PM SVANidhi Yojana 2023: Prime Minister Narendra Modi has launched the Pradhan Mantri SVANidhi Yojana on 1 June 2020 under the Ministry of Housing and Urban Affairs. Sometimes a person needs money immediately. But even after trying lakhs, money is not arranged. There is no need for such people to take tension now. Because the Central Government’s Pradhan Mantri Swanidhi Yojana has been started for such people.
PM SVANidhi Yojana 2023
Economically weak people can take advantage of the scheme. On applying under the scheme, an amount ranging from Rs 10,000 to Rs 50,000 will be deposited in your account without any guarantee. Money will be transferred to your account in just 24 hours.
extended limit
Let us tell you that the government had earlier planned to close this scheme in March 2022. But according to media reports, recently its time period has been extended. Therefore, after taking complete information, application can be made under the scheme. PM SVANidhi Yojana 2023 You must be a citizen of India to apply.
Along with this, it is mandatory to have Aadhaar card, PAN card, bank passbook. You can get more information about all these documents by visiting the official website https://pmsvanidhi.mohua.gov.in. Can also take advantage of the scheme.
PM Swanidhi Yojana 2023
According to some economists, this is a very important phase for the country’s economy. The Indian economy has come to a grinding halt due to the lockdown and the pandemic. Due to this, the street vendors had to face trouble in many urban and rural areas. PM SVANidhi Yojana 2023 He was unable to return to his work due to paucity of money. The loan is provided for a period of 1 year to help them grow their business. PM SVANidhi Yojana 2023
This amount ranges from Rs 10,000 to Rs 50,000. To make it digital, a mobile application for Pradhan Mantri Swanidhi Yojana 2023 was launched on 17 July. This will help the street vendors to go digital for transactions. Along with this they will also get monthly cashback.
Short Details of the SVANidhi Yojana 2023
| नाम | Pradhan Mantri Swanidhi Yojana 2023 |
| आरम्भ की गई | प्रधानमंत्री नरेंद्र मोदी द्वारा |
| वर्ष | 2023 |
| लाभार्थी | स्ट्रीट वैंडर्स, नाई, मोची, पनवाड़ी etc |
| आवेदन की प्रक्रिया | ऑनलाइन / ऑफलाइन |
| उद्देश्य | ऋण की व्यवस्था करना |
| लाभ | 10,000- 50,000 रूपए का ऋण |
| श्रेणी | केंद्र सरकारी योजनाएं |
| आधिकारिक वेबसाइट | http://pmSVANidhi.mohua.gov.in/ |
Loans provided under Pradhan Mantri Swanidhi Yojana 2023
Under the Swanidhi scheme, a package of 50 thousand crore rupees has been set by the government to provide assistance to the people who set up shop on the streets. And under this scheme a loan of Rs 10,000 to Rs 50,000 will be made available. If you also want to take advantage of PM SVANidhi Yojana 2023, then you will have to apply under this scheme. The repayment period of the loan taken under this scheme is 1 year. Along with this, an interest subsidy of 7% will also be provided by the government under the Swanidhi scheme.
Loan amount up to Rs 50,000 can be given under PM Swanidhi Yojana. Suppose if someone opens a vegetable shop, he will get a loan of Rs 10,000 first. After this, its double loan of 20 thousand and then 50 thousand will be given. However, only after repaying one amount, the second loan amount is given by the government.
subsidy is given
Under the PM Swanidhi scheme, the government gives loans without guarantee. Once the loan application is approved, the loan amount is transferred to the applicant’s account. The loan is sent to the account in three times and the government also gives subsidy on such loan, so that the burden of loan does not fall on the people.
The amount is received according to the work
According to the information, under Pradhan Mantri Swanidhi Yojana (Pradhan Mantri Swanidhi Yojana 2023), the beneficiary can get a maximum loan of Rs 50 thousand. The loan amount starts from 10 thousand. The loan amount is given on the basis of performance and CIBIL score of the concerned applicant.
Objective of Swanidhi Yojana 2023
You all know that every person in our country is facing a lot of problems due to the infection of Corona virus, in such a situation it is becoming very difficult for the street vendors and street vendors of the country to survive. Keeping this in mind, the Central Government has started the Swanidhi scheme. Under this scheme, the government will provide loan at seven percent interest rate to the street vendors to start their work. PM SVANidhi Yojana 2023
The main objective of Pradhan Mantri Street Vendor Self-Employment Fund Scheme is to make the people of Lahiri Track self-reliant and empowered. Loan given under Swanidhi Yojana will bring a lot of change in the economic condition of the poor people.
Who will get the benefit of Pradhan Mantri Swanidhi Yojana 2023
The following people will get the benefit of Pradhan Mantri Street Vendor Self Employment Fund Scheme or Pradhan Mantri Swanidhi Yojana:-
- Ready-to-Eat Street Food
- vegetable seller
- barber shops
- Sellers of bread, dumplings and eggs
- shoe cobbler
- books/stationery holders
- Betel Shops (Panwadi)
- Laundry Shops (Dhobis)
- tea stand
- fruit seller
- peddlers who sell clothes
- artisan products
If a person makes regular payments after taking a loan under the scheme, then the government has also made a provision to give 7 percent subsidy to him. The grant amount will be deposited in the bank account of the beneficiary.
- who will give loan
- scheduled commercial bank
- Regional Rural Bank
- Small Finance Bank
- Cooperative bank
- non banking finance companies
- Micro Finance Institutions and SHG Banks
PM SVANidhi Yojana Online Application Form 2023
The Government of India has launched the Pradhan Mantri Swanidhi Yojana 2023 to provide an initial working capital loan of up to Rs.10,000. The apply online process for Pradhan Mantri Street Vendor Self Employment Fund Scheme was specified earlier on 29th June 2020. Below is the complete procedure to apply by filling PM SVANidhi online application / registration form.
Step 1: Visit the official website – First of all visit the official website http://pmsvanidhi.mohua.gov.in/.
Pradhan Mantri Swanidhi Yojana 2023
Step 2: Apply for loan online – On the homepage, click on the “Apply for Loan” tab or “Login as Applicant” as shown in the image below or directly visit https://pmsvanidhi.mohua.gov Click on .in/Login
Pradhan Mantri Swanidhi Yojana 2023
Step 3: Login using mobile number – In the new login window, street vendors can apply online for Pradhan Mantri Street Vendor Swarojgar Nidhi Yojana by logging in using mobile number. Enter mobile number. And click on the “Request OTP” button to receive the One Time Password on that mobile phone. Afterwards, enter the OTP received and click on the “Verify OTP” button.
Step 4: Check Vendor Category – Here applicants can check the vendor category from the 4 options given below.
The first are street vendors who have a Certificate of Vending (CoV)/identity card issued by the Urban Local Bodies (ULBs).
Second are street vendors who have been identified in the survey but have not been issued a vending certificate/identity card.
Third are street vendors who have been left out of the ULB-led identification survey or who have started vending after the survey has been completed and a Letter of Recommendation (LoR) has been issued to this effect by the ULB / Town Vending Committee (TVC) Is.
Fourth are street vendors who are vending in the geographical limits of the ULB in surrounding development/semi-urban/rural areas and who have been issued a Letter of Recommendation (LoR) by the ULB/TVC to this effect.
Step 5: Select the appropriate vendor category to proceed further – Applicants can select any of the above mentioned categories to proceed further to fill the Pradhan Mantri Street Vendor Self Employment Fund Scheme online application form. The selection of categories will result in the category wise vendor details of the selected vendors as shown below.
Step 6: Registration using Aadhaar number – Afterwards, street vendors can register using Aadhaar verification as shown below. On entering the Aadhaar number and clicking on the “Verify” button, you will receive an OTP on the mobile number registered with the Aadhaar card.
Step 7: Fill Online Application Form – As per the verification of Aadhaar OTP, PM SVANidhi Online Application Form will appear.
In this opened application form street vendors can fill all the details to complete PM SVANidhi apply online process.
Pradhanmantri SvaNidhi Mobile Application📲
To make this scheme more easy and accessible, the government has launched a mobile application. The mobile application was launched on 17 July. Under the mobile application, the interface has been made very user-friendly and a list and survey list of all the lending institutions have been provided. Also, the process to apply for the loan online has been explained. Applicant can use mobile application to avail credit digitally.
PM SVANidhi Yojana 2023 Mobile Application
Contact us
First of all you have to visit the official website of Swanidhi Yojana. After this, the home page of the website will open in front of you.
On the home of the website, you have to click on the option of Contact Us. After this a new page will open in front of you.
Now you have to click on the option of payment aggregator on this page. After clicking, a new page will open in front of you.
On this page you will see all the information related to the contact.
FAQs about PM SVANidhi Yojana 2023
Why was the Pradhan Mantri Swanidhi Yojana started?
The business of street vendors has been adversely affected due to the corona virus lockdown. They don’t work for huge sums of money. But a small capital base business. His capital got drained due to the lockdown. So they have no credit to start over and start again. That’s why this scheme has been started to support them.
If I do not have an identity card but my name is in the survey list, can I apply for a loan under Pradhan Mantri Swanidhi Yojana?
Yes, in that case, you can get a Provisional Certificate of Vending from the IT-based platform. It will help you to fill the agent application form. After uploading the documents, the loan disbursement process will start.
What KYC documents are required for Pradhan Mantri Swanidhi Yojana?
Along with the letter of recommendation, the important documents required for KYC are Aadhar Card Driving License Voter ID Card MGNREGA Card PAN Card.
How much collateral do I need to take to avail the Pradhan Mantri Swanidhi Yojana loan?
No collateral security is required to avail this loan.
What is the interest rate and subsidy in Pradhan Mantri Swanidhi Yojana?
There is a subsidy of 7 per cent on the interest rate. This interest subsidy will be credited directly to the beneficiary’s account every quarter. If the applicant has repaid the loan quickly, then this grant will be credited to him in one go. Will provide a grant amount of about 400 on repaying all the loan time.
Is there any penalty for repaying the loan after the stipulated time?
Yes, a penalty will be imposed on the applicant for non-payment of loan on time. However, there is no penalty if he has pre-paid the loan.