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Highlights
- Short Term Working Capital Loan up to :-
- Rs. 10,000/-.
- Rs. 20,000/-.
- Rs. 50,000/-.
- No Collateral Required.
- Interest Subsidy of @ 7% on Timely or Early Repayment.
- Monthly Cashback of Rs. 50/- to Rs. 100/- on Digital Transactions.
Customer Care
- PM SVANidhi Scheme Helpline Number :- 1800111979.
- PMSVANidhi Scheme Grievnace Helpline Number :- 011 23062850.
- PM SVANidhi Scheme Helpdesk Email :-
- portal.pmsvanidhi@sidbi.in.
- pmsvanidhi.support@sidbi.in.
Information Brochure
Overview Of The Scheme
|
|
---|---|
Name of the Scheme | PM SVANidhi Scheme. |
Launched in | 2020. |
Benefits |
|
Beneficiaries | Street Vendors. |
Nodal Ministry | Ministry of Housing and Urban Affairs. |
Mode of Apply | Online through PM SVANidhi Portal. |
Introduction
- PM SVANidhi Scheme is the Central Sector Scheme.
- It was launched in the year 2020 by Ministry of Housing & Urban Affairs.
- PM SVANidhi stands for Prime Minister Street Vendor's AtmaNirbhar Nidhi Scheme.
- Lots of small businesses get affected or closed permanently due to covid lockdown.
- So the main objective behind launching PM SVANidhi Scheme is to empower Street Vendors across the nation.
- It is a special micro credit facility for the welfare of Street Vendors.
- Under PM SVANidhi Scheme, Government of India will provide small term loans to the Street Vendors of the Country.
- Loan will be provided as a working capital loan so that they can invest the amount in their businesses.
- Initial loan of Rs. 10,000/- will be given to the street vendors for the period of 1 year.
- If the street vendor returns the loan amount within one year, then his/her loan limit will be increased to Rs. 20,000 first and thereafter Rs. 50,000/.
- Government will also provide interest subsidy of 7 percent on the given loans.
- There is no collateral security is required to take loan under PM SVANidhi Scheme.
- Now the Government of India extended the time period of PM SVANidhi Scheme till December 2024.
- Eligible Street Vendors can apply for PM SVANidhi Loans through PMSVANidhi Scheme Portal.
Benefits of Scheme
- Short Term Working Capital Loan up to :-
- Rs. 10,000/-.
- Rs. 20,000/-.
- Rs. 50,000/-.
- No Collateral Required.
- Interest Subsidy of @ 7% on Timely or Early Repayment.
- Monthly Cashback on Digital Transactions.
Eligibility Conditions
- Applicant should be a Street Vendor.
- Application should be a holder of any of the below mentioned card :-
- Certificate of Vending.
- Identity Card issued by Urban Local Bodies.
- Letter of Recommendation from Town Vending Committee.
Documents Required
- Survey Reference Number.
- Any One of the Street Vending Proof :-
- Vendor Identity Card.
- Certificate of Vending.
- Letter of Recommendation from TVC.
- Aadhar Card.
- Aadhar Linked Mobile Number.
- Any one of the document for KYC :-
- Aadhar Card.
- Voter Identity Card.
- Driving Licence.
- MNREGA Card.
- PAN Card.
How to Apply
- Applicant has to visit PM SVANidhi Portal to apply Online.
- Login by providing your mobile number.
- Portal will verify the mobile number by sending OTP.
- After Login, Choose one of the eligibility category :-
- Vendor Identity Card.
- Certificate of Vending.
- Letter of Recommendation from TVC.
- Fill the Application Form pf PM SVANidhi Scheme and Upload all the KYC Documents.
- Submit the Application Form.
- Now the lending financial institutions will contact the applicant.
- After verification of documents, the loan amount will be credited to the bank account of Street Vendor.
Features of the Scheme
- The vendor will be eligible for the second loan cycle only after the first loan is repaid.
- Interest subsidy will be directly credited into the borrower account.
- Monthly Cashback will be received by the vendor ranging from Rs. 50/- to Rs. 100/- as per following criteria :-
Transactions
(Per Month)Monthly Cashback 50 Rs. 50/- 100 Rs. 75/- 200 Rs. 100/- - Loan will be approved within 30 days of application.
- Vendor can avail the benefit of PM SVANidhi Scheme from the following lending institutions :-
- Schedule Commercial Banks.
- Regional Rural Banks.
- Small Finance Banks.
- Cooperative Banks.
- Non Banking Financial Companies.
- Micro Finance Institutions.
- Self Help Group Banks.
- Mobile Number linked with Aadhar Card and Aadhar Card is mandatory to apply.
Street Vendors Eligible Under PM SVANidhi Scheme
- The below mentioned Street Vendors are eligible to get short term loan under Pradhanmantri SVANidhi Scheme :-
- Hawkers.
- Rehriwala.
- Thelewala.
- Services like Barber Shops.
- Theli Phadwala.
- Pan Shops.
- Cobblers.
- Laundry Services.
- Vegetable Sellers.
- Person Working in Temporary Built up Structure etc.
Important links
- PM SVANidhi Scheme Online Apply.
- PM SVANidhi Scheme Application Status.
- PM SVANidhi Scheme Mobile Number Change.
- PM SVANidhi Scheme Vendor Survey List.
- PM SVANidhi Scheme Portal.
- PM SVANidhi Scheme Guidelines.
- PM SVANidhi Scheme FAQs.
- PM SVANidhi Scheme Mobile App.
Contact Details
- PM SVANidhi Scheme Helpline Number :- 1800111979.
- PMSVANidhi Scheme Grievance Helpline Number :- 011 23062850.
- PM SVANidhi Scheme Helpdesk Email :-
- portal.pmsvanidhi@sidbi.in.
- pmsvanidhi.support@sidbi.in.
- Ministry of Housing and Urban Affairs, Government of India,
Nirman Bhawan, Maulana Azad Road,
New Delhi - 110011.
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Comments
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