Aadhaar Card: Under the Pradhan Mantri Swanidhi Yojana run by the central government, you can get a loan of up to Rs 50,000 on the basis of Aadhaar card only. The special thing about this scheme is that it does not require any guarantee or security. This loan is available to small businessmen and street vendors to restart their business without any complicated process.
Aadhaar Card Loan: To take a loan from the bank, we have to show all kinds of documents and also have to deal with many of their rules. But do you know, you can also take a loan with just Aadhaar card. If you do not know about this, then let us tell you that you can take a loan of up to 50 thousand with Aadhaar card.
If you are a street vendor or you have a small business of your own and these days you are financially troubled, then a special scheme of the government can prove to be very helpful for you.
This was started during the time of Kovid
Let us tell you that in the year 2020, i.e. during the time of the Kovid epidemic, the Central Government had started a new scheme for street vendors and small businessmen. Pradhan Mantri Swanidhi Yojana was started to help small businessmen during Corona. The objective of this scheme was to provide financial assistance to small traders and make them self-reliant, so that they can restart their business after the epidemic and become financially strong. Under this scheme, loans are provided to traders without any guarantee.
How can you get the benefit of this scheme
Under the Pradhan Mantri Swanidhi Yojana, traders can get a loan through Aadhar card without any guarantee. The objective of this scheme is to provide financial help to small traders to restart their business. The process of this scheme is very easy, so that small traders can make their business strong again. Under this scheme, first traders are given a loan of up to Rs 10,000. This loan is without any guarantee and linked to Aadhar card. If traders repay the first loan on time, they can get a loan of up to Rs 20,000 the next time. If traders consistently repay the loan on time, their loan is increased to Rs 50,000. The loan has to be repaid in installments over a period of 12 months.
How to apply
The process of applying for a loan under the Pradhan Mantri Swanidhi Yojana is very simple. To apply for this scheme, first of all, you must have a valid Aadhaar card, because the loan process under this scheme is linked to the Aadhaar card. Your Aadhaar card must be linked to your mobile number. If you apply online, this linking is necessary for e-KYC and Aadhaar verification.
Know these rules
You can apply for this scheme by visiting any government bank. You can also apply online on the portal. Apart from this, you can also apply for a loan by visiting your nearest Common Service Center (CSC). While applying, you will have to provide your personal information, business information and Aadhaar card details. Apart from this, you will also have to provide bank account details and business documents (if required).
