The government of India has released some schemes to come out of it during the crisis period. One of them is P.M. Svanidhi Yojana. Some specific loans are provided to you under this scheme. Details of which are given below.
Pradhan Mantri Loan Scheme is run by the Government of India. The scheme benefits small traders, rickshaw pullers and cyclists and people living below the poverty line. Loans ranging from Rs 10,000 to Rs 50,000 are provided without interest through this loan scheme.
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PM Swanidhi Loan Scheme | Get 10,000 To 50,000 Loan
| Scheme Name | PM Swanidhi |
| Who Can Get | Economic conditions will improve |
| Aim | Loan Amount |
| Scheme Starts On | July 2020 |
| Loan Ammount | Petty traders, rickshaw pullers, cycle rickshaw pullers, and living below poverty line |
| Interest Rate | No interest if paid on time |
| Time Period | 1 Year |
| Official Website | https://pmsvanidhi.mohua.gov.in/ |
PM Swanidhi Loan Yojana
The scheme run by the Government of India aims to empower industries and entrepreneurs by providing financial support. It is meant to support them in self-reliance and increase their chances of employment creation. Under the Pradhan Mantri Swanidhi Yojana, the aim is to provide loans and some assistance to small businesses.
Swanidhi Yojana Information
Under Pradhan Mantri Swanidhi Loan Yojana, you get a loan ranging from Rs 10 thousand to Rs 50 thousand. For which you can also apply online and download its app. You have to repay the loan of this scheme in 1 year. In which if you pay any installment without defaulting, you are given interest subsidy.
10,000 loan is given by the government for the first time under PM Swanidhi Yojana. Second time loan is given up to Rs 20,000 and third time up to Rs 50,000. You have to repay this loan within a period of 1 year i.e. 12 months.
Who Can Get This Loan?
Small traders, street vendors and others can benefit from this scheme and are considered eligible to apply for this scheme. Note that only small and medium businesses can benefit from this scheme. This benefit is not available to other traders.
To apply for Pradhan Mantri Swanidhi Yojana you can go to any nearby government bank and get information about PM Swanidhi Yojana and get the form fill it fully and apply. In the application you also have to give the details of the business for which you are taking the loan.
Along with the application, the required documents must also be attached and all the documents will be checked and if everything is found to be correct, you will be approved for the loan and the loan amount will be credited to your account within a short time.
Important Document For Swanidhi Yojana
- Aadhaar Card
- Proof of business
- PAN card
- Bank account statement
- Address Verification
- Passport size photograph
| Official Website | Click Here |
Source: https://pmsvanidhi.mohua.gov.in/
