PM Svanidhi Yojana:- Our country’s Prime Minister has decided to launch Swanidhi Yojana in the Union Cabinet meeting on June 1. Under SVANidhi Yojana, a loan of up to Rs 10,000 will be provided by the Central Government to the street vendors (small street vendors) of the country to start their own business afresh. This Swanidhi Yojana is also known as Pradhan Mantri Street Vendors Self-reliant Fund. The benefits of this scheme will be made available to all the small street vendors of the country. Dear friends, today through this article we are going to provide you with all the information related to Pradhan Mantri Swanidhi Yojana like the application process, eligibility, documents, etc., so read this article till the end.
PM SVANidhi Yojana 2024
Street vendors who sell fruits, and vegetables or set up small shops on street vendors along rural and urban roads in the country can get a loan of Rs 10,000 from the government under this SVANidhi Yojana. This loan taken by the government is for the street vendors. People will have to return in installments within a year. Street vendors who repay this loan on time will be transferred by the government to their accounts as an annual interest subsidy of seven percent. The interested beneficiaries of the country who want to avail the benefits of this scheme will have to apply under this scheme. Under the Street Vendor Self-reliant Fund, more than 50 lakh people including vendors, hawkers, cart vendors, street vendors, fruit vendors, etc. will be provided benefits from this scheme.
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Benefits of PM SVANidhi Yojana
> The benefits of this scheme will be provided to roadside vendors.
> Under the Swanidhi Yojana, vendors selling goods on the streets around urban/rural areas have been made beneficiaries.
> Street vendors in the country can avail of direct working capital loans up to Rs 10,000. Which they can repay in monthly installments in a year.
> More than 50 lakh people will benefit from this scheme.
> Street vendors who repay this loan on time will be transferred by the government to their accounts as an annual interest subsidy of seven percent.
> There is no provision for penalty under SVANidhi Yojana.
> It will work to enhance the capabilities of people using technology and make the Self-reliant India campaign successful by reviving businesses during the Corona crisis.
> People have to apply online on the official website of PM Street Atmanirbhar Nidhi Yojana (to be launched) or apply offline at banks to get an initial working capital loan.
> With this, these people will give impetus to the Self-reliant India campaign by re-establishing their business during the Corona crisis.
> Under this scheme, you will get the entire money in your account in three installments i.e. you will get one installment every three months. You will get this loan at seven percent interest.
Eligibility for SVANidhi Yojana
> Those street vendors who have a vending certificate or identity card are eligible to avail the benefits of this scheme.
> Vendors who have been identified in the survey but have not been issued proof of vending or identity.
> Final vending certificate will be generated for all such vendors through an ID-based platform.
> ULBs are also encouraged by the Government to immediately and positively issue Permanent Certificate of Vending and Identity Cards to such vendors within one month.
> Street vendors who have opted out of the ULB identification survey or have started vending after completion of the survey and a recommendation letter to this effect has been issued by the ULB or Town Vending Committee.
> Vendors who sell within the geographical limits of the urban local body. And a recommendation letter to this effect has been issued to them by ULB or TVC.
Documents of Street Vendor Self-Employment Fund Scheme
> Applicant’s Aadhar card
> Voter ID Card
> Bank account passbook
> mobile number
> passport size photo
How to apply for Swanidhi Yojana?
The interested street and street vendors of the country who want to avail of benefits from the government under the Swanidhi Scheme will have to apply under this scheme. Along with all these programs, financial literacy program will be implemented for capacity building of all the stakeholders and IEC activities. It will be launched across the country in June and loans will start being available in the month of July. One can apply offline in banks to get the initial working capital loan. So he should follow the method given below.
> First of all the applicant has to go to the official website of the scheme.
> After visiting the official website, the home page will open in front of you on the computer screen.
> SVANidhi Yojana – SVANidhi Yojana
> On this home page you will see the option of Planning to Apply for a Loan. After you have to proceed carefully by reading 3 steps in the section Planning to Apply for Loan and clicking on the View More button.
> After this, the next page will open in front of you. On this page, you have to click on the option of View / Download > > Form. After which the PDF of the Swanidhi Yojana form will open in front of you.
Swanidhi Yojana
> You can download the PDF of this scheme. After downloading the application form, you will have to fill all the information asked in this form. After filling in all the information, you will have to attach all your necessary documents with the application.
> After this, your application form will have to be submitted to the institutions mentioned below. The list of institutions is shown below.