PM Vishwakarma Artisan Credit Card - Tranche 2 (₹2 Lakh at 5%)
Primary Lending Institution:Ministry of Micro, Small and Medium Enterprises
Second-stage artisan expansion credit up to ₹2,00,000 at 5% interest rate over 30 months.
Requires completion of Tranche 1 with standard repayment and completion of Advanced Skill Training (15 days).
What is PM Vishwakarma Artisan Credit Card - Tranche 2 (₹2 Lakh at 5%)?
Second-stage enterprise scaling credit under PM Vishwakarma providing up to ₹2,00,000 at a fixed 5% interest rate over 30 months for artisans who maintained standard repayments of Tranche 1.
Key Benefits & Features
₹2,00,000 scaling credit at fixed 5% interest; 30 months repayment tenure; digital marketing and quality certification support; e-commerce marketplace onboarding.
8% interest subvention by MoMSME; 100% NCGTC credit guarantee
Enterprise Eligibility Criteria
Artisans who have repaid Tranche 1 loan without default and adopted digital transactions or completed advanced craft training.
How to Apply (3 Verified Paths)
Apply via PM Vishwakarma portal upon closing Tranche 1.
Apply at pmvishwakarma.gov.in using artisan credentials.
Visit financing bank with Tranche 1 closure acknowledgment.
Documents Required Checklist
Aadhaar Card, Tranche 1 repayment track record, Advanced training certificate (if completed).
Frequently Asked Questions
What is the tenure for PM Vishwakarma Tranche 2?
The repayment tenure for Tranche 2 is 30 months.
What interest rate applies to Tranche 2?
The interest rate remains capped at 5.00% fixed for the borrower, with the remainder subsidized by the Ministry of MSME.
Can the artisan use Tranche 2 to set up an artisan workshop?
Yes, funds can be used for procuring advanced machinery, expanding inventory, workshop renovation, and hiring apprentice help.
Is marketing support provided after Tranche 2?
Yes, beneficiaries receive support for listing products on Open Network for Digital Commerce (ONDC) and GeM portal.