Monday, June 14, 2021

PM Svanidhi Yojana Online Registration 2021, How to Apply for PM Svanidhi? PM Svanidhi Yojana Online Application Form, Eligibility Criteria, and All Important Info on PM Svanidhi Scheme!

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PM Svanidhi Yojana Online Registration

The PM Street Vendor’s Atma Nirbhar Nidhi( PM SVANidhi) was launched on June 1, 2020, by the Ministry of Housing and Urban affairs. Registration for the PM Svanidhi scheme can be done online and through a nearby Common Service Centre(CSC). You can learn the application process, eligibility criteria, etc., in this article. Listed below are some of the benefits and incentives availed through the PM Svanidhi Scheme,

  • Interest Subsidy at the rate of 7% per annum upon regular repayment of the loan.

  • Cashback of upto INR1200/- per annum upon undertaking prescribed digital transactions.

  • Eligibility for enhanced loans of larger proportion.

About 2 million applications have been received, out of which, 752191 have been sanctioned, and 218751 loans have been disbursed already.

How to Apply PM Svanidhi Yojana Online Registration?

Before you can register for the scheme, there are three pre-application steps that applicants need should know. You can find them listed below,

  1. Be aware of the loan application requirements. You can use this link to view all necessary information and download the application form.

  2. Ensure that you have a mobile number linked to your Aadhar.

  3. Check the Eligibility status mentioned in the Government notification.

Applicants can use the detailed guidelines provided by the government to know about the PM Svanidhi Yojana in-detail. Once you’ve ensured all this, visit the official PM SVANnidhi portal and begin your application process through your registered mobile number.

PM SVANnidhi Yojana Eligibility Criteria

Listed below are the Eligibility Criteria that all applicants must satisfy,

  • Street Vendors must own a Certificate of Vending/Identity Card issued by Local Bodies(ULBs)

  • Street Vendors identified in the survey but not in possession of Certificate of Vending/Identity Card will be provided with a Provisional Certificate of Vending generated through an IT-based platform.

  • Street Vendors left out in the ULBled identification survey or who started vending after the completion of the survey and have in their possession, a Letter of Recommendation(LOR) to that effect by the ULB/Town Vending Committee(TVC).

  • Street Vendors in surrounding development/ peri-urban/ rural areas but within the geographical limits of ULBs and have in their possession a Letter of Recommendation(LoR) issued by the ULB/TVC.

How to Apply for PM Svanidhi?

Given below are the steps for applying for PM Svanidhi Scheme,

  1. Ensure that you have gone through the Pre-application process.

  2. Ensure that you satisfy the Eligibility Criteria.

  3. Visit the official  PM SVANnidhi portal.

  4. Click on Apply for Loan.

  5. Enter your Aadhar linked phone number and complete captcha verification.

  6. Select your category and fill in all the details.

  7. Click on Submit.

PM SVANnidhi Yojana Online Application Form

The PM SVANnidhi Yojanaonline application form can be acquired through this link. Applicants can download the form and fill in all the details. Other documents required are Aadhar card, voter’s identity card, driving license, MNREGA card, and PAN card. Documents can be uploaded through the PM SVANnidhi portal. Street Vendors can avail of a collateral-free loan of up to  INR10,000/- of one-year tenure through this scheme.

Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

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