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Vishwakarma Enterprise Development Loan

Two-stage collateral-free enterprise loans of ₹1 lakh and ₹2 lakh for registered artisans, supported by a 5% concessional rate and government interest subvention.

Beneficiary rateBeneficiary pays a concessional 5% rate; Government of India interest subvention is 8%. The page also displays EBLR + 3.25% and a 12.15% effective example as at 15 February 2025.RepaymentFirst tranche 18 months; second tranche 30 months.TranchesFirst demand-loan tranche ₹1 lakh; second ₹2 lakh after satisfactory closure of the first.
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Quick eligibility check

Vishwakarma Enterprise Development Loan

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Registered artisans and craftspeople in 18 trades: carpenter, boat maker, armourer, blacksmith, hammer/tool maker, locksmith, sculptor/stone carver/stone breaker, goldsmith, potter, cobbler/shoesmith, mason, basket/mat/broom maker, doll/toy maker, barber, garland maker, washerman, tailor and fishing-net maker?

Published source: Eligible trades

2Do you meet this requirement: Beneficiary must be a registered artisan/craftsperson in one of 18 listed trades and complete the scheme's Gram Panchayat/ULB, District Implementation Committee and Screening Committee verification?

3Document checkDo you have this required document or proof: PM Vishwakarma Certificate and ID Card?

4Document checkDo you have this required document or proof: Aadhaar-based registration/authentication?

5Document checkDo you have this required document or proof: Trade and skill-verification records?

6Document checkDo you have this required document or proof: Bank KYC and enterprise-loan application?

0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible tradesRegistered artisans and craftspeople in 18 trades: carpenter, boat maker, armourer, blacksmith, hammer/tool maker, locksmith, sculptor/stone carver/stone breaker, goldsmith, potter, cobbler/shoesmith, mason, basket/mat/broom maker, doll/toy maker, barber, garland maker, washerman, tailor and fishing-net maker.View source
All 18 listed trade groups retained.
Source
Vishwakarma
Page / section
18 target groups and registration
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TranchesFirst demand-loan tranche ₹1 lakh; second ₹2 lakh after satisfactory closure of the first.View source
Both tranche amounts and sequencing reviewed.
Source
Vishwakarma
Page / section
Loan quantum
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Beneficiary rateBeneficiary pays a concessional 5% rate; Government of India interest subvention is 8%. The page also displays EBLR + 3.25% and a 12.15% effective example as at 15 February 2025.View source
Concessional rate, subvention and dated page example are all retained.
Source
Vishwakarma
Page / section
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
RepaymentFirst tranche 18 months; second tranche 30 months.View source
Both tranche tenures reviewed.
Source
Vishwakarma
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
SkillingBasic skilling is 40 hours over 5–7 days and is required for the first tranche; advanced skilling is 15 days/120 hours or more and qualifies the artisan for the second tranche.View source
Basic and advanced training rules reviewed.
Source
Vishwakarma
Page / section
Skill development/training
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Toolkit and digital incentives₹15,000 toolkit incentive after skill verification; ₹1 per digital transaction, maximum 100 transactions per month, paid through DBT/APBS.View source
Published incentive values and caps reviewed.
Source
Vishwakarma
Page / section
Toolkit and digital transaction incentives
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
CollateralThe scheme is described as collateral-free credit support; the page does not publish a separate collateral schedule.View source
Collateral-free description retained without adding unlisted security terms.
Source
Vishwakarma
Page / section
Objective and credit support
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkEBLR + 3View source
The manually reviewed product record states: “Beneficiary pays a concessional 5% rate; Government of India interest subvention is 8%. The page also displays + 3.25% and a 12.15% effective example as at 15 February 2025.”.
Source
Vishwakarma Enterprise Development Loan — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹1 lakh first tranche and ₹2 lakh second tranche
  • 5% beneficiary rate with 8% government subvention
  • 18-month and 30-month repayment tranches
  • ₹15,000 toolkit incentive
  • ₹1 per digital transaction up to 100 per month
  • Free basic and advanced skilling routes

Eligibility

  • Beneficiary must be a registered artisan/craftsperson in one of 18 listed trades and complete the scheme's Gram Panchayat/ULB, District Implementation Committee and Screening Committee verification.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Vishwakarma Certificate and Card
  • Aadhaar-based registration/authentication
  • Trade and skill-verification records
  • Bank and enterprise-loan application

Related official documents

PM Vishwakarmaofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Loan repayment estimate

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One monthly payment₹16,499sixteen thousand four hundred ninety-nine rupees
Interest paid over the full loan₹14,59,734fourteen lakh fifty-nine thousand seven hundred thirty-four rupees
Everything you repay₹39,59,734thirty-nine lakh fifty-nine thousand seven hundred thirty-four rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Portal · Published detailpmvishwakarma.gov.in

This value is copied from Vishwakarma published benefits. Check the table notes before relying on it.

Source: Vishwakarma · Complete page Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsPM Vishwakarma published benefitsView tableHide table

Scroll sideways to view every column

PM Vishwakarma published benefits
AreaPublished detail
Portalpmvishwakarma.gov.in
Loan₹1 lakh first tranche; ₹2 lakh second after satisfactory first closure
RateBeneficiary 5%; Government of India subvention 8%; page dated example +3.25%, 12.15% effective 15 Feb 2025
Repayment18 months first; 30 months second
Basic skilling40 hours over 5–7 days; requirement for first tranche
Advanced skilling15 days/120 hours or more; qualifies second tranche
Toolkit₹15,000 after skill verification
Digital incentive₹1 per transaction, up to 100 transactions per month via /APBS
MarketingNCM branding, quality certification, advertising and market-linkage support
Vishwakarma · Complete page · accessed 31 Aug 2026Open official source ↗

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