PM SVANidhi Yojana 2024: There are many people in the country who run street vendors. These people place their carts on the streets, sell products and earn their living. Due to the Covid-19 pandemic, many people had to leave this employment. Keeping these problems in mind, the government has initiated this scheme. Through the Prime Minister Svanidhi Yojana, street vendors will be provided with a loan of up to Rs 50,000 from the government to restart their employment. In addition to loans, the government will also provide subsidies so that street vendors can earn good income by doing their own employment.
To make street vendors self-reliant, the government will provide collateral-free loans at low interest rates. Beneficiaries can repay the loan obtained under this scheme once. More than 50 lakh small traders in the country will benefit from the Samman Swanidhi scheme launched by the Prime Minister. If you are also a street vendor, then this scheme is very important for you. In this article, we will tell you complete information about this scheme. How can one apply for this scheme and what are the eligibility criteria for this scheme?
PM SVANidhi Yojana 2024 Overview
| Schema name | PM SVA Nidhi Yojana |
| began | by the central government |
| Beneficiary | middle and lower class entrepreneurs |
| Aim | encourage small traders |
| How much loan will you get? | From 10,000 to 50,000 rupees |
| application process | Online/Offline |
| official website | pmsvanidhi.mohua.gov.in |
What is Pradhan Mantri Swanidhi Yojana?
The Prime Minister Svanidhi Yojana was launched in 2020 by the Ministry of Housing and Urban Affairs. Through this scheme, the government will provide loans to street vendors as capital to start their businesses. Under the scheme, a loan of Rs. 10,000 will first be provided to the state monkeys to start their own employment, then a loan of Rs. 20,000 will be made available in the second instalment and in the third instalment the loan will be increased to Rs. 50,000. The government will also encourage a 7% subsidy on the loans provided under this scheme.
So far, more than one and a half lakh beneficiaries have received benefits under the PM government’s Svanidhi Yojana. Under the PM Svanidhi Yojana, many street vendors like hawkers, street vendors, hawkers, fruit and vegetable sellers etc. have been included. Loans will be provided to all these types of small traders without any collateral. So that they can resume their employment.
Beneficiaries are provided with loans of up to Rs 50,000 with interest subsidy under the Pradhan Mantri Swanidhi Yojana. If the loan obtained under this scheme is repaid prematurely, the applicant receives an interest subsidy of up to 7% and does not have to pay any penalty.
गरीब परिवारों को मिलेगा फ्री बिजली कनेक्शन, ऐसे करना होगा आवेदन
PM SVANidhi Yojana Objective
Under the PM Svanidhi Yojana, the government aims to make all street vendors in the country self-reliant. There are many people in our country who start their own employment business because they are not getting employment. But due to the Covid-19 pandemic, many people had to close down their businesses. So life has become very difficult for all of them. The government has started this scheme to re-employ all such people.
Through the PM Svanidhi Yojana, all street vendors will be encouraged to start work by providing them with loans. All street vendors will be able to restart their business by taking loans under this scheme. It also wants to promote digitalisation under government schemes. The government will provide an additional 7% subsidy if the loan obtained under this scheme is repaid on time.
Benefits of PM SVANidhi Yojana | benefits
There are many features of PM Svanidhi Yojana, some important ones of which we are telling you below.
- Through this scheme, the government will provide loans to street vendors to start their businesses without any collateral.
- If the beneficiary deposits the loan on time, he or she will receive an additional 7% subsidy.
- Under this scheme, if the first tranche of the loan is deposited on time, the beneficiaries will be provided a loan of Rs 20,000 under the second tranche.
- No penalty will be payable on the loan obtained under this scheme.
- Under the plan, loans will be provided to all small street traders in the country.
- The beneficiary can repay the first installment of the loan obtained under the scheme within a period of 12 months.
- While the second installment loan can be repaid in 18 months.
- In addition, if a business owner has applied for a loan in the third installment, he or she will be able to repay it in 36 months.
- Under this scheme, digital transactions will be promoted.
प्रधानमंत्री विश्वकर्मा योजना के तहत मिलेगा 3 लाख लोन और 15000 रूपये
Eligibility of PM SVANidhi Yojana
PM Swanidhi Yojana is available for all street vendors in the country. If you want to avail the benefits of this scheme, you must have the following eligibility.
- The benefit of the scheme will be available only to Indian citizens working as street vendors.
- Street vendors must have identity documents or sales certificates issued by urban local entities (ULB).
- Street vendors were identified during the survey, but no sales certificates or identity cards were found. In such cases, a provisional sales certificate will be issued to street vendors.
- Street vendors who were left out of the identification survey conducted by the ULB or who started selling after completing the survey received a Letter of Recommendation (LOAR) from the ULB or the Municipal Vending Committee (TVC).
- Street vendors, who sell in nearby housing estates or in rural or suburban areas, are located within the geographic boundaries of the LB and have received a Letter of Recommendation (LOAR) from the LB or TVC.
PM SVANidhi Yojana Important Documents
If you are also a street vendor and want to take advantage of the benefits of this plan, you must have the following documents.
- Aadhar Card,
- PAN card,
- bank book,
- Identity card issued by Urban Local Entities (ULB),
- proof of income,
- proof of address,
- Passport size photograph, etc.
फ्री सिलाई मशीन योजना में आवेदन शुरू, सभी महिलाएं यहाँ से करे आवेदन
How to apply for PM SVANidhi Yojana (PM SVANidhi Yojana Application Process)
If you are also a street vendor and set up your shop on the sidewalk, then this scheme can be helpful for you. You can get benefits by applying under this scheme. To avail the benefits of the scheme, you can follow our below method.
- To apply for this scheme, you need to first go to the official website of Prime Minister Swanidhi Nidhi Yojana.
- After that, you will get complete information about this scheme on the home page.
- There you will get three options to apply for the loan.
- You need to select the loan according to your choice and click on it.
- After clicking on the Apply for Loan option, a new page will open in front of you.
- Where you will be asked for your mobile number.
- After entering the mobile number, you need to enter your captcha code below.
- Then you have to click on the OTP request.
- After that, after entering the OTP, you need to click on the login button.
- After this, an application form will open.
- That you have to fill carefully.
- After completing the application form correctly, you must upload all the required documents.
- Finally you have to click on the submit button below.
- After that, you need to take a printout of the form.
- After taking the printout, collect all the necessary documents and deposit them at your nearest bank.
- After bank approval, the loan will be granted to you.
- This way you can apply for this scheme.
PM SVANidhi Yojana Application Status
- To check the status of your application, you will first need to visit their official website.
- After this you have to click on check status.
- You will then be asked for your application number and mobile number.
- After this you have to click on Request OTP.
- Then you have to enter OTP.
- After entering the OTP, you need to click on the search button below.
- After this, your status will be visible to you.
Conclusion
Friends, we have given you complete information about Prime Minister Swanidhi Yojana in this article. Under this scheme, street vendors can start their business by taking loans. There are many street vendors who are unable to do their work due to lack of capital. The government will now encourage them to start business again by giving them loans under this scheme. So that you can earn good income.
If you are also a street vendor, you can apply for this plan. If you liked this article, share it with your friends and family. Stay connected with our blog to read similar information continuously.
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