PM Svanidhi Scheme: If you also do any small business and you need money, then you can get the help of 10 thousand rupees through PM Svanidhi Scheme.
Many small traders have also faced financial crisis due to Corona virus. The work of many traders has been greatly affected, including many traders like street vendors and vendors selling goods on handcarts. The central government has started a scheme for this class of traders, through which a loan of Rs 10,000 each is being given to these traders. The special thing is that traders who take money from this scheme do not have to do much paperwork and there are very simple rules for returning money.
In such a situation, know how this scheme can be taken advantage of and what are the special things related to the scheme, which need to be taken care of. Also, you will know how many people have taken advantage of this scheme so far.
How many people have benefited?
It is believed that PM Svanidhi Yojana is proving to be a boon for street vendors. Under this scheme, cheaper loans up to Rs 10,000 will be provided to more than 50 lakh street vendors. According to government data, more than 27 lakh cheap loans worth Rs 2,698.29 crore have been sanctioned so far. At the same time, more than 45.15 lakh applications have also come for this scheme, in which 27 lakh people have got loans.
There are many more benefits
If a beneficiary regularly repays the loan on time, then he gets an interest subsidy at the rate of seven percent per annum. If a beneficiary makes a digital transaction for loan payment, then he is given a cashback of Rs 1200 in a year. Also, on timely payment, the beneficiary can apply for the loan again. To manage this scheme properly, Small Industries Development Bank of India (SIDBI) has been made a partner in the implementation of the scheme.
PM SVANidhi Yojana is becoming a boon for street vendors.
Loans worth over Rs 2,698.29 crore sanctioned to over 27 lakh applicants.#AatmaNirbharVendor #AatmaNirbharBharat pic.twitter.com/Hfzla4WQXC
— BJP (@BJP4India) September 1, 2021
How to apply?
Street vendors willing to take loan under PM Svanidhi Yojana can apply directly by visiting the website of PM Svanidhi Yojana. The website of the scheme is https://pmsvanidhi.mohua.gov.in. Apart from this, street vendors can apply by visiting their nearest CSC.
The Ministry of Housing and Urban Affairs had launched the PM Swa-Nidhi scheme on June 1, 2020. The objective of the scheme is to provide loans up to Rs 10,000 without any guarantee (non-secured) for a period of one year to about 50 lakh street vendors across the country. Interest subvention @ 7 per cent per annum for regular repayment of loan and cashback of up to Rs 100 per month for undertaking scheduled digital transactions is given as incentive.
