PM Vishwakarma Benefits Calculator
The PM Vishwakarma Benefits Calculator shows the total monetary value of all benefits you receive under the PM Vishwakarma scheme. Beyond the loan, the scheme provides several direct financial benefits that add up significantly.
Direct monetary benefits
| Benefit | Amount | Type |
|---|---|---|
| Toolkit Incentive | Rs 15,000 | One-time grant (no repayment) |
| Training Stipend | Rs 500/day x days attended | Direct payment |
| Loan Interest Saving | 5% vs 12% market rate | Saving over loan tenure |
| Digital Transaction Incentive | Rs 1 per transaction (max 100/month) | Monthly recurring |
Indirect benefits (not monetary but valuable)
- Recognition: Certificate and Vishwakarma ID Card (government recognition of your craft)
- Skill Training: Basic (5-7 days) + optional Advanced (15 days) training
- Marketing Support: Quality certification, branding, e-commerce linkage, trade fairs, publicity
- Credit Guarantee: Government bears guarantee fees (saves Rs 2,000-5,000)
Example calculation
An artisan attending 5 days basic training, taking the first tranche loan (Rs 1L), and doing 50 digital transactions/month for 12 months:
- Toolkit: Rs 15,000
- Stipend: Rs 2,500 (5 days x Rs 500)
- Interest saving: Rs 5,346 (vs 12% market)
- Digital incentive: Rs 600 (50 x 12 x Rs 1)
- Total direct benefit: Rs 23,446
Use the calculator above (Tab 3: Benefits) to calculate your total.
Formula
**Total Direct Benefit =** Toolkit (Rs 15,000) + Stipend (training days x Rs 500) + Interest Saving (market interest - scheme interest) + Digital Incentive (transactions/month x months x Rs 1) **Note:** Marketing support and recognition are additional non-monetary benefits.
Example
**Example — Carpenter, First Tranche:** - Toolkit: Rs 15,000 - Basic training (5 days): Rs 2,500 - Advanced training (15 days): Rs 7,500 - Interest saving (Rs 1L, 18 months): Rs 5,346 - Digital incentive (80 trans x 12 months): Rs 960 **Total direct benefit: Rs 31,306** Plus: Government recognition, skill certification, marketing support, e-commerce linkage.
How to Use
- Enter the number of basic training days you plan to attend (5-7)
- Enter advanced training days (0 if not attending, up to 15)
- Enter your expected digital transactions per month (max 100)
- Enter the number of months you expect to do digital transactions
- Select your loan tranche (Rs 1L or Rs 2L)
- Click 'Calculate Total Benefits' to see the full breakdown
Frequently Asked Questions
Is the Rs 15,000 toolkit incentive a loan?
No. The toolkit incentive is a one-time grant of Rs 15,000. It does not need to be repaid. You receive modern tools relevant to your trade after completing basic training and skill verification.
How is the training stipend paid?
The training stipend of Rs 500 per day is paid directly to the artisan's bank account for each day of training attended. Basic training is 5-7 days (40 hours), and optional advanced training is up to 15 days (120 hours).
How much can I earn from the digital transaction incentive?
You receive Rs 1 per digital transaction, up to a maximum of 100 transactions per month. So the maximum is Rs 100/month or Rs 1,200/year. This incentivizes digital payments over cash transactions.
Are there any costs to join PM Vishwakarma?
No. Registration is completely free. There are no application fees, no collateral, and no credit guarantee fees. The only cost is your time for training. All monetary benefits flow to you.