Under PM Swanidhi Yojana, the government has allocated Rs. 50,000 directly into the bank account, apply online

Under PM Swanidhi Yojana, the government has allocated Rs. 50,000 directly into the bank account, apply online

bharti job yojana mahiti July 22, 2024
 PM Svanidhi Yohana 2024| The PM Swanidhi Yojana is for those who sell their goods on rickshaws and lorries for which the government provides Rs. 10000 to Rs.50,000 loan is given so that he can do his business easily. And the government gives him 1 year to repay the loan. In this article we will know what is Pradhan Mantri Swanidhi Yojana and you will get complete information about who can avail it, benefits and how to apply. So please read the article till the end.
  


Pam Swanidhi Yojana 2024
  • Name of the Scheme PM Swanidhi Yojana
  • Department Ministry of Housing and Urban Affairs
  • Beneficiary Rakdi and Lari businessmen
  • Assistance available Rs. Loans from Rs.10000 to Rs.50,000
  • Satwar website https://pmsvanidhi.mohua.gov.in/

Who can avail for PM Swanidhi Yojana?

  • Certified traders doing business in street rickshaws and lorries
Those who want to do business and have not produced an identity card

Benefits available for Pradhan Mantri Swanidhi Yojana

  • Financial assistance up to ₹10,000 is provided to street hawkers to help them restart their business.
  • The loan is given at a low interest rate of 7%.
  • No collateral is required to get a loan, which is easier for street vendors.
  • There is no processing fee for applying for the scheme. 
  • The loan amount can be used for any purpose related to the street vending business, such as buying raw materials, paying rent or purchasing equipment.
  • The loan repayment period is one year, which gives street vendors enough time to repay the loan. The scheme encourages entrepreneurship and helps create employment opportunities.
  • The scheme has been implemented at the national level and is available in all states and Union Territories.

Documents required for PM Svanidhi Yojan

For Category A and B Sellers:

KYC documents required in addition to CoV/

  1. Aadhaar Card Voter Identity Card, 
  2. driving license, 
  3. MGNREGA Card,
  4. PAN card

For letter of recommendation:

  • Copy of Account Statement/Passbook of Membership Card/
  • Any other proof of membership 
  • Request letter to ULB to prove the claim as any other document seller

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