PM Vishwakarma Calculator — Benefits for Traditional Artisans
Calculate your PM Vishwakarma entitlements: ₹15,000 toolkit grant (one-time DBT), ₹3 lakh collateral-free credit at 5% effective rate (8% actual − 3% govt subvention), and ₹500/day training stipend for 20 days. Compare loan EMI at 5% vs 12% market rate. See projected income increase for all 18 traditional trades — carpenter, blacksmith, goldsmith, potter, tailor, and more. Free instant results. Updated for FY 2025-26.
How to Use This Calculator
My Benefits tab
Select your trade from the 18 recognised trades, enter your years of experience and current monthly income. The calculator shows every benefit you are entitled to under PM Vishwakarma — toolkit grant of ₹15,000, collateral-free credit of ₹1L + ₹2L at 5% effective rate, training stipend of ₹500/day, digital empowerment support, and the total support value.
Loan EMI at 5% tab
Select the credit tranche (₹1 lakh or ₹2 lakh) and tenure (up to 18 months). The calculator computes your monthly EMI at the PM Vishwakarma subsidised rate of 5% and compares it with the market rate of 12%. See exactly how much you save every month and over the full tenure. Also shows how the 3% interest subvention mechanism works.
Income Impact tab
Enter your trade, current income, and experience. The calculator projects your income increase from three sources: better tools (₹15K toolkit), more working capital (₹3L credit at 5%), and skill upgradation (20 days training). See your projected monthly income, percentage increase, and 5-year earnings projection.
Share your result
Every input is encoded in the URL. Click Share to send your benefit calculation to a family member, fellow artisan, or CSC operator, or save it for reference when applying at pmvishwakarma.gov.in.
PM Vishwakarma at a Glance — FY 2025-26
How EMI & Interest Subvention Work
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
Where P = principal, r = monthly interest rate, n = number of months
Example: ₹1,00,000 at 5% for 18 months
Monthly rate r = 5% / 12 = 0.4167%
EMI = 1,00,000 × 0.004167 × (1.004167)18 / ((1.004167)18 − 1)
EMI = ₹5,820/month
Total interest = ₹5,820 × 18 − ₹1,00,000 = ₹4,760
Without PM Vishwakarma (market rate 12%):
EMI at 12% = ₹6,098/month
Total interest at 12% = ₹9,764
Interest Subvention Mechanism:
Bank charges actual rate of 8% per annum
Government credits 3% subvention to your loan account
Your effective rate = 8% − 3% = 5% per annum
Saving vs market rate (12%): ₹278/month on ₹1L loan
Example: Ramesh, Carpenter in Varanasi
Ramesh is a 32-year-old carpenter (Suthar) in Varanasi with 10 years of experience. He earns ₹15,000/month making furniture with basic hand tools. He registers for PM Vishwakarma.
Benefits Ramesh receives
Income impact for Ramesh
Ramesh pays ₹5,820/month EMI (instead of ₹6,098 at market rate), gets ₹15K in modern tools for free, earns ₹10,000 in training stipend, and increases his monthly income by 50%. Total value of PM Vishwakarma benefits exceeds ₹3.3 lakh.
18 Recognised Trades & Benefits
▶ All 18 Trades Under PM Vishwakarma
- Carpenter (Suthar/Badhai)
- Boat Maker
- Armorer / Sword & Knife Maker
- Blacksmith (Lohar)
- Hammer & Tool Kit Maker
- Locksmith (Talasakar)
- Goldsmith (Sonar/Swarnkar)
- Potter (Kumhar)
- Sculptor (Moortikar) / Stone Carver
- Cobbler / Shoe Smith (Charmakar)
- Mason (Rajmistri)
- Basket / Mat / Broom Maker
- Doll & Toy Maker (traditional)
- Barber (Nai/Hajjam)
- Garland Maker (Malakar)
- Washerman (Dhobi)
- Tailor (Darzi)
- Fishing Net Maker
▶ Benefits Summary Table
| Benefit | Amount | Details |
|---|---|---|
| Toolkit Grant | ₹15,000 | One-time DBT to bank account |
| Training Stipend | ₹500/day | 5 days basic + 15 days advanced = ₹10,000 total |
| Credit — 1st Tranche | ₹1,00,000 | At 5% effective (8% − 3% subvention), 18 months |
| Credit — 2nd Tranche | ₹2,00,000 | After repaying 1st tranche, 18 months |
| Digital Empowerment | Free | Digital payments, e-commerce onboarding |
| Marketing Support | Free | GeM listing, brand promotion, quality improvement |
▶ Eligibility Criteria
- Age: 18 years or above
- Trade: Must be working in one of the 18 recognised trades
- Employment type: Self-employed or family-based worker (not formally employed)
- Not a beneficiary of: PM-SVANidhi, PMEGP, or similar Central/State credit-linked schemes in last 5 years
- Registration limit: One member per family (family = self + spouse + unmarried children)
- Not a government employee: Government/PSU employees and their family members are not eligible
- Documents: Aadhaar card, bank account, mobile number, Gram Panchayat/ULB verification
FAQ
Step 2: Get your trade verified by Gram Panchayat (rural) or ULB/Municipal body (urban).
Step 3: Complete basic skill training (5 days) at the designated training centre.
Step 4: Receive PM Vishwakarma certificate and toolkit grant of ₹15,000 via DBT.
Step 5: Apply for 1st credit tranche (₹1L) at any scheduled commercial bank with the certificate.
Step 6: After repaying 1st tranche, apply for 2nd tranche (₹2L).
You can also register at the nearest Common Service Centre (CSC). Documents: Aadhaar, bank account, mobile number, and proof of trade.