SVANidhi Yojana 2021- Svanidhi Yojana | Online application form

SVANidhi Yojana 2021:-Friends, today we are going to talk about Svanidhi Yojana 2021 and together we will tell you complete information related to this scheme like what is the purpose of the Svanidhi scheme, what are its benefits, and what is the process of applying in it. It has been decided to start SVANidhi Yojana by the dear Prime Minister of our country, Shri Narendra Modi, under this scheme, a loan of Rs 10000 will be provided to the people living in the country to start their own work. The benefit will be made available to all the small street vendors of the country. If you also want to take advantage of this scheme, then you have to read this article in detail.

PM SVANidhi Yojana

Under this scheme, a loan of Rs 10,000 will be provided by the government to the people selling small things on the road, with the help of which I will be able to start my own business. This loan will have to be repaid within 1 year by the people with the remaining tracks. If this loan is repaid by the people on time, then a 7 percent annual interest subsidy will be transferred to their accounts by the government. So far, more than 50 lakh people have been covered under the Svanidhi scheme, under which vendors, hawkers, hawkers, street vendors, fruit vendors, etc. have been included.

SVANidhi Yojana
SVANidhi Yojana

A gift for 72 street vendors under the SVANidhi Yojana

Loans were provided to 72 street vendors during the two-day awareness camp organized by the Badi Brahmin Municipal Committee. Asghar Hussain, Director of Local Bodies Jammu, covered street vendors working in the jurisdiction under this scheme, and 72 people were provided loans to establish their employment. Simultaneously, the executive officer of the municipality announced that as soon as possible, the people with the paved tracks should get their own application under this scheme and get the benefit of this facility. This is a golden opportunity for the street vendors who are suffering financially during the nationwide lockdown.

Highlights Of SVANidhi Yojana

  • Scheme Name SVANidhi Yojana 2021
  • It was launched by Prime Minister Narendra Modi
  • Start date 1st June 2020
  • The objective of the scheme to provide a loan
  • The beneficiaries of the scheme are street vendors
  • The benefit of the scheme Providing 10000 rupees to street vendors to start their own business
    Loan Rs 10,000
  • interest 7 percent
  • Loan repayment time 1 year
  • Application Type Online
  • Official website pmsvanidhi.mohua.gov.in

Objective Of SVANidhi Yojana 2021

Due to Coronavirus infection in the country, every person is facing a lot of difficulties, in such a situation, it is becoming very difficult for the country’s street vendors and vendors to make a living. Keeping this in view, the Central Government has started the Svanidhi scheme. Under this scheme, the street vendors will be provided loans at an interest rate of seven percent by the government to start their work. The main objective of this scheme is to make the people of Lehri tracks self-reliant and empowered. There will be a lot of change in the economic condition of poor people through the loan given under SVANidhi Yojana.

Loans provided under Svanidhi Yojana

Under the Svanidhi scheme, a package of Rs 50,000 crore has been set by the government to provide assistance to the people who set up shops on street tracks. And under this scheme, a loan of Rs 10000 will be provided by the government to the people having 30000 wave tracks. If you also want to take advantage of this scheme, then you have to apply under this scheme. The repayment period for the loan taken under this scheme is 1 year. Along with this, an interest subvention of 7% will also be provided by the government under the Svanidhi scheme.

  • by whom the loan will be given
  • scheduled commercial bank
  • small finance bank
  • regional rural bank
  • nonbanking finance companies
  • Microfinance Institutions and SHG Bank
  • Cooperative bank
  • Svanidhi Scheme Statistics
  • 26.62 lakh applications have been approved so far.
  • And 1373.33 crore has been provided to 30 states.

How many people will get the benefit of Swanidhi Yojana

The process of providing loans under SVANidhi Yojana was started on 2nd July 2020 out of which more than 48000 street vendors have been provided loans under the scheme. So far, the Sab Nidhi scheme has crossed the 5 lakh mark and within 41 days due to the lockdown, more than 100000 people have applied for loans in this scheme.

Who can apply under Svanidhi Yojana

  • vegetable seller
  • fruit seller
  • ready to eat street food
  • barbershop
  • cobbler
  • Panwari
  • Dhobi
  • tea stall
  • bread fritters and egg sellers
  • book and stationery seller
  • Artisan
  • Loan providing institutions under SVANidhi Yojana
  • scheduled commercial bank
  • regional rural bank
  • small finance bank
  • Microfinance Institutions and SHGs
  • non-banking finance company
  • Cooperative bank

7 percent subsidy under SVANidhi Yojana 2021

As we all know that due to Coronavirus, a very good scheme has been taken out by the government, under this scheme, a loan of Rs. And the time of repayment of this loan has been kept for 1 year and if the loan is repaid by a person before 1 year, then the subsidy of up to 7 percent interest will be transferred to his account by the government.

Benefits of SVANidhi Yojana 2021

  • Under this scheme, a loan of 10000 rupees will be provided to the people living in the country so that they can start their own business.
  • The benefit of SVANidhi Yojana will be provided to the people selling goods on the narrow roads of the country.
  • The benefit of this scheme has been extended to more than 50 lakh people so far.
  • The repayment period of the Svanidhi Yojana loan is 1 year, if one repays the loan prematurely, then he will be provided an annual interest subsidy of 7%.
  • Under this scheme, the people living on the tracks will become self-sufficient and empowered.
  • Under this scheme, the entire money in the account will come in three times i.e. every 3 months a hardship will be provided.
  • The official website has been started for applying in the scheme

Which states and union territories will be eligible to give loans under the SVANidhi Yojana 2021

The Swanidhi scheme is available only to the beneficiaries of those states and union territories which have complied with the rules and schemes under the Street Vendors (Protection of Livelihoods and Regulation of Street Vending) Act, 2014. Beneficiaries of Meghalaya, who have their own State Street Vendors Act can still participate in this scheme.

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ELIGIBILITY FOR APPLICATION

  • Street vendors having Vending Certificate/Identity Card issued by Urban Local Body.
  • Street vendors who have been identified in the survey but have not been issued a certificate of vending / identity card by the local body.
  • An IT-based platform has been prescribed for such vendors through which the final vending certificate will be generated. ULBs have been directed to issue a permanent certificate of vending and identity cards to such vendors immediately and positively within a period of one month.
  • Street vendors, who have opted out of the ULBEd identification survey or who have started vending after the completion of the survey, have been issued a recommendation letter to this effect by the Town Vending Committee (TVC).
  • A letter of recommendation to this effect has been issued by the ULBs and TVCs to the street vendors working in the surrounding urban and rural areas selling within the limits of urban local bodies.
  • Further, ULBs may adopt any other alternative method to identify such vendors to ensure that all eligible vendors are covered positively.
  • Vendors who have gone back to their native places due to COVID-19, some identified/surveyed or other vendors who are doing vending in urban areas have left for their native places before or during the lockdown period. Such vendors are likely to come back after the COVID-19 situation normalizes and resumes their business. These vendors, whether rural or city residents will be eligible for loans on their return as per the eligibility criteria.

Documents for application

  • Aadhar Card
  • Voter ID Card
  • bank account passbook
  • passport size photo
  • mobile number

Process of Online Application under Svanidhi Yojana (Apply SVANidhi Yojana)

The interested beneficiaries of the country who want to apply under the scheme have to follow the steps given below.

  • First of all, you have to go to the official website of this scheme.
  • After visiting the official website, the home page will open in front of you
  • On this home page, you have to click on the option of View More in the section Planning to Apply for Loan.
  • After this a new page will open in front of you, here you will see the option of View Download Form, you have to click on it.
  • You have to download this PDF form.
  • After downloading, you have to enter all the information asked in it correctly.
  • After entering, you have to attach all your necessary documents.
  • After entering the application form, go to the institutions mentioned below and submit it.

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Procedure to Login Login SVANidhi Yojana

  • First of all, you have to go to the official website of this scheme.
  • After visiting the website, the home page will open
  • On this home page, you have to click on the Login option
  • After clicking, some options will open in fronts of you such as Applicant, Lenders, Ministry/States/ULB’s, CSC Connect, and City Nodal Officer
  • From these options, you have to choose according to your category.
  • After selecting, a new form will open in front of you.
  • In this form, you have to enter your username account password
  • After entering you have to click on the Login button
  • In this way, you will be able to log in.

List Of Lending Institutions

  • First of all, you have to go to the official website of this scheme.
  • After visiting the website, the home page will open in front of you.
  • On this home page, you have to click on the option of View More.
  • After clicking, a new page will open in front of you.
  • On this page, you have to click on the option of Lenders List.
  • After clicking, the list of banks will open in front of you.

Street vendor survey search check

  • First of all, you have to go to the official website of this scheme.
  • After visiting the website, the home page will open in front of you
  • On this home page, you have to go to the section of Scheme Guidelines.
  • In this section, you will see some options, out of these options you have to click on the Vendor Survey List option.
  • After clicking, a new page will open in front of you.
  • The information asked on this page such as State ULB Name has to be entered.
  • After entering you have to click on the Search button.
  • This is how you can check street vendor survey

PM Svanidhi App Download Process (Mobile App Download)

  • First of all, you have to open the google play store on your mobile.
  • After opening the Google Play Store, the search box will be full in front of you.
  • In the search box, you have to search the PM Svanidhi app.
  • Now you have to click on the install button.
  • In this way, the app will be downloaded on your mobile.

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SVANidhi Yojana Payment Aggregator

  • First of all, you have to go to the official website of this scheme
  • After visiting the website, the homepage will open.
  • On this home page, you have to click on the option of View More under Planning to Apply for Loan.
  • After clicking, a new page will open in front of you.
  • On this page, you will see the option of Payment Aggregator.
  • You have to click on this option, after clicking you will see many options.
  • You can make payment by selecting any one of this option

Letter of Recommendation Online Application Process

  • First of all, you have to go to the official website of this scheme.
  • After visiting the website, the home page will open.
  • On this home page, you have to click on the option of Apply For LoR.
  • After clicking, a new page will open in front of you
  • On this page, you have to enter your mobile number.
  • After entering the mobile number, you have to click on the button of Verify OTP
  • In this way, OTP will be received on your registered mobile number.
  • After entering the OTP, you have to click on the submit button.
  • In this way, a form will open in front of you, you have to enter all the information asked in it.
  • After entering the information you have to attach your important documents
  • Now you have to click on submit button
  • In this way, you will be able to apply for a letter of recommendation.

Contact Information

  • First of all, you have to go to the official website of this scheme.
  • After visiting the website, the homepage will open.
  • On this home page, you have to click on the option of Contact Us.
  • After clicking a new page will open
  • The contact details will open in front of you on this page.

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