The PM Vishwakarma scheme, launched in September 2023, aims to support traditional artisans and craftspeople across India with collateral-free loans up to ₹3 lakh (first tranche) and ₹2 lakh (second tranche) at a concessional 5% interest rate. For a bank-ready project report, you need a detailed format covering enterprise description, raw material sourcing, production process, marketing plan, and financial projections. Key components include CMA (Credit Monitoring Arrangement) data, Debt Service Coverage Ratio (DSCR) of at least 1.25, and 5-year projected profit & loss, balance sheet, and cash flow statements. The report must justify the loan amount and demonstrate repayment capacity. This page provides the exact format, eligibility criteria, subsidy details, and a free generator to create your PM Vishwakarma project report instantly.
To apply, you must be an Indian citizen aged 18+ engaged in one of 18 traditional trades (e.g., carpenter, blacksmith, potter, tailor, barber, mason, etc.). The scheme is for individual artisans or craftspeople, not partnerships or companies. You should not have availed any other government loan under similar schemes (MUDRA, PMEGP) in the past 5 years. A valid Aadhaar, bank account, and a self-declaration of trade are required. The scheme targets those with no formal credit history; existing loan defaulters are ineligible. Proof of skill (e.g., ITI certificate, guild membership, or recommendation from local panchayat) may be needed.
The maximum project cost is ₹3 lakh for the first tranche (up to 18 months) and ₹2 lakh for the second (up to 30 months). No margin money is required from the beneficiary. The government provides a 5% interest subvention (effective interest rate ~5% p.a.) and a credit guarantee of up to 95% under CGTMSE. The loan is repaid in 60 monthly installments after a 6-month moratorium. Typical cost heads include: 40% for machinery/equipment, 30% for raw materials, 20% for working capital, and 10% for marketing/other expenses. Ensure your project report allocates costs realistically for your trade.
A complete project report requires: (1) Identity proof – Aadhaar, PAN, Voter ID; (2) Address proof – Aadhaar or utility bill; (3) Age proof – birth certificate or Aadhaar; (4) Bank statement of last 6 months; (5) Trade proof – certificate of skill or recommendation; (6) Quotations for machinery/equipment (at least 2); (7) Proof of business location (rent agreement or ownership); (8) Caste certificate (if SC/ST/OBC for priority). For the financial section, include CMA data, projected balance sheet, P&L, and cash flow for 5 years. A DSCR calculation showing ratio >1.25 is critical for bank approval.
The scheme offers: (1) Interest subvention of 5% (effective rate ~5% p.a. for women artisans); (2) Credit guarantee up to 95% (no collateral); (3) Skill upgradation training (5-7 days) with a stipend of ₹500/day; (4) Toolkit incentive of up to ₹15,000; (5) Digital transaction incentives (₹1 per transaction, capped at ₹100/month). The subsidy is not a direct cash grant but reduces the interest burden. The loan is from banks (PSU, private, RRBs) with government backstop. Ensure your project report highlights these benefits to strengthen the case.
Every report is formatted to the exact standards required by Indian banks and government departments.
Create your account in 30 seconds — no credit card needed.
Enter applicant details, select the scheme, set your loan amount.
Our AI drafts the full report with financials, projections, and CMA data in under 60 seconds.
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Built to the exact PM Vishwakarma format banks & DIC expect.
Subsidy and margin-money calculations handled automatically.
Bankable financials: CMA, DSCR ≥ 1.50, P&L, Balance Sheet, Cash Flow.
Works for any industry or city — fully editable.
Word + Excel exports; first report free, clean export ₹499.
It includes promoter profile, business description, project cost & means of finance, machinery, working capital, 5-year financial projections, CMA data and DSCR — exactly as banks and the DIC require under PM Vishwakarma.
Register free, pick the scheme & loan amount, and the AI drafts the full bank-ready report (CMA data, DSCR, 5-year projections) in under 60 seconds. First report free; clean exports ₹499.
Yes — artisan loan + toolkit is computed and shown in the means of finance and subsidy sections.
Yes, the scheme supports new and existing artisans. For new businesses, you need to demonstrate skill and a viable business plan. The project report must show how the loan will be used to start operations. Existing businesses can use the loan for expansion or working capital.
DSCR = (Net Profit + Depreciation + Interest) / (Principal Repayment + Interest). For a ₹3 lakh loan at 5% over 5 years, annual repayment is ~₹68,000. Your project report should show net profit + depreciation + interest of at least ₹85,000 annually to achieve DSCR >1.25.
Yes, several websites offer free project report generators tailored to PM Vishwakarma. They ask for basic details (trade, loan amount, location) and auto-generate a bank-ready report in PDF. Ensure the generator includes CMA data and DSCR. You can also use templates from banks like SBI or Canara Bank.