PM Vishwakarma Pension Scheme: The PM Vishwakarma Pension Scheme is a visionary step by the Government of India to offer old-age financial security to traditional artisans and craftsmen. This scheme ensures that eligible individuals from various trades like carpentry, tailoring, and pottery receive a fixed monthly pension of ₹3,000 after reaching 60 years of age. Designed specifically for the unorganised sector, this initiative supports workers who typically lack access to retirement benefits like EPFO or other pensions.
Important Points of Vishwakarma Scheme
| Criteria/Feature | Details |
|---|---|
| Pension Amount After 60 | ₹3,000/month |
| Age to Apply | 18–40 years |
| No. of Eligible Professions | 18 traditional trades |
| Govt. & Worker Contribution | Equal monthly contribution |
| Application Mode | Online + CSC Biometric Verification |
| Linked Documents Required | Aadhaar, Bank Details, Proof of Trade |
Eligibility For this Pension Plan
To qualify for the scheme, individuals must be between 18 to 40 years and involved in one of the 18 traditional occupations identified by the government. Applicants must also have a valid Aadhaar-linked bank account and should not be taxpayers. This ensures the scheme reaches those who need it most — low-income traditional workers in rural and semi-urban regions.
How the Contribution Model Works
The Vishwakarma Scheme is a co-contributory pension system where both the beneficiary and the government deposit equal amounts each month. Depending on the age of entry, monthly contributions range from ₹55 to ₹289. These funds accumulate until the beneficiary turns 60, post which they receive ₹3,000/month. The contributions are auto-debited from the worker’s bank account to ensure convenience and transparency.
Simple and Accessible Application Process
Applying for this pension is straightforward. Interested workers can register online through the official portal using their Aadhaar-linked mobile number. The process includes biometric verification at the Common Service Centre (CSC), and submission of basic documents such as age proof, profession certificate, and bank details. Once verified, the monthly contribution begins automatically.
Why This Scheme Stands Out
Unlike other pension plans, the PM Vishwakarma Scheme is targeted specifically at traditional professions, which often remain overlooked. With a biometric and digital verification process, the scheme ensures transparency and zero leakages. More importantly, it uplifts thousands of skilled workers who contribute significantly to India’s heritage and rural economy.
Don’t Miss the Deadline – Enroll Early for Maximum Benefit
This scheme may have limited budget allocations, making early enrollment crucial. Starting contributions at a younger age reduces your monthly burden and ensures higher returns at retirement. For those without formal pension coverage, this is a golden opportunity to secure financial freedom in old age.
Vishwakarma Scheme – FAQs
Yes, the scheme is specifically for self-employed artisans and craftsmen in informal sectors.
The missed amount can usually be paid in the following month, but regular payments are encouraged for full benefits.
No, the ₹3,000 monthly pension is tax-free.