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The central and state governments run many schemes to benefit the people. Today we will tell you about a scheme that can help you make your dreams come true. If you want to start a street food business then this news is for you. The aim of this scheme launched by the Government of India is to help street vendors become self-reliant. Here we will tell you what this plan is and what are its benefits. Who can apply for it and how to apply.
what is this plan
PM Swanidhi Yojana was launched by the central government on 1 June 2020. The aim of which was to make the rickshaw-lorry workers who lost their jobs during the Corona period self-reliant by giving them financial help. This scheme is a big initiative for street food vendors in India. With the Pradhan Mantri Swanidhi Yojana, you can start your street food business and become self-reliant.
Benefits under PM Swanidhi Scheme
– Loan up to Rs 10,000: You can get an unsecured loan of up to Rs 10,000 for 1 year to start or grow your street food business.
– Interest subsidy: If you repay the loan on time, you will get interest subsidy up to 7 percent.
– Cashback: If you make digital payments, you will get a cashback of up to Rs 1200 every month.
– Easy EMIs: Loan EMIs can be repaid at an interest rate as low as 7%.
-Easy Application Process: Applying for the loan is also easy and you need to submit minimum documents.
Who can apply
Only Indian citizens can avail the benefits of this scheme. Apart from this, if a person is running a business on the sidewalk for at least 2 years, he can take a loan under the Pradhan Mantri Swanidhi Yojana to expand his business. People who want to start their new street food business can also benefit from this scheme.
How much benefit can be obtained
Under this scheme, a loan of up to Rs 50,000 can be availed without guarantee. On approval of the loan, you first get Rs 10,000. After paying this amount, you can take a loan of Rs 20,000. If you repay this loan on time, you can get a loan of up to Rs 50,000 again. Banks or non-banking financial companies charge interest on these loans as per RBI guidelines.
How to apply for Swanidhi scheme
If you also want to take advantage of this scheme, then you can apply today. For this, you should contact the nearest bank or microfinance institution. Apart from this, you can also apply on the official website of the scheme https://pmsvanidih.mohua.gov.in/ You can also apply online by visiting . For this, you will have to keep Aadhar card, PAN card, voter ID, business proof and passport size photo ready as documents.
For more information related to this scheme you can visit the website of Pradhan Mantri Swanidhi Yojana https://pmsvanidih.mohua.gov.in Or you can take help from toll free number 1800-208-3736.
