Prime Minister Narendra Modi on Tuesday interacted with the beneficiaries of the Swanidhi scheme. The speciality of PM Street Vendors’ Self-Reliant Fund (PM Swanidhi) is that no guarantee is taken for the loan disbursed under it.
Pradhan Mantri Svanidhi Yojana: Prime Minister Narendra Modi interacted with the beneficiaries of the ‘Pradhan Mantri Swanidhi Yojana’ of Uttar Pradesh through video conferencing. This scheme has been very helpful for the people who run their livelihood with the help of street-tracks. In the Corona era, the livelihood of shopkeepers earning daily bread by selling goods on roadside street-tracks has been affected. In such a situation, the government is giving loans to these handlers to build their businesses again. This loan is available at affordable rates. The government’s loan scheme has been named PM Street Vendors Self-Reliant Fund (PM Svanidhi).
The loan is provided without guarantee
The aim of the government is that such shopkeepers who sell goods on roadside carts should get benefit from this scheme and they can bring their small business back on track. This government loan scheme, which is available at a cheaper rate, was launched in June 2020. Its specialty is that no guarantee is taken for the loan distributed under it.
This is how the street vendors get benefits
Under this scheme, a loan of up to 10 thousand rupees is given to street vendors. This helps them to resume their business. Under this, the shopkeeper, barbershop, cobbler, paan shop, laundry services have been included. This includes shopkeepers selling vegetables, fruits, tea, pakoras, bread, eggs, clothes, handicrafts and books/copies on the cart.
How will you get a loan of 10 thousand? > The shopkeeper must first visit the official website of the government scheme http://pmsvanidhi.mohua.gov.in/. > First page of the website ‘Planning to apply for loan?’ The option will appear. > It should be read carefully by the applicant. After this, click on the option of ‘View More’. > After this, the applicant has to click on ‘View / Download Form’, after which the form will open for the loan scheme. > After downloading it, fill it and with all the necessary papers it will have to be deposited in the government authorized office.