PM Loan Scheme: Now you can take loan up to Rs 50 thousand without guarantee..
There is no dearth of big industrialists as well as small businessmen in the country. In such a situation, the government is also taking the initiative to provide them with financial assistance and take them forward. Therefore, the government has run a scheme (PM Swanidhi) in which loans are provided to them. Under the PM Swanidhi scheme, Prime Minister Narendra Modi keeps talking to its beneficiaries. Before the talks, PM Modi will also hand over loan checks to one lakh street vendors at Jawaharlal Nehru Stadium in Delhi.
After all, what is this Swanidhi Yojana (what is PM Swanidhi Yojana) and how can it be availed? It is said that whether the work is small or big…one's work is ultimately one's own. But, the first requirement to carry forward any work is money. Often people borrow money on interest to meet this need, but instead of increasing their work, they remain trapped in the debt trap. For such needs, the Central Government launched a scheme in the year 2020, which is becoming a boon for shopkeepers, small businessmen, and street vendors. The name of this scheme is 'Svanidhi Yojana', under which a loan is available at a very low-interest rate without any collateral.
What is PM Swanidhi Yojana?
Let us tell you that in the year 2020, when the lockdown due to the Covid pandemic affected the people doing small business, the PM Street Vendors Self-reliant Fund (PM Swanidhi) scheme was started by the Central Government. If you want to take a loan under this scheme, you do not need to pledge anything as security. Under the scheme, an amount of up to Rs 50 thousand is available as a loan for one year. The interest charged on this loan is also very low.
Know who can avail the benefit of this scheme?
According to the information, those street vendors or small shopkeepers living in urban areas can avail of loans under this scheme (Street vendors or small shopkeepers can avail loan under this scheme), who are doing their business from 24 March 2020 or before. . To avail of the benefits of the scheme, the vendor must have a vending certificate from the urban local body. Vendors who have been identified in the survey but do not have vending certificates can also avail the benefits of the scheme through provisional certificates.
How much loan is available under PM Swanidhi Yojana?
Under PM Swanidhi Yojana, loans up to Rs 50 thousand under PM Swanidhi Yojana is available without collateral. Once the loan is approved, the first amount of Rs 10,000 is given, after repayment of which you can take a loan of Rs 20,000. If you repay this loan of Rs 20 thousand on time, then you can get a loan up to Rs 50 thousand. Banks or non-banking financial companies charge interest on this loan as per the guidelines of RBI.
How to apply for PM Swanidhi Yojana
To take a loan under the PM Swanidhi Scheme, you will have to contact your nearest government bank. There you will get a form, which you will have to fill with the necessary documents and submit it to the bank. After this, the bank officials will check your form and your work and if everything is found correct, your loan will be passed.
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