How to Apply for PM Vishwakarma Loan Online: 500 daily and 3 lakh without guarantee, that too at just 5% interest rate

The objective of this scheme is to uplift the small traders and craftsmen of the country such as goldsmiths, blacksmiths, potters, tailors, sculptors, laundry etc. by providing them loans at low interest rates to increase their work. Under this scheme, applicants can get a business loan of up to Rs 3 lakh at 5% interest rate.

Not only this, the applicants are also given free skill training under this scheme. The applicant is also given Rs 500 per day during the training. Along with this, an amount of Rs 15 thousand is also given to the applicant to buy a tool kit. After completing the training, the applicant can apply for PM Vishwakarma Loan.

You can register for free by visiting the Common Service Center using the PM Vishwakarma Portal.

What is the amount of PM Vishwakarma Loan

Under the PM Vishwakarma Loan Scheme, a maximum of Rs 3 lakh is provided to the beneficiaries. And this loan is given for a total of 4 years. However, you do not get this loan amount together in two stages.

Basically, basic and advanced training is provided under this scheme. When you complete the basic training of 5 to 7 days, you are given a loan of 50 thousand to 1 lakh rupees in the first phase. You get this loan for 18 months.

Then, when you repay the loan in the first phase, maintain a standard loan account, adopt digital transactions in your business, and complete 15 days of advanced training, you get a loan of up to Rs 2 lakh in the second phase for 30 months.

Interest rate on PM Vishwakarma Loan

Under the Prime Minister Vishwakarma Loan Scheme, a maximum loan of up to Rs 3 lakh is available. The interest rate of this loan is 5% per annum. The interest subvention will be up to a limit of 8% and is paid in advance to the banks by MoMSME.

Who is Eligible for PM Vishwakarma Loan?

Before you apply for the PM Vishwakarma Loan, you should know about the eligibility required for the application. If you meet the eligibility criteria mentioned below, then only you can apply for the loan, not otherwise.

You must be at least 18 years of age.
You must be associated with one of the 18 businesses listed in the plan.
If you are taking advantage of a scheme like PMEGP, PM SVANidhi, Mudra Loan, then in that case you will not be able to take advantage of this scheme.
If you yourself or any government employee in your family, then you are ineligible for this scheme.
Only one member of your family can register and take advantage of this scheme.

Note: If you had earlier taken a loan under the Mudra Loan Scheme or Svanidhi Scheme, but now you have paid that loan, then you can apply for PM Vishwakarma Loan.

What are the documents required in PM Vishwakarma?

If you want to take a loan under the PM Vishwakarma Loan Scheme, then you will need the following documents:

Aadhaar Card Mobile Number Bank Account Statement Ration Card Bank Passbook

At least these documents are required to apply under the PM Vishwakarma Yojana. Apart from this, you may also need additional documents as per the requirement set by MoMSME.

How to register for PM Vishwakarma Yojana?

In PM Vishwakarma Yojana, you can register online sitting at home, but for that you must have a biometric device. So if you want to register in PM Vishwakarma Yojana, then for that you have to go to your nearest Common Service Center.

You just have to give the documents by going there, after which you will get complete information about the process from the Common Service Center. After completing the registration, you have to go to the designated training center and complete your training. After 5 to 7 days of basic training, you get a certificate.

Apart from this, advanced training of 15 days or more is also given. During the training, you get Rs 500 on a daily basis. And you get free food and a place to stay. After completing the training, you can also apply for PM Vishwakarma Loan.

How to Apply for PM Vishwakarma Loan Online

I am assuming that you have completed the registration under PM Vishwakarma Yojana, you have also got the ID card and certificate, you have also taken the toolkit, and you have also completed the training.

After completing the training, you will have to apply for PM Vishwakarma Loan. You can also apply online. Follow these steps to apply for a loan:

First of all, go to the official website of PM VISHWAKARMA in your browser.
After clicking on it, you will come to the official website of the scheme.
Then click on the “Login” button.
Click on the “Applicant / Beneficiary Login” option.
Enter your mobile number, captcha code and click on ‘Login. ”
After this, an OTP will come on your registered mobile number. Enter it and click on “Continue.”
After this, the complete dashboard will be opened to apply for the loan. Click on the “Edit Your Application” option.
After this, click on the “I Agree” button and select “Yes.”
After this, your form will be opened, which will contain your personal information. Check your information and save it.
Then click on “Next,” after which the form for the loan will open on your screen.
After this, enter the name of the bank from which you want to take a loan and type the IFSC code and search for the branch.
After this, enter your mobile number, go to the bottom and click on “May be later.”
After this, you have to give the details of Loan Amount, Purpose, Existing Loan, Digital Incentive and click on “Save” and “Next.”
Next, if you want a marketing sport, you have to save the information by clicking in the box below. Then click “Next.”
On the next page you have to go down a little bit. Click on the “I Agree” option and click on “Submit.”

After applying for the loan, you will get a call from the bank. After that, you have to go to the bank with the necessary documents and complete the further process for the loan.

Note: If you want to apply for PM Vishwakarma Loan offline, then you have to go to your nearest Common Service Center for that.

PM Vishwakarma Yojana 18 Category List

Under the PM Vishwakarma Yojana, loans will be given to only those people who are associated with the 18 professions mentioned in the scheme. The 18 businesses are:

Sculptors, stonemasons, artists, stone breakers, cobblers, shoemakers, carpenters, carpenters, woodworkers, washermen, tailors, blacksmiths, ironworkers, masons, masons, basket makers, mat makers, broom makers, knitters, doll makers, toy makers, hammer makers, locks makers, boat makers, fish nets makers, armour makers, goldsmiths, potters, barbers, barbers, bead makers, bead makers, etc.

The beneficiary gets the following benefits under the PM Vishwakarma Loan.

Under this scheme, basic training of 5 to 7 days is given to the beneficiary.
After the basic training, the beneficiary is given 15 days of advanced training.
Free food and accommodation will be provided during the training period.
The trainees will be paid a stipend of Rs 500 per day.
The beneficiary also gets an assistance of Rs 15 thousand to buy a tool kit.
The beneficiary also gets Re 1 per digital transaction (up to Rs 100 per month).
The beneficiary also gets a loan of up to Rs 3 lakh to expand their operations.
FAQs: PM Vishwakarma Loan

Question 1: How to take a loan under PM Vishwakarma Yojana?

Answer: To take the PM Vishwakarma loan, first register in the scheme, get the ID card and certificate, get the toolkit, complete the basic and advanced training. After completing the training, apply for the loan. If you are eligible for a loan, you will get a call from the bank.

Question 2: What is the PM Vishwakarma Yojana Rs 15,000?

Answer: Under the PM Vishwakarma Yojana, financial assistance of up to Rs 15,000 is given to the beneficiaries for purchasing the toolkit.

Question 3. When is the last date of Pradhan Mantri Vishwakarma Yojana?

Answer: At present, there is no information related to the last date of PM Vishwakarma Yojana. That is, no last date has been fixed for applying in the Pradhan Mantri Vishwakarma Yojana. You can apply for this scheme anytime till the year 2027-28.

Question 4: Where will the form of PM Vishwakarma be submitted?

Answer: To apply in PM Vishwakarma Yojana, you have to apply online by going to the nearest Common Service Center.

Question 5: What is the toll-free number of PM Vishwakarma Loan Scheme?

Answer: The government has also issued toll-free helpline numbers for the PM Vishwakarma Loan Scheme. If you want to get any information or help related to this scheme, you can call 1800.267.7777 or 17923.

Conclusion: PM Vishwakarma Loan

So friends, today we have to know the complete information related to “PM Vishwakarma Loan” in this article. I hope this article was useful for you. Apart from this, if you still have any question related to PM Vishwakarma Loan, then you can ask through the comment box.