PM SVANidhi Yojana 2024- पीएम स्वनिधि योजना 2024

PM SVANidhi Yojana 2024 – You will get a loan of up to Rs 50000 to start a business, this is how you have to apply

PM SVANidhi Yojana 2024: people sell goods by putting their carts on the streets and make their living. Due to the epidemic of covid-19, many people had to leave this employment. Through PM Svanidhi Yojana, street vendors will be given a loan of up to Rs 50000 by the government to restart their employment. Along with the loan, the government will also provide subsidy so that street vendors can earn good money by doing their employment.

To make the street vendor self-reliant, the government will provide guarantee-free loans at low interest rates. The loan taken under this scheme can be repaid by the beneficiaries once. More than 50 lakh small traders of the country will get benefit from the Samman Svanidhi scheme started by the Prime Minister.  Inside this article, we will tell you complete information about this scheme. How you can take your application for this scheme and what are the eligibility for this scheme.

PM SVANidhi Yojana 2024 Overview

Scheme Name -PM SVANidhi Yojana

Started by Central Government

Beneficiary -Lower and middle class traders

Objective -To encourage small traders

How much loan will be available -Rs 10000 to Rs 50000

Application Process -Online / Offline

Official Website- pmsvanidhi.mohua.gov.in

What is Pradhan Mantri Svanidhi Yojana

PM Svanidhi Yojana was started 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 a business. Under the scheme, a loan of Rs 10,000 will be provided to the street vendors to start their business, after that a loan of Rs 20,000 will be provided in the second installment and in the third installment the loan will be increased to Rs 50,000. A subsidy of 7% on the loan given under this scheme will also be encouraged by the government.

Beneficiaries are given a loan of up to Rs 50 thousand with interest subsidy under the Pradhan Mantri Svanidhi Yojana. On repaying the loan taken under this scheme before time, the applicant is given an interest subsidy of up to 7% and he does not have to pay any penalty.

PM SVANidhi Yojana Aim

Under PM Svanidhi Yojana, the government has to make all the street vendors of the country self-reliant. There are many people in our country who start their own business due to not getting employment. But due to the epidemic of covid-19, many people had to close their business. Due to which it has become very difficult for all of them to live life.

Through PM Svanidhi Yojana, all street vendors will be encouraged to start employment by giving loans. All the street vendors will be able to restart their business by taking their loan under this scheme.  On repaying the loan taken under this scheme on time, an additional subsidy of 7% will be given by the government.

PM SVANidhi Yojana Benefits

There are many features of PM Svanidhi Yojana, some of the important ones of which we have told you below.

• No penalty will have to be paid on the loan taken under this scheme.
• Under the scheme, loans will be made available to all the small traders of the country.
• The loan of the first installment taken under the scheme can be repaid by the beneficiary within 12 months.
• Also, if a trader has taken a loan of the third installment, then it can be repaid up to 36 months.
• Digital transactions will be promoted under this scheme.

PM SVANidhi Yojana Eligibility

• PM SVANidhi Yojana is available to all street vendors of the country.
• The benefit of the scheme will be available only to Indian citizens, who do their employment by setting up a hawker.
• Street vendors must have an identity card or vending certificate issued by Urban Local Bodies (ULB).
• Street vendors were identified in the survey, but vending certificates or identity cards were not found. In such cases, a provisional vending certificate will be made for the street vendors.
• Street vendors who vend in nearby developments or rural or sub-urban areas are within the geographical limits of the LB and have been issued a letter of recommendation (LOAR) by the LB or TVC.

PM SVANidhi Yojana Important Documents

If you are also a street vendor and you want to receive the benefits under this scheme, then you must have the following documents:

• Aadhaar Card,
• PAN Card,
• Bank Passbook,
• Identity Card issued by Urban Local Bodies (ULB),
• Income Proof,
• Residence Certificate,
• Passport Size Photo etc.

How to apply for Pradhan Mantri SVANidhi Yojana (PM SVANidhi Yojana Apply Process)

To take advantage of the scheme, you can follow our following method.

• To apply in this scheme, first of all you have to go to the official website of PM Swanidhi Nidhi Yojana.
• After that, on the home page, you will get complete information about this scheme.
• There you will get three options to apply loan.
• You have to choose the loan of your choice and click on it.
• After clicking on the option of apply loan, a new page will open in front of you.
• Where you will be asked for your mobile number on the screen.
• After entering the mobile number, you have to enter your captcha code below.
• Then you have to click on Request OTP button.
• After that, after entering the OTP, you have to click on the login button.
• After this an application form will open.
• Which you have to fill carefully.
• After filling the application form properly, you have to upload all the necessary documents.
• After that, he has to take a print out of the form.
• After taking a print out, all the necessary documents have to be assembled and deposited in any of your nearest banks.
• After approval by the bank, you will be given a loan.
• In this way you can apply for this scheme by these steps.

PM SVANidhi Yojana Application Status

1. To check the application status, you first have to go to its official website.
2. After this, you have to click on Check Status button.
3. Then you will be asked for your application number and mobile number.
4. After this, you have to click on Request OTP.
5. Then you have to enter the OTP.
6. After entering the OTP, you have to click on the search button below.
7. After this your status will open in front of you.

Conclusion

Friends, in this article we have told you complete information about PM Svanidhi Yojana. Under this scheme, street vendors can start their business by taking a loan. There are many such sidewalk vendors who are unable to do their employment due to lack of capital. Under this scheme, the government will now encourage them to start business again by giving loans. So that he can earn good money by selling.

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