PM Svanidhi Yojana: Apply for PM Svanidhi Loan

PM Svanidhi Yojana: Many schemes are run by the Government of India to raise the economic standard of living of the people. Many people have been taking advantage of it. In which equipment support and low interest rate loans and subsidies to farmers, Adlak Yojana for women, Shishyavrithi Yojana for students etc. are being run. Then there is one such scheme which is run PM Svanidhi Yojna. In which people are given loans from 10 thousand to 50 thousand without guarantee to start their new business. Come see more information.

Under this scheme, the government provides loans ranging from 10 thousand to 50 thousand rupees to small or big entrepreneurs. So that people become self-reliant. The scheme was launched from 1 June 2020. Another name of this scheme is also known as PM Street Vendor Atmanirbhar Nidhi.

PM Svanidhi Yojana: Apply for PM Svanidhi Loan

Name of the schemePM Swanidhi Yojana
BeneficiaryAny citizen of the country
purposeCitizens of the country should get employment
Loan amount10 thousand to 50 thousand
Application ModeOnline
Official websitehttps://pmsvanidhi.mohua.gov.in/

Benefits of PM Svanidhi Yojna

  • More than 50 lakh people can benefit from this scheme
  • Under this scheme, the beneficiary can get a loan ranging from Rs 10 thousand to Rs 50 thousand.
  • If you have taken a loan under this scheme and pay its installment every month, you are entitled to 7 percent subsidy.
  • The major advantage of this scheme is that you will not have to pay any kind of interest if you default on the loan amount
  • You will not have to give any kind of collateral or security or bond under this scheme.

Eligibility of the Scheme

  • A person availing this scheme should be a citizen of India.
  • The beneficiary of this scheme is determined as per Street Vendor Act 2014. It includes various businessmen like vegetable lorry, barber carpenter, cobbler, washerman.
  • There is no age limit prescribed in this scheme.
  • The borrower has to produce the Wendig certificate.

How To Apply For PM Svanidhi Yojana

  • First go to the official website https://pmsvanidhi.mohua.gov.in/
  • Then click on the amount of loan you want.
  • After that you have to enter the mobile number and enter the captcha.
  • Special Note: Your mobile number and Aadhaar card must be linked.
  • Now an OTP will be sent to your mobile and you have to enter it.
  • Check your loan eligibility or not.
  • Now the Planning to Apply For Loan page will open in front of you, read your details.
  • Now you have to download a form that will open from it.
  • Now, after filling the information in the form, attach the necessary supporting documents and go to the banks under this scheme and submit the application form.

Important link

Official Website View

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