PM Svanidhi Yojana Online Apply: Many people in the country work as street vendors, sell goods by putting a cart on the streets and make their living. The Kovid-19 epidemic forced many of them to stop work. To help these vendors, the government has launched PM Svanidhi Yojana. This scheme gives a loan of up to Rs 50,000 to street vendors to help them restart their business. The government will also give subsidy to help them earn a good income.
To make street vendors self-reliant, the government will provide loans without guarantee and at low interest rates. These loans can be repaid in installments. More than 50 lakh small traders will benefit from this scheme. If you are a street vendor then this scheme is very important for you. In this article, we will give you all the information about PM Svanidhi Yojana Online Apply, as well as tell what are the eligibility criteria.
Apply for PM Svanidhi Yojana Online
The goal of PM Svanidhi Yojana is to help street vendors in the country become self-reliant. Many people start their small business because they are unable to find a job. However, the COVID-19 pandemic forced a lot of them to close their business, making their life very difficult. The government has launched this scheme to help these people.
PM Svanidhi Yojana provides loans to street vendors to help them restart their business. The scheme also promotes digital payments. If vendors repay their loan on time, they will get an additional 7% subsidy from the government.
Who is eligible this scheme
You must be an Indian citizen working as a street vendor.
You must have an identity card or vending certificate issued by the urban local bodies (ULB).
If you have been identified in a survey but do not have a vending certificate or identity card, a provisional vending certificate will be generated for you.
If you could not attend the survey or started vending after that, you will need a letter of recommendation (LOAR) from the ULB or Town Vending Committee (TVC).
If you are vending in adjoining areas, including rural or suburban areas within the LB limits, you will also need a LOAR from the LB or TVC.
Documents Required for Pradhan Mantri Svanidhi Yojana 2024
Aadhaar Card
PAN Card
Bank Passbook
Identity Card issued by Urban Local Body (ULB)
Income Proof
Residence Certificate
Passport Size Photo
How to Apply for Pradhan Mantri Svanidhi Yojana 2024
Visit the official PM Svanidhi portal pmsvanidih.mohua.gov.in.
Download and read the FAQs on the portal to understand all the information.
To apply online, click on the option provided on the home page of the portal. Verify your application by entering your mobile number.
Complete Aadhaar verification.
Fill in all the required information in the form and upload the required documents.
Submit the final form.
Your application will be forwarded to your chosen lender. After physical verification and approval, the loan will be disbursed to you.
Note: To check the status of your application, click on the “Know your Application Status” option on the home page and enter your application number.
