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-Vishwakarma Scheme

Looking to boost your ? Bank of Baroda

Facility amountCollateral-free enterprise loan up to ₹3 lakh in two tranches: up to ₹1 lakh for 18 months and up to ₹2 lakh for 30 months.Interest rateFixed concessional rate of 5% p.a.; Government of India interest subvention to banks is up to 8% p.a.Customer typeIndian resident, self-employed traditional artisan or craftsperson aged at least 18 in one of the 18 notified trades; one member per family, with government employees excluded.
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Quick eligibility check

-Vishwakarma Scheme

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your age meet this requirement: Indian resident, self-employed traditional artisan or craftsperson aged at least 18 in one of the 18 notified trades?

Published source: Customer type

2Are you this type of customer: one member per family, with government employees excluded?

Published source: Customer type

3Do you meet this requirement: Application and registration are through the PM Vishwakarma Portal and the applicant must be KYC compliant?

Published source: Required documents

4Document checkDo you have this required document or proof: PM Vishwakarma Portal application/registration?

Published source: Required documents

5Document checkDo you have this required document or proof: KYC-compliant records?

Published source: Required documents

6Document checkDo you have at least one of these required documents: The page expressly says that a physical PM Vishwakarma certificate, ID or training proof is not required at the bank?

Published source: Required documents

7Document checkDo you have this required document or proof: it does not prescribe an additional bank-document checklist?

Published source: Required documents
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Customer typeIndian resident, self-employed traditional artisan or craftsperson aged at least 18 in one of the 18 notified trades; one member per family, with government employees excluded.View source
The official eligibility section publishes age, one-per-family, notified-trade and government-employee rules.
Source
-Vishwakarma Scheme
Page / section
Eligibility
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Facility amountCollateral-free enterprise loan up to ₹3 lakh in two tranches: up to ₹1 lakh for 18 months and up to ₹2 lakh for 30 months.View source
The official feature section publishes both credit tranches and tenures.
Source
-Vishwakarma Scheme
Page / section
Features — Credit Support
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Interest rateFixed concessional rate of 5% p.a.; Government of India interest subvention to banks is up to 8% p.a.View source
The official interest section states the fixed 5% beneficiary rate and up-to-8% government subvention.
Source
-Vishwakarma Scheme
Page / section
Interest rates & charges
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Collateral / marginCollateral-free loan with nil margin; no separate insurance for stocks/equipment is required under the stated guidelines.View source
The official feature and charge sections state collateral-free lending and nil margin.
Source
-Vishwakarma Scheme
Page / section
Features / Interest rates & charges
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Processing fee / chargesNo processing-fee amount is published on the reviewed page. It states that penal charges, where applicable, follow the Bank of Baroda service-charge schedule; toolkit and digital-transaction incentives are separate scheme benefits.View source
The charge section names penal charges under the bank service schedule but does not state a processing-fee figure.
Source
-Vishwakarma Scheme
Page / section
Interest rates & charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Turnover / vintageNot published on the reviewed official page. Eligibility is based on being a self-employed artisan or craftsperson in one of 18 notified traditional trades; no turnover, business-vintage or minimum-income figure is stated.View source
The page publishes age, family, trade and prior-loan conditions, but no turnover or business-age threshold.
Source
-Vishwakarma Scheme
Page / section
Eligibility; Complete page reviewed
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Repayment periodCollateral-free enterprise credit is released in two tranches: first tranche up to ₹1 lakh with maximum tenure 18 months; second tranche up to ₹2 lakh with maximum tenure 30 months.View source
The official credit-support section publishes ₹1 lakh/18 months and ₹2 lakh/30 months tranches.
Source
-Vishwakarma Scheme
Page / section
Features — Credit Support
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Required documentsApplication and registration are through the PM Vishwakarma Portal and the applicant must be KYC compliant. The page expressly says that a physical PM Vishwakarma certificate, ID or training proof is not required at the bank; it does not prescribe an additional bank-document checklist.View source
The page requires compliance and portal registration while removing the need to submit physical certificate, or training proof at the bank.
Source
-Vishwakarma Scheme
Page / section
Eligibility; Features; Interest rates & charges; Complete page reviewed
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsThe scheme is presented for eligible Indian resident artisans and craftspersons; the page publishes no state, branch-territory or other narrower geographic exclusion.View source
The eligibility text begins with Indian resident self-employed artisans/craftspersons and gives no narrower territory restriction.
Source
-Vishwakarma Scheme
Page / section
Eligibility; Complete page reviewed
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Documents the bank lists

  • Vishwakarma Portal application/registration
  • -compliant records

Related official documents

PM-Vishwakarma Scheme — official product pageofficial-product-page · current · accessed 30 Aug 2026
↗

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One monthly payment₹16,499sixteen thousand four hundred ninety-nine rupees
Interest paid over the full loan₹14,59,734fourteen lakh fifty-nine thousand seven hundred thirty-four rupees
Everything you repay₹39,59,734thirty-nine lakh fifty-nine thousand seven hundred thirty-four rupees

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Purpose · Published detailGovernment-backed support for self-employed artisans and craftspeople in 18 notified traditional trades

This value is copied from -Vishwakarma Scheme — complete published terms. Check the table notes before relying on it.

Source: -Vishwakarma Scheme · Benefits; Features; Eligibility; Credit support; Interest rates & charges Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 12 rows · 2 columnsPM-Vishwakarma Scheme — complete published termsStructured capture of all material terms on the official PM-Vishwakarma page.View tableHide table

Scroll sideways to view every column

PM-Vishwakarma Scheme — complete published terms
TermPublished detail
PurposeGovernment-backed support for self-employed artisans and craftspeople in 18 notified traditional trades
Age / familyIndian resident; at least 18 years; one member per family; government employees and their families excluded
Prior borrowingNo similar Central/State self-employment loan in the preceding 5 years, subject to the published exceptions for fully repaid /SVANidhi accounts
Credit supportCollateral-free enterprise loan up to ₹3 lakh in two tranches
Tranche 1Up to ₹1 lakh; maximum tenure 18 months
Tranche 2Up to ₹2 lakh; maximum tenure 30 months
RateFixed beneficiary rate 5% p.a.; Government interest subvention up to 8% p.a.
Margin / securityNil margin; collateral-free; no separate insurance for stocks/equipment under the stated guidelines
BenefitsToolkit incentive up to ₹15,000; digital-transaction incentive ₹1 per transaction for up to 100 transactions per month; recognition, training and marketing support
ApplicationApply through the Vishwakarma Portal; applicant must be compliant
Bank documentsPhysical certificate, or training proof is not required at the bank; no additional checklist is published
ChargesNo numeric processing fee published; penal charges follow the Bank of Baroda service-charge schedule
  • The official page also lists 18 eligible trades and portal-based registration conditions.
-Vishwakarma Scheme · Benefits; Features; Eligibility; Credit support; Interest rates & charges · accessed 30 Aug 2026Open official source ↗

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