PM Svanidhi Yojana is a short form of the PM Street Vendor’s AtmaNirbhar Nidhi. This Government scheme is launched by The Ministry of Housing and Urban affairs this year 2020 in the month of June.
Under this plan, the Street vendor can able to get a loan without any kind of Guarantee from anyone or anything.
This is a 10000 loan for street vendors and here you can apply online.
Here you are going to learn everything about it Like:
- What is this Scheme?
- What are the benefits
- How to Apply online
- How to Check status once Applied
- and more.
What is PM Svanidhi Yojana
Launched in June 2020, during the time of the Covid-19 pandemic when not only the whole country was struggling to survive this scheme was launched for the Street vendors.
There is no denying that everyone was affected by the pandemic but the most affected are the ones whose income comes from day jobs like Labors.
A street vendor who sells on the street to earn on regular basis to feed their families is no doubt one of them.
Suggested: PM Shram Yogi Mandhan Yojana How to Apply for Registration
This scheme of PM Modi is launched to provide no-guarantee loan for the street vendors to help them to resume their livelihood activities.
This offers a loan of Rs 10,000 to more than 50 lakh street vendors who are living in the peri-urban or rural areas.
What are the benefits?
This Scheme of Indian Government provides a loan of rs 10000 to any street vendor who is eligible for it.
Here is the rest of the benefits they will get.
- Under this scheme, the Street vendor who is eligible will get a loan of Ten thousand rupees.
- This will come with 1-year tenure; Means that the person who gets the loan will have a whole 1 year to pay the loan.
- EMI will be less than 1000 per month. The beneficiary has to minimum EMI.
- The rate of interest can be subsidized.
- If the vendor wants they can repay the loan before one year. In that case, they have to pay an interest rate of 7 percent with it.
- If you pay earlier then the 7 percent interest that you paid with it will be credited to your bank account every quarter.
- Vendors are allowed to repay the loan in monthly EMI’S or Lumpsum amount one time.
Who can apply
PM Street Vendor’s AtmaNirbhar Nidhi just like its name suggests only for the Street vendors. You also need to have all of the required documents needed to apply for a loan.
This scheme is for the Street vendors who are living in semi-urban and rural areas, So not every person can apply for it.
Required Documents
The Documents that are required to Avail of this Loan online are
- Your Aadhaar Card or Identity card or Driving license.
- Your MNEREGA Card.
- PAN card is also required.
- Vendor Vending/Identity card issued by ULBs or at least your name should be surveyed.
- Your Bank account information.
If you are applying online, it’s enough to have a physical copy of them. If you are Applying offline from your nearest community center make sure to carry a copy of them along with your Passport size photos.
PM sannidhi yojana online Apply, Status & Log In
If you are ready to apply to this scheme then you can follow the Step-by-Step guide for 10000 loans for street vendors apply online and check the status if you applied already.
Why Apply for PM svanidhi yojana online registration?
If you are in need of money but don’t want to pay the high-interest rates of the Bank.
Or if you are unable to get a loan from the bank then this Scheme will be ideal for you.
Remember that this Scheme will not offer your more than ten thousand rs and you will be able to get it only one time.
So if you want more than Ten thousand rs then this scheme is not for you.
How to PM Svanidhi yojana 2020 apply online?
Once you are sure that you are Eligible for getting this PM Svanidhi Yojana loan and have all of the required documents then you can avail of the loan.
It can be done online or offline.
If you want offline your nearest government office or Community service center.
Suggested: Pradhan Mantri Garib Kalyan Yojana
If you want to apply for Pradhan Mantri Svanidhi Online then you can do it from the official site.
Here is the process that you need to follow if you want to apply online.
- Head over to pmsvanidhi.mohua.gov.in from your Web browser.
- On top of the page, you will see the Banner labeled as PM Street Vendor’s AtmaNirbhar Nidhi.
- Below that, still on the banner, your See Apply for Loan button.
- Click on the Apply for loan button.
- Enter your mobile number, click on I’m not robot check bock, and hit the Request OTP button.
- You will receive the OTP code on your mobile number, Enter that code there on site.
- Now click on verify OTP.
- And follow thru the process as it instructs, Submit the required document.
- Once your Loan Application accepted you will receive SMS on your Registered mobile number.
How to pm svanidhi mohua gov in login
To login to the pmsvanidhi.mohua.gov.in portal, your should at least register there.
Make sure that you followed all the steps that I mentioned in the previous step.
- Once you do that you can head over to pmsvanidhi.mohua.gov.in and click on the Hamburger menu icon.
- Click on login.
- Tap on Applicant.
- Enter Mobile number and Login OTP.
Congrats you are now logged into that PM Svanidhi Yojana portal.
Suggested: PM kisan Samman Nidhi Yojana App
How to Check status on pm svanidhi mohua gov in
Once you successfully register you are now able to check the status of your Loan approval inside the dashboard of pmsvanidhi.mohua.gov.in Portal.
Simply login there and you will be able to check the pm svanidhi status online.
So that’s everything about pm sannidhi yojana online apply. If you have any questions regarding this scheme you can mention in the comment section.
If you know someone who can benefit from this government scheme then you can hit the share links below and share this Article on WhatsApp, Facebook, or Twitter about 10000 loans for street vendors apply online.
