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Indian Finance 🇮🇳

PM Vishwakarma Eligibility — Calculations & Slabs for FY 2026-27

Check whether your artisan or craftsperson trade is listed among the 18 PM Vishwakarma trades and whether you meet the self-employment and non-MSME criteria.

Last verified: June 2026 | Source: pmvishwakarma.gov.in

1. Artisan Trade Profile

Frequently Asked Questions (FAQ)

What is the PM Vishwakarma Yojana?

PM Vishwakarma Yojana is a central government scheme launched in September 2023 to provide end-to-end support to traditional artisans and craftspeople. It offers recognition certificates, skill training, daily stipends, ₹15,000 toolkit grants, and collateral-free business loans at a concessional interest rate of 5%.

Which trades are covered under the PM Vishwakarma Scheme?

A total of 18 traditional trades are covered, including: Carpenters, Boat makers, Armourers, Blacksmiths, Hammer & Tool Kit makers, Locksmiths, Goldsmiths, Potters, Sculptors/Stone Carvers, Cobblers, Masons, Basket/Mat/Broom Weavers, Doll & Toy makers, Barbers, Garland makers, Washermen, Tailors, and Fishing Net makers.

What credit support is provided under the PM Vishwakarma Scheme?

Artisans can avail of collateral-free loans at a concessional interest rate of 5%: 1. First Tranche (Tier 1): Up to ₹1 Lakh with an 18-month repayment tenure. 2. Second Tranche (Tier 2): Up to ₹2 Lakh with a 30-month tenure, available after successfully repaying the first loan.

What are the training benefits and stipends provided?

Artisans receive a Skill Upgrade Training program divided into Basic (5 to 7 days) and Advanced (15 days or more) courses. During the training, a stipend of ₹500 per day is credited directly to the artisan's bank account. This ensures full compliance with the latest regulations, allowing you to estimate values correctly and avoid common filing errors.

Where can I verify the source data for this calculator?

You can verify the values against the official notifications listed in our data sources section at the bottom of the page.

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About This Calculator

Target Audience: Salaried taxpayers, investors & retirees planning Indian tax & wealth growth

What Does This Calculator Do?

This calculator checks if your traditional trade or craft qualifies for the PM Vishwakarma Scheme, launched to support artisans with skill training, toolkit grants, and collateral-free credit at highly concessional rates.

How to Use It

  1. Trade Details: Select your traditional craft (e.g. Carpenter, Blacksmith, Goldsmith, Cobbler, Barber).
  2. Artisan Status: Confirm if you are self-employed and work using hand tools.
  3. Credit History: Specify if you have previously taken and closed PMEGP or Mudra loans.

The Logic Explained Simply

  • The Concept: The scheme rewards 18 traditional artisan trades. One member per family can register. The applicant must be at least 18, self-employed, and not a government worker.
  • The Grants: Upon approval, you receive a Vishwakarma Certificate & ID, basic skill training (5-7 days) with a ₹500/day stipend, a toolkit grant of ₹15,000, and access to concessional credit (5% interest) in two tiers: ₹1 Lakh (Tier 1) and ₹2 Lakh (Tier 2).

Real-World Calculation Breakdown

A 40-year-old blacksmith in Bihar earning ₹1,50,000/year applies for the PM Vishwakarma Yojana.

  • Artisan Toolkit Grant: Unlocks an e-voucher of ₹15,000 for tools.
  • Skill Training Stipend: 5 days of basic training yields ₹2,500 (5 × ₹500/day).
  • Tier 1 Loan Benefit: Eligible for a ₹1,00,000 collateral-free loan at a concessional interest rate of 5.00% (saving approx. ₹7,000/year compared to a standard 12.00% market business loan).

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