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IOB Vishwakarma Loan

A two-tranche term-loan route for eligible traditional artisans, with published tranches up to ₹1 lakh and ₹2 lakh.

Published loan tranchesFirst tranche up to ₹1 lakh; second tranche up to ₹2 lakh after closure of the first tranche and at least 6 months from its disbursement.Customer typeArtisans/craftspeople in one of the 18 listed traditional trades, working in the unorganised sector on a self-employed basis.
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IOB Vishwakarma Loan

0 of 4 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.

1Are you this type of customer: Applicant must be at least 18, self-employed in a listed traditional trade, must not have taken a similar central/state government credit scheme in the previous 5 years, and only one family member may apply?

Published source: Eligibility

2Do you meet this requirement: First-tranche skill verification and basic training are stated?

Published source: Eligibility

3Do you meet this requirement: second tranche requires eligible digital transactions or advanced skill training?

Published source: Eligibility

4Are you this type of customer: Artisans/craftspeople in one of the 18 listed traditional trades, working in the unorganised sector on a self-employed basis?

Published source: Customer type
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✓ Manually checked 29 Sept 2026 · active
Offered byIndian Overseas Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

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Published loan tranchesFirst tranche up to ₹1 lakh; second tranche up to ₹2 lakh after closure of the first tranche and at least 6 months from its disbursement.Effective 2 May 2026View source
The source gives first and second tranche maxima; the second follows closure of the first and at least six months after its disbursement, with skill-verification/training or digital-transaction/advanced-training conditions.
Source
IOB Credit Schemes At A Glance
Page / section
Vishwakarma row; HTML lines 679–682
Accessed
29 Sept 2026
Confidence
high
Open official source ↗
EligibilityApplicant must be at least 18, self-employed in a listed traditional trade, must not have taken a similar central/state government credit scheme in the previous 5 years, and only one family member may apply. First-tranche skill verification and basic training are stated; second tranche requires eligible digital transactions or advanced skill training.Effective 2 May 2026View source
This summarizes the age, trade, prior-scheme, family and tranche conditions shown in IOB's listing; confirm details against the current scheme guideline and IOB application route.
Source
IOB Credit Schemes At A Glance
Page / section
Vishwakarma row; HTML lines 679–682
Accessed
29 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsApplicant must be at least 18, self-employed in a listed traditional trade, must not have taken a similar central/state government credit scheme in the previous 5 years, and only one family member may apply. First-tranche skill verification and basic training are stated; second tranche requires eligible digital transactions or advanced skill training.View source
The manually reviewed product record states: “Applicant must be at least 18, self-employed in a listed traditional trade, must not have taken a similar central/state government credit scheme in the previous 5 years, and only one family member may apply. First-tranche skill verification and basic training are stated; second tranche requires eligible digital transactions or advanced skill training.”.
Source
IOB Vishwakarma Loan — official product page
Page / section
Published product metadata
Accessed
29 Sept 2026
Confidence
high
Open official source ↗
Customer typeArtisans/craftspeople in one of the 18 listed traditional trades, working in the unorganised sector on a self-employed basis.View source
The manually reviewed product record states: “Artisans/craftspeople in one of the 18 listed traditional trades, working in the unorganised sector on a self-employed basis.”.
Source
IOB Vishwakarma Loan — official product page
Page / section
Published product metadata
Accessed
29 Sept 2026
Confidence
high
Open official source ↗

Related official documents

IOB MSME Credit Schemes At A Glance — complete visible scheme list and summariesofficial-product-catalogue-and-summary-table · catalogue-reviewed-summary-table-not-yet-mapped · accessed 29 Sept 2026
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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

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IOB Machinery Add On · Customer / purpose and published termsExisting borrower under sole, multiple or consortium banking; good track record and existing limit sanctioned by Branch/RO/CO; term loan for plant/machinery/equipment after 12 months from first disbursement.

This value is copied from IOB Credit Schemes At A Glance — all 23 listed schemes. Check the table notes before relying on it.

Source: IOB Credit Schemes At A Glance · Complete visible table, HTML lines 667–699 Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 23 rows · 2 columnsIOB MSME Credit Schemes At A Glance — all 23 listed schemesA concise transcription of every scheme row and all decision-useful facts visible in IOB's shared catalogue summary. Each amount/condition remains subject to the individual product page and current governing documents.View tableHide table

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IOB MSME Credit Schemes At A Glance — all 23 listed schemes
SchemeCustomer / purpose and published terms
IOB Machinery Add OnExisting borrower under sole, multiple or consortium banking; good track record and existing limit sanctioned by Branch/RO/CO; term loan for plant/machinery/equipment after 12 months from first disbursement.
Easy SchemeNew/existing borrowers; individuals, proprietorships, partnerships, trusts, and private limited companies; minimum above ₹20 lakh, no ceiling stated; free credit card; no stock/book-debt statements stated; short-term demand-loan option.
Insta FundExisting standard accounts under sole/multiple banking; excludes SMA-1/SMA-2 in the previous 6 months; named legal forms include individuals, proprietorships, partnerships, societies, trusts, and private/public limited companies; up to ₹25 crore; 10% margin stated; accounts with credit-guarantee cover included.
Gold (Jewel Loan)Individuals/proprietors/partners of , professionals, self-employed customers and artisans, primarily manufacturing/services; ₹25,000 minimum and ₹50 lakh maximum; nil processing-charge statement up to ₹1 lakh carries an unresolved asterisk.
IOB TejasSolar investment; Udyam registration mandatory; account not SMA-2 in previous 12 months; new-borrower promoters score at least 650; above ₹20 lakh to ₹9 crore; 10% margin stated; no additional collateral for existing borrowers.
IOB Guarantee PlusNew/existing with sole banking at IOB; WC, term loan or WC term loan; excludes SMA-1/SMA-2 in previous 12 months; new-borrower promoters score at least 700; above ₹20 lakh to ₹10 crore; cover up to ₹10 crore; borrower pays coverage premium.
IOB Mahila SamriddhiGenNext women entrepreneurs; higher working capital; nil processing charge up to ₹50 lakh; 0.50% concession on applicable interest rate; no collateral up to ₹5 crore; above ₹20 lakh to ₹10 crore; cover up to ₹10 crore with premium paid by borrower.
IOB 300 DailyMicro/small manufacturing, services or retail-trade units; business needs including working capital and income-generating activities; maximum ₹2 lakh.
IOB Chartered Accountants-registered individually/jointly, proprietorship, partnership or engaged in accounting/audit-related practice; maximum ₹1.25 crore.
IOB ContractorGovernment-registered contractors executing contract works; above ₹20 lakh and up to ₹500 lakh combined fund-based and non-fund-based facility.
IOB Merchant Credit Card (M-Card)New/existing retail and wholesale traders; Udyam registration mandatory and registration if applicable; fund-based WC limit up to ₹50 lakh; card quantum is 10% of that limit or ₹5 lakh, whichever is lower.
VishwakarmaArtisans in 18 listed traditional trades, age at least 18, self-employed in the unorganised sector; no similar government credit-scheme loan in prior 5 years; one member per family; first tranche up to ₹1 lakh after skill verification/basic training; second up to ₹2 lakh after first-tranche closure and at least 6 months, subject to digital transactions or advanced training.
Prime Minister Mudra Yojana ()Micro units in the non-corporate sector engaged in non-farm income-generating activities; maximum loan quantum ₹20 lakh in this IOB summary.
IOB Pragathi-recognised startup with stable 12-month revenue suitable for debt, not in default/; unit under 10 years from incorporation; turnover not above ₹100 crore in any financial year; above ₹20 lakh to ₹50 crore.
IOB e-Working capital for business activity or expansion; existing-to-bank customer vintage at least 12 months and new-to-bank customers listed; ₹5 lakh minimum and ₹5 crore maximum.
Commercial Vehicle LoanPurchase of new commercial buses, tempos, trucks and light/heavy commercial vehicles with petrol, diesel, CNG, hybrid or electric engines; no amount stated in this row.
PMSGMBY Vendor Financing SchemeExisting solar vendors/channel partners/sub-contractors registered with MNRE/DISCOM and handling residential solar projects; MNRE-blacklisted vendors excluded; ₹10 lakh to ₹5 crore.
Restructured SVANidhi SchemeWorking-capital term loans for eligible street vendors; valid LoR/Certificate of Vending/ from ULB/TVC, or specified BDO-approved LoR; applicant at least 18; no upper age limit stated.
IOB Hospital & Equipment Finance SchemeSet-up, construction, repair, renovation or expansion of hospitals/nursing homes/clinics; medical equipment, ambulances/vans/cars; working capital; eligible -JAY/insurance receivables; diagnostic, pathology, laboratory, dialysis, IVF and Siddha centres.
Aajevika Sahayata RINNeed-based collateral-free term loan, cash credit, composite loan or working-capital demand loan for working-capital/marketing requirements; borrower definition and amounts not stated in this summary row.
Mutual Credit Guarantee Scheme for Term loan mainly for machinery/equipment; loan amount must not exceed ₹100 crore.
Cash Flow Based Lending STP; need-based collateral-free term loan or cash credit for working-capital/fixed-asset needs; no amount stated in this row.
IOB Dealer Finance SchemeNeed-based assessed amount above ₹20 lakh and up to ₹20 crore per dealer.
  • This table represents the complete visible summary rows on the bank page, not complete scheme terms. Amounts, eligibility and terms must be checked against each linked official product page and current before certification.
  • The source's asterisk attached to the Gold processing-fee statement is unresolved, so that fee is preserved here with the marker but not treated as an independently verified fee fact.
  • Source page states last updated 2 May 2026; it is a dated catalogue snapshot and should be refreshed on the scheduled review date or if the bank changes the page.
IOB Credit Schemes At A Glance · Complete visible table, HTML lines 667–699 · effective 2 May 2026 · accessed 29 Sept 2026Open official source ↗

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