PM Svanidhi Yojana: A scheme named PM Svanidhi Yojana has been run by the Central Government to help the people. Let us tell you that under this scheme you can take a loan of this much rupees on guarantee. To know complete information related to this scheme, read the full news…
Thousands of people lost their jobs during the Corona epidemic. The business of small businessmen was ruined. In such a situation, it became difficult for him to earn his living.
Then, to help such people, the Central Government came up with a scheme called PM Svanidhi Yojana. Under this, a loan of up to Rs 10,000 is given without any guarantee to start employment. The government started this scheme especially for street vendors, who had to suffer huge losses due to the Corona epidemic.
Subsidy available on loan-
Under PM Svanidhi Yojana, the government provides loans to the street vendors to start their work again. Under this they get a loan of Rs 10 thousand. The special thing about this scheme is that the government also provides subsidy on the loan. After repaying the loan once, double the amount can be taken as loan for the second time.
Loan is available without guarantee-
Suppose someone took a loan of Rs 10,000 for the first time under PM Swanidhi Yojana and he repaid it on time. In such a situation, he can take a loan of Rs 20 thousand under this scheme for the second time. Similarly, for the third time he will be eligible for a loan of Rs 50 thousand.
The special thing is that there is no need to give any guarantee to take a loan under this scheme. After the application is approved, the loan amount is transferred to your account in three times.
How to apply-
The loan amount taken under PM Swanidhi Yojana can be repaid within a period of one year. You can repay the loan amount in installments every month. To avail the benefits of PM Swanidhi Yojana, it is necessary for the applicant to have Aadhar card. To take loan under PM Swanidhi Yojana, application can be made in any government bank.
Take the form of PM Swanidhi Yojana and fill it in the government bank. You will have to attach a photocopy of your Aadhar card with the form. After this, if your application is approved, the first installment of the loan will be credited to your account.
The government has increased the budget-
To encourage digital payments including cash-back for street vendors, the government has increased the budget of this scheme. According to government data, 31.9 lakh loans were approved under this scheme till April 25, 2022. Apart from this, Rs 2,931 crore was released against 29.6 lakh loans.
