be in government service. You must have an Aadhaar card, a bank passbook, and an active mobile number. Be sure to check your eligibility before applying, as a complete application with the correct information will not only increase your income but also give your work new recognition.