The study of characterizing the stress concentration effects at welds is one of the most important research directions for predicting the fatigue life of welded components. Stress solutions at the weld toe obtained from conventional meshfree methods are strongly influenced by parameters used in the methods as a result of stress singularity. In this study, an improved 2D meshfree radial point interpolation method (RPIM) is proposed for stress concentration evaluation of a welded component. The stress solutions are insensitive to parameters used in the improved RPIM. The improved RPIM-based scheme for consistently calculating stress concentration factor (SCF) and stress intensity factor at weld toe are presented. Our studies provide a novel approach to apply global weak-form meshfree methods in consistently computing SCFs and stress intensity factors at welds.