IND PM Vishwakarma
Indian Bank's loan for traditional artisans and craftspeople who hold a PM Vishwakarma certificate and ID card, delivered under the central PM Vishwakarma scheme.
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- Cost to apply
- No processing charge, as stated on the product page
- Status
- Open
- Run by
- Indian Bank
What you get
- Up to ₹3 lakh in two parts, up to ₹1 lakh first and up to ₹2 lakh later
- First part repaid over 18 months, second part over 30 months
- No collateral and no margin
- No processing or prepayment charge
- Applicants with no credit history can apply
Who can apply
- Open to businesses in handicrafts.
- Only for artisans.
- Age 18 or over.
- The most on offer is ₹3 lakh.
- Must hold a valid PM Vishwakarma certificate and ID card and work in one of the listed traditional trades
- First part needs 5 days of basic skill training, second part needs the first repaid and digital payments or advanced training
- No similar self-employment loan such as PMEGP or Mudra in the last 5 years, unless Mudra or PM SVANidhi was repaid
- One member per family. Government employees and their families are not eligible
How to apply
- Register and get your certificate and ID card through the PM Vishwakarma portal
- Complete the basic skill training
- Apply for the loan through the PM Vishwakarma portal, naming Indian Bank
In person, nearest Indian Bank branch, after registering on the PM Vishwakarma portal
In Kerala, apply through the PM Vishwakarma portal and choose an Indian Bank branch in Kerala
Documents to keep ready
- PM Vishwakarma certificate
- PM Vishwakarma ID card
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.