PM Vishwakarma Yojana 2024: Vishwakarma Yojana Registration, Interest Rate, Benefits, Eligibility

PM Vishwakarma Yojana 2024: Under the PM Vishwakarma Kaushal Samman Yojana, more than 1.37 crore people have applied so far (March 2024) and 6,31,360 applications have been successfully registered. The government is providing a loan of Rs 3 lakh under this scheme. This loan is available at an interest rate of only 5%.

In this scheme, 18 areas related to sculptors, barbers, boatmen who carve stone idols have been included. To take advantage of this scheme, you have to register. This can be done both online and offline. The scheme will continue till 2027-2028. Online registration can be done at https://pmvishwakarma.gov.in or through the websites of the state governments. Do you know who is eligible for this scheme, what documents will be needed, what is the process of applying, what is the interest rate on the loan?

What is PM Vishwakarma Yojana?

Vishwakarma Kaushal Samman Yojana or Vishwakarma Shram Samman Yojana is one of the ambitious schemes of the Government of India. Rs 13,000 crore has been allocated for the scheme. PM Vishwakarma Certificate and ID card will be provided to artisans, craftsmen etc. coming under the PM Vishwakarma Yojana. Registration for this is free.

People registering under this scheme will not only be given training, but they will also be able to take loans at a low interest rate. At the end of the training, 15 thousand rupees will be given to buy tools. Apart from this, the first Rs 1 lakh will be given at the interest of 5 percent, then a loan of Rs 2 lakh will be given in the second installment if needed.

PM Vishwakarma Yojana – Who will get the benefit of Vishwakarma Scheme?

It is necessary to be a citizen of India for PM Vishwakarma Yojana. The age of the applicant should be more than 18 years and less than 50 years. However, government employees are not eligible for the scheme. People working in the following sectors can take advantage of the Vishwakarma Shram Samman Yojana:

1. Carpenter (Suthar)
2. Boat Maker
3. Armourer
4. Blacksmith (Lohar)
5. Hammer and Tool Kit Maker
6. Locksmith
7. Goldsmith (Sonar)
8. Potter (Kumhaar)
9. Sculptor (Moortikar, stone carver), Stone breaker
10. Cobbler (Charmkar)/Shoesmith/Footwear artisan
11. Mason (Rajmistri)
12. Basket/Mat/Broom Maker/Coir Weaver
13. Doll & Toy Maker (Traditional)
14. Barber (Naai)
15. Garland maker (Malakaar)
16. Washerman (Dhobi)
17. Tailor (Darzi)
18. Fishing Net Maker

PM Vishwakarma Yojana: Eligibility criteria

The following are the eligibility and conditions for PM Vishwakarma Yojana:

• Those working in one of the 18 traditional occupations mentioned above can also apply for this scheme.
• The applicant must be 18 years of age at the time of registration.
• The applicant should not have taken a loan under Central / State-based similar schemes such as PM SVANidhi, PMEGP, MUDRA for self-employment or business development during the last 5 years. If the applicant has repaid their loan of Mudra and Svanidhi in full, they can apply for a loan under PM Vishwakarma. The period will be calculated from the date of loan approval.
• Applicants working in any government service (Central / State) and their family members (spouse and their unmarried children) are not eligible for this scheme.
• Only one member of the family will get the benefit of this scheme.

PM Vishwakarma Yojana: Application Fees

• General / OBC / EWS: Rs. 0/-
• SC / ST / PH: Rs. 0/-

PM Vishwakarma Yojana: Age Limit

• Minimum Age: 18 Years
• Maximum Age: 50 Years

Applications for PM Vishwakarma Yojana so far (March 2024) 

applications for Vishwakarma Yojana	1,37,11,978
Verification for 1st Stage	49,74,433
Verification for Stage 2	19,85,896
Verification for Stage 3	6,87,418
Number of people registered for Vishwakarma Yojana	6,31,360

Interest rate on PM Vishwakarma Yojana (2024)

Under this scheme, people will be given loans at a concessional rate of interest. The interest rate is 5%. In the first phase, people will be given a loan of one lakh rupees, while in the second phase, a loan of up to 2 lakh rupees can be taken.

Interest rate	5% per annum
Loan amount	up to Rs 3 lakh
Loan term	up to 4 years

PM Vishwakarma Yojana: Loan amount and repayment period

People coming under this scheme can take a total loan of up to Rs 3 lakh. Startup Enterprise Development Loan is up to Rs 1 lakh, for which a tenure of 18 months has been fixed. If any prepayment is to be done after 6 months of loan disbursement, no prepayment charges will be charged from those artisans and craftsmen.

Loan Phase Loan	Amount	Payment Period
1st Phase	Up to Rs 1 Lakh	18 Months
2nd Phase	Up to Rs 2 Lakh	30 Months

Benefits of PM Vishwakarma Yojana 2024

• The main objective of the Vishwakarma Shram Samman Yojana is to provide skill and financial help to the artisans.
• In this, the Department of Small and Medium Enterprises located at the tehsil or district headquarters will run training programs.
• There is a provision to provide financial assistance to the artisans getting training under the scheme.
• Under this scheme, farmers are given subsidy of Rs 500 per day. Also, skill training will be given for 5 days.
• There is a facility to give a grant of Rs 15,000 as toolkit incentive.

How to register online for PM Vishwakarma Yojana 2024

If you want to apply for PM Vishwakarma Yojana, then you have to follow the steps given below:

Step-1: First of all go to the official website for PM Vishwakarma Yojana https://pmvishwakarma.gov.in. Register here using your mobile number and Aadhaar card.
Step-2: Then verify your mobile number and Aadhaar card through OTP authentication.
Step-3: After the verification process, the registration form has to be filled. Name, address and business-related information will have to be entered. Then fill out the application form.

Step-4: Then you can download the digital ID and Vishwakarma Yojana certificate.
Step 5: After this, log in to the PM Vishwakarma Yojana Portal using the credentials. If you want, you can apply for different scheme components on the portal. Then you have to upload the documents here according to the scheme details.
Step 6: After that, you have to submit the application form.
Step 7: Now your application will be verified by the official. You will be able to get the loan after the verification process is completed.

Keep in mind: Artisans and craftsmen can register and apply for the PM Vishwakarma Yojana by visiting their nearest Common Service Centre (CSC).

How to apply for Vishwakarma Shram Samman Yojana UP

If you live in UP, then you can apply for it by visiting the website of Industry and Enterprise Promotion. For this, the following steps have to be followed:

Step-1: Visit the official website of Uttar Pradesh Government’s Udyog and Udyam Protsahan (https://diupmsme.upsdc.gov.in/).
Step-2: On the home page, you will see the option of Vishwakarma Shram Samman Yojana, UP. However, you have to first register by going to the option of New User Registration.

Step-3: Now you have to enter and upload the necessary information in the registration form such as the name of the scheme, name of the applicant, state, district, date of birth, mobile number, father’s name, email ID, photo, documents, etc. Also, keep in mind that all uploaded documents should be clearly visible on the site.

Step-4: Be sure to check all the information once you’ve entered it. If everything is correct, then you have to click on the Submit option. Note that once submitted, you will not be able to make corrections. Also, take a print out of the application form.

PM Vishwakarma Yojana: What are the documents required?

If you want to take advantage of PM Vishwakarma Yojana, then you will need the following documents:

• Aadhar Card,
• Passport,
• PAN Card,
• Voter ID,
• Passport,
• Driving License,
• Mobile Number,
• Email ID

Pradhan Mantri Vishwakarma Yojana: Helpline number

For Pradhan Mantri Vishwakarma Yojana, you can contact 18002677777, 17923. You can click on this link (https://pmvishwakarma.gov.in/Home/ContactUs) for helpline numbers of different states.

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