PM SVANidhi Yojana 2024: Hello friends, we are back with a new article in which we are going to talk about this new scheme launched by the government, PM Swanidhi Yojana. Friends, as you all know many people in our country are like this.
There are many people who run street vendors and sell goods on the streets and earn their living, but after the pandemic of Covid 19, there are many such people who had to leave their jobs.
Keeping these problems in mind, this scheme has been started. Through PM Svanidhi Yojana, the government will give up to Rs 50,000 to the history vendors to restart their employment. In this scheme, along with the loan, a subsidy will also be provided so that street vendors can earn a good income by doing their own jobs.
To make the people self-reliant, the government will provide guarantee-free loans at low interest rates. The loan taken under this scheme can be repaid once by the beneficiaries. About Rs 50 lakh of the country is covered by this scheme. If you also run your own business and want to avail the benefits by applying under this scheme, then with the help of today’s article we have provided detailed information about this scheme.
PM SVANidhi Yojana 2024 Overview
| Name of the scheme | PM SVANidhi Yojana 2024 |
| Started by the | Central Government |
| Beneficiary | Lower and middle-class traders |
| Objective | To encourage small traders |
| How much loan will you get? | lower and middle-class traders |
| Application Process | Online/Offline |
What is Pradhan Mantri Swanidhi Yojana?
PM 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.
To expand this scheme from its original form, money will be given in 3 installments in which a loan of Rs 10000 will be provided, after that a loan of Rs 20000 will be made available in the second installment and in the third installment the loan will be increased to Rs 50000. Along with this, the government will also provide subsidies at the rate of approximately 7% in this scheme.
PT Swanidhi Yojana Benefits
- Under this scheme, the government will provide loans to street vendors to start their businesses without any guarantee.
- Under this scheme, the government will also give a subsidy of 7%.
- Under this scheme, if the first installment of the loan is deposited on time, then a loan of Rs 20,000 will be provided to the beneficiaries under the second installment.
- You will not have to pay any kind of penalty under this scheme.
- The first installment of the loan taken under the scheme can be repaid in 12 months while the second installment can be repaid in 18 months.
- Digital loans will also be promoted under this scheme.
PM SVANidhi Yojana Eligibility
If you want to avail the benefits under this scheme then you will have to complete the minimum requirement of this scheme only then you will be able to avail yourself of the benefits of this scheme.
- Only citizens enrolled under this scheme will get its benefits.
- Street vendors were identified during the survey, but vending certificates or identity cards were not found. In such cases, a provisional vending certificate will be issued to the street vendors.
- Street vendors must have an identity card or vending certificate issued by Urban Local Bodies (ULB).
- Under this scheme, any person who works as a street vendor will get the benefit of this scheme.
PM SVANidhi Yojana Important Documents
If you want to apply for this scheme and avail its benefits then let us tell you that to apply for this scheme you need to have some required documents which are as follows:
- Aadhar card,
- PAN card,
- bank passbook,
- Identity card issued by Urban Local Bodies (ULB),
- income proof,
- Address proof,
- Passport size photo etc.
How to apply for Pradhan Mantri Swanidhi Yojana
If you want to apply for this scheme and avail its benefits then let us know that you can apply for this scheme with the help of the steps given by us.
- To apply for this scheme, first of all, you have to go to the official website of PM 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 loan.
- You have to select the loan of your choice and click on it.
- After completing the registration process you have to go to the next page.
- After this, the application form will open in front of you.
- We have to pay careful attention to all the information asked in the application form.
- After this, we have to upload all the necessary documents asked for in this scheme.
- After this, we have to click on the submit button.
- After that, he has to take a printout of the form.
- After taking the printout, collect all the necessary documents and deposit them in your nearest bank.
- After approval by the bank, the loan will be given to you.
- In this way, you can apply for this scheme.
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