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PM Vishwakarma completes three years on 17 September 2026, having achieved its registration target of 30 lakh beneficiaries.
A Central Sector Scheme with an outlay of Rs 13,000 crore for FY2023-24 to FY2027-28, covering 18 traditional family-based trades.
It bundles recognition, skill training, a toolkit incentive, collateral-free credit, digital incentives and marketing support in a single framework.
Over 24.37 lakh artisans have received basic training and 6.19 lakh loans worth about Rs 5,316 crore have been sanctioned.
Beneficiaries are onboarded on the Udyam Assist Platform, entering the formal MSME ecosystem.
End-to-end support to traditional artisans and craftspeople, improving the quality and reach of their products and linking them to domestic and global supply chains.
Key: A PM Vishwakarma certificate and ID card, skill upgradation, toolkit, collateral-free credit, digital incentive and marketing support in one framework.
Provide loans up to Rs 10 lakh to non-corporate, non-farm small and micro enterprises.
Key: Launched on 8 April 2015, with three categories - Shishu, Kishore and Tarun. MUDRA borrowers who have fully repaid are eligible under PM Vishwakarma.
Micro-credit for street vendors whose livelihoods were disrupted, with handholding support.
Key: Launched on 1 June 2020 by the Ministry of Housing and Urban Affairs; collateral-free working capital of Rs 10,000, then Rs 20,000 and Rs 50,000, with a 7% interest subvention. Fully repaid borrowers are eligible under PM Vishwakarma.
Catalyse the flow of institutional credit to micro and small enterprises without collateral or third-party guarantee.
Key: Set up in 2000 jointly by the Ministry of MSME and SIDBI, with the corpus contributed by the Government and SIDBI in a 4:1 ratio.
Bring Informal Micro Enterprises into the formal MSME fold.
Key: Launched on 11 January 2023 with SIDBI as implementing agency, for enterprises without GSTN; its certificate is treated on par with Udyam Registration for Priority Sector Lending.
A single national platform for public procurement of goods and services.
Key: Launched on 9 August 2016 under the Ministry of Commerce & Industry; PM Vishwakarma artisans are onboarded on it alongside ONDC and private marketplaces.
| Aspect | PM Vishwakarma | PM MUDRA Yojana | PM SVANidhi |
|---|---|---|---|
| Launched | 17 September 2023 | 8 April 2015 | 1 June 2020 |
| Target group | Artisans and craftspeople in 18 traditional trades | Non-corporate, non-farm micro and small enterprises | Street vendors |
| Credit ceiling | Rs 3 lakh in two tranches | Rs 10 lakh under Shishu, Kishore and Tarun | Rs 10,000, then Rs 20,000 and Rs 50,000 |
Nodal ministry for PM Vishwakarma; also a settlor of CGTMSE along with SIDBI.
Implementing agency for the Udyam Assist Platform and the institution that jointly set up CGTMSE with the Ministry of MSME.
The sole channel through which PM Vishwakarma applications may be submitted.
Onboarding beneficiaries on the Udyam Assist Platform gives them a certificate treated on par with Udyam Registration, which is what unlocks Priority Sector Lending classification for their credit.
The scheme was launched on 17 September 2023 and marks its anniversary on Vishwakarma Jayanti, the day traditionally dedicated to Lord Vishwakarma as the divine architect and craftsman, linked to Kanya Sankranti.
Beyond e-commerce, artisans are placed through One Station One Product outlets at railway stations and, in partnership with the Ministry of Civil Aviation's AVSAR scheme, at airports including Bhopal and Chandigarh.
GS Paper 2 > Governance > Welfare Schemes for Vulnerable Sections
General Awareness > Government Schemes
General Awareness > Priority Sector Lending and Credit Schemes
A scheme fully funded and implemented by the Central Government, as distinct from a Centrally Sponsored Scheme shared with States.
The three pillars of PM Vishwakarma - recognition, capability and prosperity for traditional artisans.
Government payment of part of the interest on a loan; here 8%, which brings the artisan's effective rate down to a fixed 5%.
A micro enterprise without GSTN registration, which can be formalised through the Udyam Assist Platform.