A Government of India scheme for carpenters, tailors, barbers, potters, goldsmiths and other traditional craftspeople. It gives a collateral-free loan at a concessional 5% interest, a ₹15,000 toolkit voucher and paid skill training. SABloan guides you through registration and follows up with the bank for your loan.
PM Vishwakarma is a Central Sector Scheme of the Ministry of MSME, running until 2027-28, for artisans and craftspeople who work with their hands and tools in 18 traditional trades. Registered artisans get a PM Vishwakarma certificate and ID card, skill training with a stipend, a ₹15,000 toolkit incentive, and a collateral-free loan of up to ₹3 lakh in two tranches at a concessional 5% interest — the Government of India pays the rest of the interest to the bank. It also rewards digital payments and supports marketing. Registration is done at a Common Service Centre (CSC) and verified by the Gram Panchayat or urban local body and the district committee.
| Benefit | Details |
|---|---|
| 1st loan tranche | Up to ₹1 lakh, repayable over 18 months, after basic training |
| 2nd loan tranche | Up to ₹2 lakh, repayable over 30 months, after repaying the first tranche and using digital payments |
| Interest | 5% p.a. for the artisan; the Government pays up to 8% interest subvention to the bank |
| Collateral | None — credit guarantee fee is paid by the Government |
| Toolkit | ₹15,000 e-voucher for modern tools, after basic training |
| Training | Basic training of 5–7 days and optional advanced training of 15 days, with ₹500 a day stipend |
| Recognition | PM Vishwakarma certificate and ID card |
| Digital incentive | ₹1 per digital business transaction, up to 100 transactions a month |
| Marketing | Support for quality certification, branding, e-commerce and trade fairs |
Register at a Common Service Centre with Aadhaar-based biometric verification.
The Gram Panchayat or urban local body and the district committee verify your trade and details.
Get your certificate and ID, complete basic training with stipend, and receive the toolkit voucher.
Apply for the first ₹1 lakh tranche at the bank. Repay on time to unlock the ₹2 lakh second tranche.
Registration under PM Vishwakarma is free and is done only through CSCs. SABloan guides you on eligibility and documents, and follows up with the bank once your loan application is in.
Up to ₹3 lakh in two tranches: up to ₹1 lakh for 18 months first, and then up to ₹2 lakh for 30 months after you repay the first tranche. No collateral is needed.
The artisan pays a concessional 5% a year. The Government of India pays up to 8% interest subvention directly to the bank.
Carpenter, boat maker, armourer, blacksmith, hammer and toolkit maker, locksmith, goldsmith, potter, sculptor, cobbler, mason, basket/mat/broom maker and coir weaver, traditional doll and toy maker, barber, garland maker, washerman, tailor and fishing net maker.
Registration is free and is done at a Common Service Centre (CSC) with Aadhaar biometric verification. It is then verified by the Gram Panchayat or urban local body and the district committee.
If you took a PMEGP, PM SVANidhi or Mudra loan in the last 5 years, you are not eligible — unless the Mudra or SVANidhi loan has been fully repaid.
We check your eligibility, tell you what documents you need, and follow up with the bank once your loan application is in. For bigger needs, we can also help with Mudra, PMEGP or Rajasthan state schemes. SABloan is a Direct Selling Agent; loan sanction is at the bank's discretion.
SABloan is a brand of ABFin Advisory Private Limited, acting as a Direct Selling Agent (DSA) for its partner banks; it is not a lender. PM Vishwakarma registration is free and is done only through Common Service Centres; SABloan does not register beneficiaries or charge for registration. Loans are sanctioned at the sole discretion of the lender, and benefits are approved by the Ministry of MSME, Government of India, as per the scheme guidelines in force. Details shown are a summary and may change — the official guidelines prevail.
Tell us your trade on WhatsApp — we'll tell you whether PM Vishwakarma or another scheme suits you better.
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