The applicants can now apply online for the PM Svanidhi Loan. The Government of India launched the PM Svanidhi Loan scheme for the citizens of India. All the citizens of India who belong to the labor category or roadside vendors are eligible to avail of the loan under the PM Svanidhi Loan scheme. The loan will help the roadside vendors to increase their business significantly and earn more. The applicant can get a loan of INR 50,000 under the PM Svanidhi Loan scheme. All the applicants who clear the eligibility criteria can fill out the application form on the official website to avail the benefits of this scheme.
Overview of PM Svanidhi Loan Apply Online
All the applicants who are roadside vendors in India and want to increase their business can apply for the PM Svanidhi Loan scheme. The loan will be given to the roadside vendors so that they can grow their businesses and create employment opportunities for unemployed citizens in India. With the help of the financial assistance from the Government of India, roadside vendors can increase their business. All the applicants who clear the eligibility criteria can fill out the application found on the official website. The financial assistance in the form of a loan will be transferred directly to the selected applicant’s bank account.
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Objective of PM Svanidhi Loan Apply Online
The main objective of PM Svanidhi’s loan scheme Is to provide financial assistance to the financially unstable citizens of India. With the help of the loan, the citizens of India can start or grow their roadside vendor business. With the help of the loan, the citizens of India can become self-dependent by opening their own small roadside vendor business. The loan amount will be transferred directly to the selected applicant’s bank account. The applicants can fill out the application form on the official website to avail the benefits of this scheme.
Key Highlights of PM Svanidhi Loan Apply Online
| Name of the scheme | PM Svanidhi Loan Apply Online |
| Launched by | Government of India |
| Objective | Provide loan |
| Beneficiaries | Roadside vendors |
| Official website | PM Svanidhi Portal |
Eligibility Criteria
- The Applicant must be a permanent resident of India.
- The Applicant must belong to the financially unstable section of the society.
- The applicant must want to do business or work on footpaths/roads in urban areas.
- The applicant must obtain a certificate of sales from the Municipal Corporation.
Benefits of PM Svanidhi Loan Apply Online
- The selected applicants will get a loan of up to INR 50,000 under the PM Svanidhi Loan scheme.
- The loan amount will be transferred directly to the selected applicant’s bank account.
- With the help of the loan, the applicant can increase they are roadside vendor business.
- With the help of the loan, the applicants can become self-dependent.
- The loan scheme will also provide a subsidy of 7% on the loan.
Required Documents
- Aadhaar card
- PAN card
- Bank account passbook
- Certificate of sales
- Current mobile number and
- Passport size photograph etc.
PM Svanidhi Loan Process
- The applicant first fills out the application form on the official website.
- After filling on the application form the applicant will receive a notification if he is selected for the scheme.
- The loan amount will be transferred directly to a selected applicants bank account
- The applicant will have to repay the loan within the prescribed time from the authorities.
Do PM Svanidhi Loan Apply Online 2024
- To apply for PM Svanidhi Loan the applicant can go to the official PM Svanidhi website by clicking on the link here.
- On the home page click on the option Apply for Laon 50k.
- A new page will appear on your screen.
- Enter your Aadhaar number and mobile number and click on Verify with OTP.
- Fill out the OTP that you have received.
- The application form will appear on your screen.
- Fill out all the details that are asked and attach all the necessary documents.
- Click on the option Submit to complete your process.
Login for PM Svanidhi Loan Apply Online
- To Login for the PM Svanidhi Loan, the applicant can go to the official PM Svanidhi website by clicking on the link here.
- On the home page click on the option Login as Applicant.
- A login page will appear on your screen.
- Enter your mobile number and click on Request OTP.
- Fill out the OTP that you have received.
- Click on the option Login to complete your process.
Contact Details
- querysvs[at]cgtmse[dot]in
FAQs
All roadside vendors in India are eligible to apply for the PM Svanidhi Loan.
The applicant is eligible to get a loan of up to INR 50,000 under the PM Svanidhi Loan.
The applicant must have a certificate of sales from the municipal corporation to avail of the loan under the PM Svanidhi Loan.