PM Svanidhi Yojana 2022 | Online Apply Loan, Street Vendor Atmanirbhar Nidhi

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Prime Minister Narendra Modi has announced the launch of the pm Svanidhi yojana amid the coronavirus infection. PM Svanidhi Yojana has been started by Prime Minister Narendra Modi in the meeting of the Union Cabinet on 1 June 2020. Under this scheme, a loan of up to Rs 10000 will be provided by the central government to the hard and track vendors (small street vendors) to start their own work afresh under the self-reliant India campaign amid the coronavirus infection. . Here in this article, we will provide you all the information related to Svanidhi Scheme like – Application process, required documents and eligibility updates.

PM Svanidhi Yojana Details

Atm Nirbhar Yojana was started by Prime Minister Narendra Modi in his address to the nation on 12 May 2020. Under this campaign, Prime Minister Narendra Modi had announced an economic package of 20 lakh crore rupees for the indigenous adoption of citizens and for building a self-reliant India. Under this PM Svanidhi Yojana was announced. Under the PM Svanidhi Yojana, the central government will provide a loan of Rs 10000 to street vendors who sell fruits, vegetables, or small shops on street vendors amid the coronavirus infection.

Street vendors who repay the loan amount received under the Street Vendor Atmanirbhar Nidhi on time will be transferred by the government to their account as an annual interest subsidy of seven percent. Let us tell you that the amount of loan received under this scheme will have to be returned to the beneficiary within 1 year. In the midst of coronavirus infection, work will be done to help the workers returning from other states to become self-reliant through this scheme. Under the Svanidhi Yojana Street Vendor Rs 10,000 Special Credit Loan Scheme, work will be done to reach more than 50 lakh people.

Overview of Pradhanmantri Swanidhi Yojana

Scheme NamePM Svanidhi Yojana
Launched byPrime Minister Narendra Modi
BeneficiaryStreet vendors, barber shops, shoe balers (cobblers), paan shops (panwari)
Application—-
CategoryCentral Government Schemes
Official websitehttp://pmsvanidhi.mohua.gov.in/

Golden opportunity for 72 street vendors under PM Svanidhi scheme

We all citizens know that Svanidhi Yojana has been started by way of providing assistance to the people who are street vendors due to coronavirus. Under this scheme, loans will be given to 72 street vendors at the time of organizing a two-day awareness camp through a large municipal committee. In view of the lockdown due to this coronavirus, Local Bodies Jammu through Director Asghar Hussain has announced to add street-street citizens working in the jurisdiction under the Predhanmantri Svanidhi scheme and also 72 citizens. He has also announced to give a loan to establish his employment. Apart from this, the executive officer of the municipality has told that soon the citizens of the railway tracks will be able to do their own business. Apply soon under this scheme and take advantage of this facility. In view of the ongoing Coronavirus, this is a great opportunity for the financially weak street vendors.

Svanidhi Yojana, Street Vendor Self-Reliant Fund Objective

You all know that in view of the global epidemic of coronavirus infection in the whole world including India, the lock-down was imposed by the central government sealing the borders of the states. Many industries, workers have faced a lot of problems due to this lock-down. In such a situation, the Street Vendor Svanidhi Yojana has been announced by the Central Government. Under this scheme, to provide loans by the government to the street vendors to resume their work. To make the street vendors self-reliant and empowered through this scheme. The main objective of starting this scheme is to encourage poor people to become self-reliant. You can take advantage of this scheme by following the simple steps given below.

Benefits of PM Svanidhi Yojana

  • Under this scheme, the work of providing benefits through loan amount will be done to the vendors selling goods on the road around urban/rural areas.
  • All those interested persons who want benefits of Predhanmantri Svanidhi Yojana can complete the process of application in online mode.
  • Street vendors of the country can directly avail working capital loans up to Rs.10,000. Which they can repay in monthly installments in a year.
  • Under PM Svanidhi Yojana, the beneficiaries who repay the loan amount on time, will be transferred by the government to their account as an annual interest subsidy of seven percent.
  • This scheme will work to increase the capacity of people using technology and make the self-reliant India campaign a success by reviving the business at the time of Corona crisis.
  • There is no provision for any kind of fine or punishment in this scheme. It will mainly serve to boost the economy by providing benefits to the artisans.
  • Interested persons have to apply online at PM Street Atmanirbhar Nidhi Yojana official website (to be launched) or can apply offline in banks to get initial working capital loan.

Prime Minister Svanidhi Mobile App

Under this Svanidhi Yojana, PM Svanidhi App has been launched on 17th July 2020 by the Ministry of Housing and Urban Affairs of the Central Government for the street vendors of the country. Street vendors and small street vendors of the country can now download and install PM Svanidhi Mobile App on their mobile through the direct link. Through this scheme, you can apply very easily to start your own employment. This new app has been developed for sourcing and processing loan applications of street vendors. This PM Svanidhi App will facilitate Banking Correspondents (BCs) and Agents of Non-Banking Financial Companies (NBFCs) / Micro-Finance Institutions (MFIs) like- Field Officers of LI.

Svanidhi Yojana Statistics

Number of LoR applications received11,43,547
Number of LoR applications approved8,42,107
Number of LoR applications rejected34, 422
Average days to sanction24
The average age of the applicant in years40
Total applications28,45,870
Sanctioned15,26,313
Disbursed10,07,536
Number of branches onboarded1,46,966
Sanctioned amountRs 1,521.56 crore
Disbursed amountRs 989.37 crore
Number of SVs accepting digital payment10,07,536
Total cashback paid to SVsRs 56,050
Total interest subsidy paidRs 0

Who will give loan under PM Svanidhi Yojana?

Under this scheme, people will be benefited from the various regional government and cooperative banks.

  • Small finance bank
  • Cooperative bank
  • Scheduled commercial bank
  • Regional rural bank
  • Non banking finance companies
  • Micro Finance Institutions and SHG Banks

PM SVANidhi Yojana Eligibility Criteria

Here all the persons/artisans who come under the working class one given below can take advantage of this scheme.

  • Barber shops
  • Shoe knots (cobblers)
  • Paan Shops (Panwari)
  • Laundry Shops
  • Vegetable seller
  • Fruit seller
  • Ready-to-eat street food
  • Tea stall
  • Bread, dumplings and eggs seller
  • Hawkers who sell clothes
  • Book/stationery installer
  • Artisan products

Svanidhi Yojana Required Documents

  • Aadhar card
  • Voter ID Card
  • Bank account passbook
  • Mobile number
  • Passport size photo

PM Svanidhi Scheme – How to apply in Svanidhi Scheme?

All the street and street beneficiaries of the country who want to get the benefits given by the government under the self-reliant Bharat Svanidhi Yojana will have to complete the application process of this scheme. The Financial Literacy Program for capacity building of stakeholders and IEC activities will be launched across the country in June and loans will start in the month of July. You can complete the application process in offline mode at the banks for availing of initial working capital loan

  • First of all you have to visit the official website of this scheme. After this the home page of the website will open in front of you.
  • On the homepage of the website, you will find Planning to Apply for Loan? After reading all the points given in the section, click on the button of View More.
  • After this a new page will open in front of you, on this page you will have to click on the option of View / Download Form, after which the PDF of Svanidhi Yojana Application Form will open in front of you.
  • You have to download this application form pdf and enter all the information asked in it.
  • After this, you have to attach all the necessary documents in it and submit it to the institute after checking the information entered by you.

Street Vendor Atmanirbhar Nidhi Yojana Login Process

  • First of all you have to visit the official website of Svanidhi Yojana. After this the home page of the website will open in front of you.
  • On the home page of the website, you have to click on the login option. After that the next page will open in front of you.
  • On this page, you have to click on the link according to your category like- Applicant, Lender, Ministry / Status / ULB, CSC Connect, City Nodal Officer. After that a form will open in front of you.
  • In this form you have to enter username and password and click on login button. In this way your login will be successful.

How to see the List of Lending Institutions?

First of all you have to go to the official website started by the central government for this scheme. After this the home page of the website will open in front of you.

On the home of the website, you have to click on the option of “View More”. After that, a new page will open in front of you.

On this page, you have to click on the option of “Lenders List”, after which the bank list will open in front of you.

After seeing the displayed list you can submit your application form by visiting any bank.

How to Check Svanidhi Yojna Street Vendors Survey Status/Street Vendor Survey Search?

  • First of all you have to go to the official website started by the central government for this scheme. After this the home page of the website will open in front of you.
  • On the home of the website, you have to click on the option of “View More”. After that a new page will open in front of you.
  • On this page, you have to click on the option of “Vendor Survey List”. After that a form will open in front of you.
  • The details of the information asked to you in this form like- State Name, Urban Local Bodies (ULB), Street Vendor ie Your Name, Father / Wife / Husband Name, Mobile Number, Certificate of vending no. After entering etc., click on the button of “Search”.
  • After this your survey status / street vendor survey search status will be displayed in front of you.

Features of PM Svanidhi Mobile App

  • Seller searches in survey data
  • E-KYC of applicants
  • Processing of loan applications
  • Real time monitoring

Download PM Svanidhi Mobile App

We know that the Ministry of Housing and Urban Affairs has already launched the website http://pmsvanidhi.mohua.gov.in/. Now PM Svanidhi mobile app has also been launched.

  • To download the mobile app, you have to first go to “Google Play Store” in your Android mobile.
  • After this you have to search “PM Svanidhi” app in the search bar. After that you have to click on the install button.
  • In this way your PM Svanidhi App will be downloaded.
  • Let us tell you that the direct link to download PM Svanidhi Mobile App from Google Play Store will be updated here soon. After this you will be able to apply online to take advantage of this scheme very easily.

Payment Aggregator

  • First of all you have to go to the official website started by the central government for this scheme. After this the home page of the website will open in front of you.
  • On the home of the website, you have to click on the option of “View More”. After that a new page will open in front of you.
  • On this page, you have to click on the option of “Payment Aggregator”. After this, many options will open in front of you.
  • Now you can do payment aggregator from any of the given options.

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