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As of 16 September 2026, PM Vishwakarma had met its registration target of 30 lakh artisans and craftspeople, each registered after three-stage verification.
The scheme completes three years on 17 September 2026; the anniversary event is being held in Kolkata.
More than 6.19 lakh collateral-free loans worth about Rs 5,316 crore have been sanctioned at a concessional 5% interest rate.
Launched on 17 September 2023, it is a Central Sector Scheme covering 18 traditional trades, with an outlay of Rs 13,000 crore for FY2023-24 to FY2027-28.
Over 18 lakh toolkits and basic skill training for over 24 lakh artisans have been delivered.
Formal identity
Key: PM Vishwakarma certificate and ID card
Modernise traditional skills
Key: Basic training of 5-7 days with a stipend of Rs 500 a day
Better tools, higher productivity
Key: Up to Rs 15,000 as an e-voucher
Collateral-free working capital
Key: Up to Rs 1 lakh (first tranche, 18 months) and Rs 2 lakh (second tranche, 30 months) at 5%, with the Centre subsidising up to 8% of the interest
Push digital payments
Key: Rs 1 per eligible transaction, up to 100 transactions a month
Market linkage
Key: Onboarding on GeM, ONDC and e-commerce platforms
Nodal ministry for PM Vishwakarma
Delivers the basic skill training component
Delivers the improved toolkits to artisans' doorsteps
GS Paper II > Government schemes for vulnerable sections; GS Paper III > MSMEs
General Awareness > Credit schemes, financial inclusion
A scheme fully funded and implemented by the Union Government
The layered verification each applicant goes through before being registered under PM Vishwakarma
A government subsidy that lowers the interest rate the borrower pays; up to 8% here