PM SVANidhi Yojana or Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Scheme 2022 is a new scheme launched earlier on 1 June 2020 by Central government to provide short term loans of upto Rs. 10,000 to street vendors (rehdi / patri valas / phereewala). PM Svanidhi yojana online applications are being invited through the official website of the scheme at pmsvanidhi.mohua.gov.in.
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| PM SVANidhi Yojana Online Registration / Application Form 2022, Beneficiary List, Dashboard & Guidelines |
PM Svanidhi Yojana applications can also be made offline at banks or Common Service Centers to avail a loan of up to Rs. 10,000. Eligible street vendors can also check their name in the PM Svanidhi Yojana list of beneficiaries through street vendor survey search facility at the official portal.
PM SVANidhi Yojana Online Application Form 2022
In order to provide initial working capital loan of upto Rs. 10,000, govt. has started PM Street Vendor Atmanirbhar Nidhi (PM SVANidhi) Scheme 2022. The apply online process for street vendor self reliant scheme had been specified earlier on 29 June 2020. Below is the complete process to apply by filling PM SVANidhi online application / registration form.
Apply for PM Svanidhi Yojana Letter of Recommendation
The street vendors who do not have any identity card or certificate to prove their status as vendors can now apply online for the “Letter of Recommendation” which will help them avail a loan under the PM SVANidhi Yojana.
Progress of PM Svanidhi Yojana
Vendors, availing loans under the scheme, are eligible to get an interest subsidy of 7 per cent. All street vendors engaged in vending as on or before March 24, 2020, can avail working capital loan up to Rs 10,000 with tenure of 1 year that needs to be repaid in monthly instalments. On timely or early repayment, the vendors are eligible for the next cycle of working capital loan with an enhanced limit.
About 28.66 million first term loans have been sanctioned by banks, out of which loans to 25.78 million borrowers have been disbursed. About 2,07,781 first term loans have already been repaid. For the second term loan, 32,630 total applications have been received, out of which 20,011 loans have been sanctioned and loans to 13,422 borrowers have been disbursed.
The discussions regarding the changes have taken place, and would help such borrowers avail more credit as most of these vendors are due for the second term loan. “This would help in providing credit to such vendors during the festive season,” the official quoted above said. The higher amount would make the scheme attractive for vendors, and at the same time bring them under the formal credit channel, he added. The proposed expansion of the scheme would soon be place before the Cabinet for approval by the Cabinet Secretariat, the official said.
Apply for PM Svanidhi Yojana Letter of Recommendation
The street vendors who do not have any identity card or certificate to prove their status as vendors can now apply online for the “Letter of Recommendation” which will help them avail a loan under the PM SVANidhi Yojana.
PM Svanidhi Loan Application Form PDF
To download PM Svanidhi Yojana Loan Application Form in PDF format, visit the same official PM SVANIDHI Scheme Portal at http://pmsvanidhi.mohua.gov.in/. At this page, go to “Planning to Apply for Loan” section, follow 3 steps before applying online. These 3 steps are Understand the Loan Application requirements, make sure your mobile no is linked to your Aadhaar, check your eligibility status as per scheme Rules and then click at “View More” button.
At the new page, click at the “View / Download Form” link and the PM Svanidhi Common Loan Application Form will appear as shown below:
Impotant link
- PM Svanidhi Application Form PDF: Download Now
- Offcial websait :click here
- Visit to home page:click here
- In case of any query regarding the scheme / procedure, you can contact at the respective state’s nodal officer at the landline / mobile number or email ID given at this page https://pmsvanidhi.mohua.gov.in/Home/Contact
- In case of any grievance, you may contact the following officer in the Ministry:
- Director (NULM), Room no.334-C, Ministry of Housing & Urban Affairs, Nirman Bhawan, Maulana Azad Road, New Delhi – 110011. The concerned official e-Mail ID is [email protected], Tel: 011-23062850.
- Central govt. on 27 April 2022 approved the continuation of flagship scheme to provide subsidized collateral free loans to street vendors under PM Street Vendor’s Atmanirbhar Nidhi (PM Svanidhi) scheme till December 2024. The scheme launched after the surge of COVID-19 aims to provide quick loans to street vendors to restart their business. The scheme was originally planned till March 2022.
- Through the scheme, affordable collateral-free loans are being facilitated to the street vendors. The scheme had envisaged to facilitate loans amount of Rs. 5,000 crore. Today’s approval has increased the amount to Rs. 8,100 crore. The budget for promotion of digital payments, including cashback to vendors, has also been enhanced. It is likely to benefit 1.2 crore people, the government said.
- In Order to apply online for the letter of recommendation, interested candidates can visit this link. And, enter theri mobile number which is attached to Aadhar Number, and enter and verify the OTP on the next screen.
- On the next page, enter your Aadhar number and again verify the OTP and verify it.
- After verifying the Aadhar number, you will see the loan application form, fill all the required details and select “Yes” in the Request for Local enquiry report by the TVC/ULB (Request letter to the ULB) dropdown under the “Documents” section and click “Submit” button.
- You can also apply offline for Letter of Recommendation with the Urban Local Body through a simple application on white paper to conduct local inquiry to ascertain the genuineness of the claim as vendor. ULBs will have to dispose of the request for issue of LoR within a period of 15 days.
- After the vendors gets the LoR, they will be issued certificate of vending or identity card within a period of 30 days.
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