At present, the government is bringing many schemes for the common man. One such scheme is the Pradhan Mantri Svanidhi Yojana, in which a loan of up to 10 thousand rupees will be given to those who use street vendors or carts.
What is PM Svanidhi Yojana?
The name of this scheme is Street Vendors Atmanirbhar Nidhi (PMSVANidhi). Under this scheme, roadside hawkers, street vendors, track, khomcha, dumpers can take a loan of up to 10 thousand rupees in the form of micro credit loan or micro credit facility. At the same time, no guarantee will be required to take this loan.
This loan will be given to you for 1 year. There is also a provision of subsidy in this loan. If you repay the loan ahead of time, you get interest or interest rate subsidy at the rate of 7 per cent per annum. On the other hand, if you want to repay the loan digitally, then you can also get a cashback of Rs 1200 in a year.
To take a loan, keep these things in mind:
- Your mobile number will need to be linked.
- This loan will be available to only those people who were engaged in such work on or before 24 March 2020.
- Street vendors whether urban or semi-urban, rural, can get this loan.
- You will get subsidy on the interest of this loan, which is directly transferred to the borrower’s account on quarterly basis.
- HOW TO APPLY?
- To know about this scheme, you can go to https://pmmodiyojana.in/svanidhi-yojana/ or visit pmsvanidhi.mohua.gov.in to understand the loan process.
