How to get loan from PM Svanidhi scheme: Union Finance Minister Nirmala Sitharaman said in Lok Sabha on Saturday that the Modi government has given a financial assistance of Rs 10,000 to the poor, street vendors under the Pradhan Mantri Swanidhi Yojana for 1 year. Granted, after 1 year, there is a provision to take more time in case of no return or repayment. 50 lakh street people of the country took advantage of this scheme.
When did PM Svanidhi scheme start
How to get loan from PM Svanidhi scheme: The central government launched the PM Street Vendors Self-Reliant Fund (PM Swanidhi) scheme in June 2020. This scheme was started to help the shopkeepers who sell goods on the street-side affected due to Corona. Under the scheme, loans up to 10 thousand rupees are available without any guarantee at cheaper rates. Those who sell goods on handcuffs, barber shop, cobbler, paan shop, vegetables, fruits etc. can take advantage of this.
Benefits of PM Svanidhi scheme
How to get loan from PM Svanidhi scheme: If you want to take advantage of this scheme, then you have to apply under this scheme. More than 50 lakh people, including vendors, hawkers, handlers, hawkers, street vendors, thali phalwale, etc., will be benefited from the scheme under the Street Vendor Self-Reliant Fund.
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Who will get loan
Laundry shops (washermen), vegetable sellers, fruit sellers, shoe solders (cobblers), paan shops (panwadi)
Ready to Eat Street Food
Tea cart or kiosks, bread, pakoras and egg sellers, hawkers who sell clothes, books / stationery makers
This condition has to be fulfilled
Under this scheme, those who are hawkers, roadside street vendors, who are vending before or on March 24, 2020, have been included. The government had prepared a list of the people affected by the lockdown by conducting a survey.
How to check name in PM Svanidhi scheme
You can contact any banking correspondent or agent of a micro finance institution in your area to check the name in the list. These people have a survey list and these street vendors help in filling the application and uploading your documents in the mobile app or web-portal. You can see this list on PM Swanidhi’s website pmsvanidhi.mohua.gov.in. Aadhaar card and Voter ID card are necessary for registration. Apart from these, keep a driving license, MNREGA card or PAN card with you.
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