Short Information: Many schemes are being run by the Central Government to increase self-employment. The government’s effort through these schemes is to promote self-employment, so that along with providing employment to oneself, it can also create opportunities for others. One such scheme has been started by the Central Government for the street vendors. The name of this scheme is PM Swanidhi Yojana.
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What is PM Swanidhi Yojana?
Under the Self-reliant India campaign, the Central Government has started the PM Swanidhi Scheme. This is a central government scheme. Under this scheme, street vendors are given credit facility without any collateral.
When was PM Swanidhi scheme started?
This scheme was started in June 2020 at the time of Corona epidemic.
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How much loan is available up to Rs.
Under PM Swanidhi Yojana, the government gives loans ranging from Rs 10,000 to Rs 50,000 to street vendors in three separate installments to meet their working capital needs. Under this scheme, you can take a loan up to Rs 10,000 for the first time. It has to be returned within a period of 12 months. As soon as you pay. You can take a loan up to Rs 20,000 in the second time and up to Rs 50,000 in the third time.
7 percent subsidy is available
If the period for which you have taken the loan. In that, if you repay the entire loan, then the government is giving a subsidy of 7 percent on the interest paid for the loan.
Cashback up to Rs 1200 is available
The government is promoting digital transactions under the PM Swanidhi scheme. If the vendor taking loan under PM Swanidhi Yojana makes digital transactions, he will also get cashback on transactions of Rs 25 and above. In this way, you can get cashback up to Rs 100 in a month.
According to the official website of PM Swanidhi, the government has so far issued loans to around 69 lakh vendors under this scheme.
Also Read: PM Svanidhi Yojana: Loan Is Available Without Guarantee Under Government Scheme.
