Govt Scheme Offers ₹500 Daily and ₹3 Lakh Loan Without Guarantee — See Who Can Apply

The Indian government runs a wide range of schemes to support its citizens, especially those from underprivileged or traditional artisan backgrounds. One such initiative launched in 2023 is the PM Vishwakarma Scheme, aimed at uplifting traditional craftsmen and workers by providing financial aid, training, and loans — all without requiring any collateral.

If you or someone you know is engaged in a traditional craft or skill-based occupation, this scheme could be a game-changer.

🧵 What is PM Vishwakarma Yojana?

The PM Vishwakarma Kaushal Samman Yojana (PMVKSY) is designed to support 18 traditional occupations across India. These include blacksmiths, cobblers, barbers, potters, goldsmiths, masons, and more.

Under this scheme, the government not only provides free 15-day skill development training, but also gives a daily stipend of ₹500, amounting to ₹7,500 for the entire training period. After completing the training, beneficiaries also receive a ₹15,000 toolkit incentive to help them restart or upgrade their work setup.

💸 Loan Benefits Without Guarantee

Perhaps the most empowering aspect of this scheme is the collateral-free loan facility. Beneficiaries can access:

• First installment: ₹1 lakh loan at concessional interest

• Second installment: ₹2 lakh loan (after successful repayment of the first)

This provides a total financial boost of ₹3 lakh, enabling artisans to scale their business, buy equipment, or secure raw materials.

👷♂️ Who is Eligible?

The following professionals are eligible to apply:

• Potters

• Carpenters

• Tailors

• Barbers

• Goldsmiths

• Blacksmiths

• Cobblers

• Washermen

• Stone sculptors

• Basket weavers

• Locksmiths

• Toolmakers

• Doll and toy makers

• Fishing net weavers

• Traditional weapon crafters

• Masons

• Garland makers

• Statue sculptors

If you fall into one of these categories or know someone who does, you can apply online.

📲 How to Apply?

Interested applicants can register through the official PM Vishwakarma portal:
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You’ll need Aadhaar-linked mobile number, bank details, and documents confirming your occupation.

📌 Summary at a Glance Feature Benefit

Training Period	15 days
Daily Stipend	₹500/day
Toolkit Grant	₹15,000
Loan Support	₹3 lakh (no guarantee)
Eligible Trades	18 traditional crafts

✅ Final Word

The PM Vishwakarma Yojana is more than just a government handout — it’s a structured empowerment scheme to revive traditional Indian craftsmanship. With training, tools, financial assistance, and loans, artisans can not only survive but thrive.