PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%)
Collateral-free enterprise loan up to ₹1,00,000 at highly concessional 5% interest rate with 18-month tenure for certified traditional artisans.
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Part of ₹13,000 Crore PM Vishwakarma central outlay with 100% credit guarantee backing
Official Budget Document ↗Over 8 Lakh traditional artisans sanctioned 1st tranche loans
As of: 2026-01-20PIB / Official Citation ↗Verified Eligibility Criteria
Must have successfully completed 5-7 days of basic skill training under PM Vishwakarma scheme.
Required Documents Checklist
Verify readiness before applying for PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%). Check off your papers or print this list before visiting your local CSC / Cyber Cafe.
Mandatory Documents(3)
Check off as readyKeep self-attested photocopies and clear digital scans (100 KB – 200 KB, PDF/JPG format) ready to avoid portal upload timeouts.
Worried About Application Rejection for PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%)?
Over 30% of applications on official portals get delayed or rejected due to minor certificate authority mismatches or unseeded bank accounts. Our civic research desk compiles a verified 1-page Scheme Blueprint tailored to your state and profile.
- ✓Valid issuing authority rules (Tehsildar/SDM)
- ✓Aadhaar-DBT bank seeding verification
- ✓Direct official portal guide (no middlemen)
- ✓Email delivery in 1–2 hrs during desk hours
🔒 Secure Razorpay Checkout • 100% Independent
Application Effort & Process Friction
Readiness assessment derived from official prerequisites, mandatory documentation, and submission channels.
Effort scores reflect portal accessibility, mandatory document burden, and physical verification requirements.
How to Apply
- 1
Complete Basic Skill Training and obtain PM Vishwakarma Certificate and ID Card.
- 2
Apply for Tranche 1 enterprise loan directly on pmvishwakarma.gov.in or through preferred commercial/cooperative bank.
- 3
Bank evaluates proposal without demanding any physical collateral or processing charges.
- 4
Credit guarantee fee is 100% borne by Central Government under dedicated NCGTC trust fund; ₹1,00,000 disbursed to bank account.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Non-completion of basic skill training, non-performing existing loan under government scheme, or applicant below 18 years.
Official Government Application Portal
You will be redirected to the secure official portal: pmvishwakarma.gov.in
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Get Scheme Blueprint (₹49)→Frequently Asked Questions (Officially Sourced)
Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.
What is the effective interest rate paid by the artisan?
The artisan pays only 5% simple interest per annum; the remaining interest (up to 8%) is paid directly by the Central Government as interest subvention.
Source: Official Scheme FAQ ↗Is collateral or guarantor required for the ₹1,00,000 loan?
No collateral security or third-party guarantee is required; credit risk is fully guaranteed by the Central Government through NCGTC.
Source: Official Scheme FAQ ↗Can an artisan repay the loan in less than 18 months?
Yes, pre-closure or faster repayment is permitted without any penalty or pre-payment charges.
Source: Official Scheme FAQ ↗Can I track my PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%) application status?
Application status for PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%) can typically be tracked through the official portal at pmvishwakarma.gov.in using your Aadhaar number, application reference number, or registered mobile number. Alternatively, contact the scheme helpline or visit your nearest Common Service Centre (CSC).
What should I do if my PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%) payment is delayed or rejected?
First, verify your Aadhaar-bank account seeding status on the NPCI mapper (npci.org.in). If seeding is confirmed and payment is still pending, register a complaint on the Central Public Grievance Redressal System at pgportal.gov.in. You may also file an RTI application at rtionline.gov.in to obtain official rejection reasons within 30 days.
Is there an income tax implication for receiving PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%) benefits?
Agricultural income and certain welfare subsidies may be exempt from income tax under Section 10 of the Income Tax Act, 1961. Tax treatment varies by scheme type and beneficiary income level. Consult a certified tax practitioner or visit incometax.gov.in for scheme-specific tax guidance.
Common Rejection Reasons & Warnings
Non-completion of basic skill training, non-performing existing loan under government scheme, or applicant below 18 years.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-10-18 | scheme_type | cs | Official Source ↗ |
| 2026-09-28 | initial_verification | Baseline verification of PM Vishwakarma Concessional Enterprise Loan - Tranche 1 (₹1,00,000 at 5%) guidelines, benefits, and portal integration. | Official Source ↗ |
⚖Compare with Similar Schemes
Side-by-side eligibility, benefit, and effort comparison:
Application Window & Deadlines
Continuous application upon skill verification
🛟Grievance & RTI Channels
Scheme Intelligence
How is this calculated? ↗Verified 7d ago from .gov.in source
Requires documentation or office visit
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📅Scheme Milestone Timeline
Baseline verification of PM Vishwakarma Concessional Enterprise Loan - Tranche 1...
Official Source ↗Schemes You Can Stack With This
Complementary programs with non-conflicting eligibility that you can claim concurrently:
Official Helpline & Nodal Offices
Ministry of MSME / Department of Financial Services
Udyog Bhawan, New Delhi 110011
Helpline: 1800-267-7777
Jurisdiction: NationalNotice a Discrepancy?
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Verification Metadata
Last verified by Eligo researchers on 2026-10-12 against official government documentation.
Eligo is an independent information platform unaffiliated with any government body. Always confirm latest terms directly on the official portal.