PM Vishwakarma Concessional Enterprise Loan - Tranche 2 (₹2,00,000 at 5%)
Second-stage enterprise growth loan up to ₹2,00,000 at 5% interest rate with 30-month tenure for artisans maintaining disciplined repayment on Tranche 1.
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Central budget outlay under PM Vishwakarma credit guarantee mechanism
Official Budget Document ↗Over 1.5 Lakh progressive artisans graduated to 2nd tranche credit
As of: 2026-01-20PIB / Official Citation ↗Verified Eligibility Criteria
Artisans who have availed Tranche 1 loan, maintained a standard performing loan account for minimum 6 months, and adopted digital transactions.
Required Documents Checklist
Verify readiness before applying for PM Vishwakarma Concessional Enterprise Loan - Tranche 2 (₹2,00,000 at 5%). Check off your papers or print this list before visiting your local CSC / Cyber Cafe.
Mandatory Documents(2)
Check off as readySupporting / Optional Documents(1)
Keep 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 2 (₹2,00,000 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
Ensure standard repayment of the Tranche 1 loan for at least 6 months without overdue installments.
- 2
Undergo optional or advanced skill training module to upgrade craftsmanship.
- 3
Apply for Tranche 2 on pmvishwakarma.gov.in portal.
- 4
Lending bank sanctions and disburses ₹2,00,000 directly for expanding workshop premises or purchasing bulk raw material.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Default or irregular payments on 1st tranche loan, or discontinued artisan trade.
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.
When does an artisan become eligible for Tranche 2 loan?
After maintaining a standard, non-overdue Tranche 1 loan account for at least 6 months and adopting digital payment practices.
Source: Official Scheme FAQ ↗What is the repayment duration for Tranche 2?
The repayment duration is 30 months in equal monthly installments.
Source: Official Scheme FAQ ↗Does the 5% interest rate continue for Tranche 2?
Yes, the artisan pays only 5% interest; the Central Government continues to bear the remaining interest subvention up to 8%.
Source: Official Scheme FAQ ↗Can I track my PM Vishwakarma Concessional Enterprise Loan - Tranche 2 (₹2,00,000 at 5%) application status?
Application status for PM Vishwakarma Concessional Enterprise Loan - Tranche 2 (₹2,00,000 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 2 (₹2,00,000 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 2 (₹2,00,000 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
Default or irregular payments on 1st tranche loan, or discontinued artisan trade.
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 2 (₹2,00,000 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 6 months disciplined Tranche 1 repayment
🛟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 2...
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
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.