PM Vishwakarma Concessional Enterprise Expansion Credit: Phase 2 (₹2 Lakh @ 5%)
Second tranche collateral-free expansion loan of ₹2 Lakh at 5% interest for artisans who have successfully repaid their first tranche loan.
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Part of ₹13,000 Crore PM Vishwakarma budgetary framework
Official Budget Document ↗Rapidly expanding cohort of graduating Vishwakarma enterprise beneficiaries
As of: 2026-01-20PIB / Official Citation ↗Verified Eligibility Criteria
Artisans who have availed Tranche 1 loan, maintained standard repayment for at least 6 months, and completed advanced skill training.
Required Documents Checklist
Verify readiness before applying for PM Vishwakarma Concessional Enterprise Expansion Credit: Phase 2 (₹2 Lakh @ 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 Expansion Credit: Phase 2 (₹2 Lakh @ 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
Repay Phase 1 loan on schedule for at least 6 months or clear the balance.
- 2
Apply for Phase 2 loan of ₹2,00,000 on pmvishwakarma.gov.in.
- 3
Financing bank reviews repayment track record and digital transaction adoption.
- 4
Disburse ₹2,00,000 directly into artisan's account without mortgage or guarantor.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Default on first tranche loan, less than 6 months repayment history on tranche 1, or failure to adopt digital payment transactions.
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 can an artisan apply for the second tranche of ₹2 Lakh?
An artisan becomes eligible after maintaining a standard, delinquency-free repayment record on the first tranche loan for at least 6 months.
Source: Official Scheme FAQ ↗What is the repayment tenure for the second tranche loan?
The second tranche of ₹2,00,000 has a repayment tenure of 30 months.
Source: Official Scheme FAQ ↗Is the interest rate still 5% for the second tranche?
Yes, the artisan continues to pay only 5.0% interest; the Central Government pays the balance 8.0% as subvention.
Source: Official Scheme FAQ ↗Can I track my PM Vishwakarma Concessional Enterprise Expansion Credit: Phase 2 (₹2 Lakh @ 5%) application status?
Application status for PM Vishwakarma Concessional Enterprise Expansion Credit: Phase 2 (₹2 Lakh @ 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 Expansion Credit: Phase 2 (₹2 Lakh @ 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 Expansion Credit: Phase 2 (₹2 Lakh @ 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 on first tranche loan, less than 6 months repayment history on tranche 1, or failure to adopt digital payment transactions.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-10-19 | scheme_type | cs | Official Source ↗ |
| 2026-09-28 | initial_verification | Baseline verification of PM Vishwakarma Concessional Enterprise Expansion Credit: Phase 2 (₹2 Lakh @ 5%) guidelines, benefits, and portal integration. | Official Source ↗ |
⚖Compare with Similar Schemes
Side-by-side eligibility, benefit, and effort comparison:
Application Window & Deadlines
Continuous operation for eligible first-tranche borrowers
🛟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 Expansion Credit...
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 Micro, Small and Medium Enterprises
Udyog Bhawan, Rafi Marg, New Delhi 110011
Helpline: 011-23063800
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.