Street Vendors Loan Yojana- PM Svanidhi AtmaNirbhar Nidhi Scheme Loan upto 10000 Rs.

Street Vendors 10000 Rs Loan Yojana- Svanidhi Scheme Loan upto 10000/- Rs, PM AtmaNirbhar Nidhi Scheme for Street Vendors Eligibility, Benefits, Svanidhi Scheme Registration & Apply

Government of India has recently launched Street Vendors Loan Yojana to provide financial help by pecial micro-credit facility plan to provide affordable loan of up to Rs. 10,000 to more than 50 lakh street vendors of country. The scheme is initiated with the name PM Svanidhi AtmaNirbhar Nidhi Scheme. The scheme will be valid until March 2022. After the Coronavirus Lockdown the several street vendors are facing to difficulties to resume their business due to poor financial conditions. To support them Pradhan Mantri Svanidhi Scheme was announced by Finance Minister  Nirmala Sitharaman on 14 May 2020. In this article we try to collect all the related information such as Street Vendors Loan Scheme Eligibility, Registration and others. Read the complete article to know how you can apply for the PM Svanidhi Yojana Online and what eligibility is required to apply.

Street Vendors Loan Scheme- PM Svanidhi Yojana Loan upto 10000/- Rs.

After a lockdown of more than 70 days country is all set to resume its services. The lockdown mostly affected the local vendors and daily wages workers. So these people required capital to restart their business. Keep that in mind Street Vendors Loan Yojana was launched by the Central Govt. of India. Under the scheme Svanidhi or AtmaNirbhar Nidhi Scheme, vendors can avail working capital loan of up to 10,000 Rs, which is repayable in monthly installments within one year. On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer (DBT) on six-months basis. There will be no penalty on early repayment of loan.

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Street Vendors Loan Yojana

Svanidhi Loan Scheme for Street Vendors in India Launched

Scheme Name PM Svanidhi AtmaNirbhar Nidhi Scheme
Beneficiaries (Available For) s Street Vendors, Hawkers, Thelewalas, Rehriwalas, Theliphadwalas
Launched By Central Government of India
Launch Date 1st June 2020
Benefits of Scheme Loan upto 10000/- Rs.
Official Website Update Soon

Eligibility for Street Vendors Loan Yojana- Svanidhi Scheme

Yet the eligibility criteria details are not revealed by the official authorities of the scheme. But according to the information the basic eligibility can be the Applicant should be an Indian citizen. He/She should be a Vendors, Hawkers, Thelewalas, Rehriwalas, Theliphadwalas to avail the benefits of Street Vendors Loan Scheme. We will soon update the details on this page after the official announcement by Government.

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Documents Required for Svanidhi Street Vendors Loan Scheme

  • Aadhar Card
  • Resident Proof
  • Bank Account
  • Passport Size Photo
  • Registered Mobile Number (Linked with Bank Account)

Note- These details can be modified after the official declaration by the authorities.

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Benefits of Svanidhi Street Vendors Loan Yojana

  • The street vendors Hawkers, Thelewalas, Rehriwalas, Theliphadwalas will get the loan capital of upto 10000 Rs.
  • Around 500 lakh vendors will be benefitted by the PM Svanidhi or AtmaNirbhar Nidhi Scheme.
  • Street Vendors will be able to resume their businesses by the loan amount of Pradhan Mantri Svanidhi Scheme.

How to Apply or Register for Street Vendors Svanidhi Loan Scheme Online

Government of India didn’t launch any official website yet to for online registration of Street Vendor Svanidhi Loan Yojana. Hopefully soon the official website will also be launched by the government in the upcoming days. After that the eligible street vendors would be able to apply online for AtmaNirbhar Nidhi Scheme or Svanidhi Scheme online through the official website. The online application process of the loan scheme is likely to begin in June month. We will keep updating you with the upcoming details of Street Vendors Loan Scheme. Stay connected with us.

FAQs on Svanidhi Street Vendors Loan Scheme

Q. Who can apply for Svanidhi or PM AtmaNirbhar Nidhi Scheme?

Ans. The scheme is for Vendors, Hawkers, Thelewalas, Rehriwalas, Theliphadwalas.

Q. How much loan amount will be given by the Street Vendors Loan Scheme?

Ans. 2000/- Rs to 10000/-Rs Loan

Q. Where I Can apply for Street Vendors Loan Yojana?

Ans. The details will be soon updated on this page.

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