**Executive Summary**
The National Steering Committee (NSC) for the PM Vishwakarma scheme has approved several proposals and policy measures to improve loan sanctions and disbursements. The Ministry of MSME is working with the Department of Financial Services (DFS) to improve loan approval under the scheme. Key actions include revisiting pending applications and offering lower small-size loans. The goal is to provide further benefits such as skill training, loans and toolkits.
**Key Points / Main Content**
* **Loan Improvements and Approvals:**
* Revisiting pending loan applications.
* Offering lower small-size loans from Rs. 50,000 to Rs. 1,00,000 to reduce EMI burden.
* Ensuring bank participation in awareness camps sanctioned in 716 districts till March 2026.
* Mandating presence of bank officials at skill training centers for financial advice.
* **Addressing Loan Rejections:**
* A mechanism exists to escalate and review rejected loan applications.
* Banks are directed to obtain written undertakings from beneficiaries declining loans.
* Banks are directed to constitute committees to review and re-contact rejected applicants.
* **Beneficiary Outreach:**
* Efforts to reach the maximum number of beneficiaries to avail loans.
* Text messages in 12 regional languages and calls from the MSME call center to potential beneficiaries.
* Option for those initially not interested to apply for loans through the PM Vishwakarma portal or CSC.
* **Application Verification Process:**
* Three-step verification: Gram Panchayat/ULB level, District Implementation Committee (DIC), and Screening Committee (MSME-DFO).
* **Marketing and Sales Support:**
* Providing marketing support to PM Vishwakarma beneficiaries, including participation in trade fairs and state-level exhibitions.
* Online marketing support through platforms like ONDC, Fabindia, Meesho, GeM.
* A national-level trade fair in Delhi Haat is scheduled.
* Plans to add value to PM Vishwakarma products through design, branding, and packaging improvements.
* Establishment of PMV Emporium/Haat at prominent cities.
* **Target Completion:**
* Verification and registration of 30 Lakh artisans/craftspeople has been successfully completed.
* Coverage target for 30 Lakh beneficiaries approved for the period FY 2023-24 to FY 2027-28.
**Impact Analysis**
**PM Vishwakarma Beneficiaries**
* **Impact:** Improved access to loans, reduced EMI burden, marketing support, and opportunities for skill training and toolkit incentives.
* **Action Required:** Consider applying for loans through the portal or CSC if initially declined, and participate in awareness camps and training programs.
**Banks**
* **Impact:** Requirement to participate in awareness camps, review rejected applications, and obtain written undertakings from those declining loans.
* **Action Required:** Implement committees for application review and contact rejected applicants.
**Ministry of MSME and DFS**
* **Impact:** Enhanced coordination to improve loan approvals and beneficiary outreach.
* **Action Required:** Continue to work together to reach the target beneficiaries and streamline the application process.
Key Entities Referenced
PM Vishwakarma scheme: A scheme focused on improving loan sanctions and disbursements for artisans and craftspeople.
National Steering Committee (NSC): The apex body responsible for implementing the PM Vishwakarma scheme.
Ministry of Micro, Small and Medium Enterprises (MSME): The primary ministry involved in working with the Department of Financial Services (DFS) to improve loan approval under the PM Vishwakarma scheme.
Department of Financial Services (DFS): Works in coordination with the Ministry of MSME to improve loan approval under the PM Vishwakarma scheme.
Ministry of Micro,Small & Medium Enterprises
National Steering Committee (NSC) for PM
Vishwakarma scheme approves several
proposals and policy measures to improve loan
sanctions and disbursements
Ministry of MSME working in close coordination with
Department of Financial Services (DFS) to improve loan
approval under PM Vishwakarma
प्रव तथ: 11 DEC 2025 2:34PM by PIB Delhi
National Steering Committee (NSC) is the apex body for implementation of the PM Vishwakarma
scheme. Meetings of the National Steering Committee (NSC) are co-chaired by Secretary, Ministry of
Skill Development and Entrepreneurship (MSDE), Secretary, Ministry of Micro, Small and Medium
Enterprises (MSME) and Secretary, Department of Financial Services (DFS). The last NSC meeting was
held on 10.10.2025, wherein several proposals and policy measures were approved inter-alia finalizing
eligibility criteria for Advanced Skill Training, measures to improve loan sanctions and disbursements
such as revisiting pending applications, offering lower small-size loans ranging from Rs. 50,000 to Rs.
1,00,000 to reduce EMI burden significantly, ensuring bank participation in awareness camps sanctioned
in 716 districts till March, 2026 and mandating the presence of bank officials at skill training centres one-
day during skill training for financial advice.
Mechanism to escalate and review loan applications rejected at the branch level exists. In order to address
high rejection rates, the Department of Financial Services (DFS) has issued advisory to banks to obtain a
written undertaking from beneficiaries who decline to avail the loan under PM Vishwakarma. Further,
Banks have also been directed to constitute committees at the administrative office level to review and re-
contact the cases rejected due to beneficiaries being unreachable or denying taking loan. Further, Ministry
of MSME is working in close coordination with the DFS, to improve loan approval under PM
Vishwakarma by trying to reach out to maximum number of beneficiaries for availing loans. Text
messages are being sent to PM Vishwakarma beneficiaries in 12 regional languages and calls are being
made from the call centre of M/o MSME and various Banks to those beneficiaries who have applied for
the loan and are not reachable or denied taking loan after applying. Also, those beneficiaries who have
initially not opted for loan, can opt for loan through PM Vishwakarma portal either themselves or through
the nearest Common Service Centre (CSC).
The applications undergo a three-step verification which includes (i) Verification at Gram Panchayat
Urban Local Body (ULB) level. (ii) Verification (Vetting and Recommendation) by the District
Implementation Committee (DIC) chaired by District Collector (iii) Approval by the Screening Committee
headed by an officer from MSME Development and Facilitation Office (MSME DFO), member from
State/UT level Bankers' Committee (SLBC) and a member from MSDE Against the target of coverage of
30 Lakh beneficiaries approved for a period of 5 years (FY 2023-24 to FY 2027-28), the process ofverification and registration of 30 Lakh artisans/craftspeople has been successfully completed under the
scheme so that further benefits such as skill training, loan, toolkit incentive marketing support etc may be
provided to the PMV beneficiaries well within the time frame of PM Vishwakarma scheme.
Under the scheme, PM Vishwakarma beneficiaries across the country are being provided with marketing
support including participation in trade fairs, state level exhibitions etc to showcase, display and sell their
handicrafts Also, online marketing support is being provided to PM Vishwakarma beneficiaries through
various e-commerce platforms like ONDC Fabindia, Meesho, GeM etc to promote online sale of their
products. A national level trade fair/exhibition in Delhi Haat has been scheduled for PMV beneficiaries
across States/UTs to promote market linkages, display and sale of products, B2B/B2C engagement for
artisans and also to have national/international visibility. Further, Ministry of MSME is planning to ensure
value addition of PM Vishwakarma products through designing, diversification branding and packaging
etc through National Institute of Design (NID) Indian Institute of Packaging (IIP), Institute of Rural
Management Anand (IRMA). Also, to ensure dedicated sale points of PM Vishwakarma products,
Ministry of MSME is going to establish PMV Emporium/ Haat at prominent cities, across the country in
near future.
This information was given by the Minister of State for Micro, Small and Medium Enterprises (Sushri
Shobha Karandlaje) in a written reply in Lok Sabha today.
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AKS
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