PM Vishwakarma 2.0 — Expected Changes and Updates
CONFIRMED: PM Vishwakarma Phase 1 (Current Scheme)
The following details are officially confirmed from pmvishwakarma.gov.in and the official scheme guidelines:
| Detail | Confirmed Value |
|---|---|
| Launch date | September 17, 2023 (Vishwakarma Jayanti) |
| Ministry | Ministry of MSME (MoMSME) |
| Outlay | Rs 13,000 crore (FY 2023-24 to FY 2027-28) |
| Trades covered | 18 family-based traditional trades |
| Toolkit grant | Rs 15,000 (one-time) |
| Training stipend | Rs 500/day |
| First loan tranche | Rs 1,00,000 (18 months, 5% interest) |
| Second loan tranche | Rs 2,00,000 (30 months, 5% interest) |
| Digital incentive | Rs 1 per transaction (max 100/month) |
| Applicants registered | 30,00,000 (target achieved Sept 2025) |
| Completed basic training | 24,37,459 |
| Received modern toolkit | 18,15,996 |
| Loan sanctions | 6,19,764 |
| Total loan amount sanctioned | Rs 53,16,40,92,898 |
| Digital incentive recipients | 8,11,855 |
| Digital incentive disbursed | Rs 42,62,69,602 |
Source: pmvishwakarma.gov.in, accessed September 14, 2026
REPORTED — NOT YET OFFICIAL: PM Vishwakarma 2.0
⚠️ IMPORTANT DISCLAIMER: The following information is based on news reports and media speculation, NOT on any official government notification. As of September 14, 2026, no PIB press release or official portal update confirms these details. Please verify at pmvishwakarma.gov.in before making any decisions.
The following changes have been reported by media but are not officially confirmed:
| Reported Change | Source | Status |
|---|---|---|
| Launch on September 17, 2026 (Vishwakarma Jayanti) | Business Standard | Reported — "expected" |
| Expanded to 25 trades (up from 18) | SarkariJobWala, LinkedIn posts | Reported — NOT on official portal |
| Rs 15,000 crore outlay for Phase 2 (3 years) | SarkariJobWala | Reported — NOT confirmed |
| Higher credit limits expected | LinkedIn posts | Speculative |
| Smaller-ticket loans (Rs 50K-Rs 1L) being considered | Business Standard | Under consideration — not finalized |
What we know for certain
- PM Vishwakarma Phase 1 is active and continues to accept applications
- Phase 1 targets have been met (30 lakh registrations achieved)
- The scheme runs until FY 2027-28 as per the original outlay
- No official notification for "PM Vishwakarma 2.0" has been published as of Sept 14, 2026
What to do
- If you are eligible under Phase 1: Apply now at pmvishwakarma.gov.in or your nearest CSC. Do not wait for 2.0.
- If your trade is not in the 18 listed trades: Wait for official announcement. The reported expansion to 25 trades is NOT confirmed.
- For all updates: Check the official portal regularly. We will update this page as soon as an official notification is published.
This page will be updated immediately when the Government of India publishes an official notification for PM Vishwakarma 2.0. Last verified: September 14, 2026.
Formula
**Phase 1 (CONFIRMED):** - 18 trades - Rs 1L + Rs 2L loans at 5% - Rs 15,000 toolkit - Rs 500/day stipend - Rs 13,000 crore outlay (5 years) **Phase 2 (REPORTED, NOT CONFIRMED):** - 25 trades (reported) - Higher credit limits (speculative) - Rs 15,000 crore outlay (reported) - Launch Sept 17, 2026 (reported)
Example
**Confirmed Phase 1 achievements** (as of Sept 14, 2026): - 30,00,000 applicants registered - 24,37,459 completed basic training - 18,15,996 received modern toolkit - 6,19,764 received loan sanction - Rs 53,16,40,92,898 total loan amount sanctioned - 8,11,855 received digital incentive **Phase 2** is reported but NOT officially announced. Do not make decisions based on unconfirmed reports.
How to Use
- Read the CONFIRMED section for official Phase 1 details
- Read the REPORTED section for news-based Phase 2 information
- Verify all Phase 2 claims at pmvishwakarma.gov.in before acting
- If eligible under Phase 1, apply now — do not wait for 2.0
- Check back for updates when official notification is published
Frequently Asked Questions
Has PM Vishwakarma 2.0 been officially announced?
No. As of September 14, 2026, no official notification for PM Vishwakarma 2.0 has been published on pmvishwakarma.gov.in or via PIB press release. News reports suggest it may launch on September 17, 2026 (Vishwakarma Jayanti), but this is not confirmed.
Will PM Vishwakarma 2.0 cover 25 trades?
This has been reported by some media sources (SarkariJobWala, LinkedIn posts), but it is NOT confirmed on the official portal. The official portal still shows 18 trades. Wait for an official notification before relying on this information.
Should I wait for PM Vishwakarma 2.0 or apply now under Phase 1?
If you are eligible under Phase 1 (your trade is in the 18 listed trades), apply now. Do not wait for 2.0. Phase 1 is active and accepting applications. The reported 2.0 changes are not confirmed, and waiting could mean missing out on current benefits.
Where can I check for official PM Vishwakarma 2.0 updates?
Check the official portal at pmvishwakarma.gov.in and PIB press releases at pib.gov.in. We will also update this page as soon as an official notification is published. Do not rely on unofficial sources for scheme details.