PM SVANidhi Yojana: Prime Minister Street Vendors Self-reliant Fund (PM SVANidhi Yojana) is an important scheme of the Government of India. Which was started to provide financial help to small shopkeepers, street vendors and people selling goods on the street. The main objective of this scheme is to make such people self-reliant by giving them cheap loans without much hassle.
objective of the plan
The purpose of PM SVANidhi Yojana is to provide assistance to those street vendors. Whose livelihood was affected due to the epidemic or economic crisis. Under this scheme, the government wants that small traders can start their work again and improve their income.
What are the benefits available under PM SVANidhi Yojana?
Beneficiaries eligible under this scheme:
- First Loan: Up to ₹10,000
- Second Loan: Up to ₹20,000
- Third Loan: Up to ₹50,000
This loan is given at a very low interest rate. Interest subsidy is also given to the beneficiaries who repay the loan on time. Which makes it easier to repay the loan.
Incentive on digital transactions
Digital transactions are also promoted under PM SVANidhi scheme. Street vendors who use digital payment. They get cashback or incentive every month. This increases their income and connects them to the digital system.
Who are eligible for this scheme?
- street vendors
- street vendors, street vendors
- small hawkers and hawkers
- People whose names are recorded in the municipal or local survey list
how to apply?
- Interested persons can apply online or from the nearest bank.
- Aadhar card, identity card and bank account information has to be given.
- After scrutiny of the application, the loan amount is sent directly to the bank account.
Why is the scheme special?
PM SVANidhi Yojana not only provides financial assistance to small traders. But it also gives them a chance to become self-reliant. Low interest, easy terms and digital incentives make this scheme extremely useful.
conclusion
PM SVANidhi Yojana is a big relief for small shopkeepers and street vendors. This scheme helps them to stand on their feet again and strengthens their financial position. If a person does small business on the street. So this scheme can prove to be very beneficial for him.
- Gold Price Today: Gold became a little cheaper today, know how much the prices fell
- PM Kisan Yojana: Rs 2000 will come to the accounts of farmers before Diwali and Chhath, know the complete update related to the installment.
Comments are closed.