In India, many people work as street vendors, selling goods and earning their livelihood by setting up their carts on the streets. The COVID-19 pandemic forced many of these vendors to stop working. To assist these vendors, the government has launched the PM Svanidhi Yojana. This scheme provides loans of up to ₹50,000 to help street vendors restart their businesses. The government will also provide subsidies to help them earn a good income.
To make street vendors self-reliant, the government offers loans without guarantees and at low interest rates. These loans can be repaid in installments. Over 5 million small traders will benefit from this scheme. If you are a street vendor, this scheme is very important for you. In this article, we will provide all the information about PM Svanidhi Yojana Online Apply and explain the eligibility criteria.
Who is eligible for Pradhan Mantri Swanidhi Yojana 2024?
To avail of the benefits by applying for PM Svanidhi Yojana Online, you must fulfill the following eligibility criteria:
- You must be an Indian citizen working as a street vendor.
- You must have an identity card or vending certificate issued by urban local bodies (ULBs).
- If you were identified in a survey but do not have a vending certificate or ID card, a provisional vending certificate will be created for you.
- If you missed the survey or started vending after this, you will need a Letter of Recommendation (LOAR) from the ULB or Town Vending Committee (TVC).
- If you are vending in nearby areas including rural or suburban areas within the limits of the LB, you will also require LOAR from the LB or TVC.
Documents required for Pradhan Mantri Swanidhi Yojana 2024
If you are a street vendor and want to benefit from this scheme, you will need the following documents:
- Aadhar card
- PAN card
- bank passbook
- Identity card issued by Urban Local Body (ULB)
- income proof
- Address proof
- passport size photo
How to apply for Pradhan Mantri Swanidhi Yojana 2024?
If you want to apply for PM Svanidhi Yojana Online Apply then you can easily apply online. Follow the detailed steps given below. Review the process before starting your application.
- Visit the official PM Swanidhi portal pmsvanidih.mohua.gov.in.
- Download and read the FAQ on the portal to understand all the information.
- To apply online, click on the option given on the home page of the portal.
- Verify your application by entering your mobile number.
- Complete Aadhaar Verification.
- Fill out the form with all the required information and upload the required documents.
- Submit the final form.
- Your application will be sent to your selected lender. The loan will be made available to you after physical verification and approval.
- Note: To check your application status, click on the “Know Your Application Status” option on the home page and enter your application number.
