PM Svanidhi Yojana: Many types of schemes are run by the Central Government for common citizens. One such scheme is also being operated at present, yes! Yes, we are talking about Pradhan Mantri Svanidhi Yojana, through which common traders and ready people can take loans to expand their business. Who can take advantage of this scheme and who can apply for it, we are giving detailed information about all this here.
Prime Minister Svanidhi Yojana 2024
The central government is providing the facility of giving small loans to such small and marginal traders of the country who run a ready or do small business to expand their business. Any small and medium level businessman can take advantage of this scheme.
Table of Contents
| Scheme Name | Prime Minister’s Swa-Nidhi Scheme 2024 |
|---|---|
| Scheme Operation | By the Central Government |
| Beneficiaries of the Scheme | Small and Medium Entrepreneurs |
| Scheme Website | Click Here |
Who can avail the benefits of PM Svanidhi Yojana?
Let us know who can take advantage of this scheme. Mainly street sellers and street traders can avail the benefits of this scheme. Like vegetable sellers, food vendors and others who do this work can take advantage of this.
Features and benefits of PM Svanidhi Yojana
- No guarantee is required for one year on the loan received under this scheme.
- The maximum amount received under this scheme is only Rs 20 thousand, but if you repay this loan on time, then this loan amount increases.
- Apart from this, if you take advantage of this scheme, then subsidy is also given on the interest charged on this loan.
- If you repay this loan before time, there is no penalty of any kind on it, which makes this scheme different from other schemes.
- Transparency is also visible under this scheme.
- Providing capital i.e. loan to any working person.
How to apply for this scheme?
If you want to take advantage of this scheme, then for that you have to go to any government bank near you and apply there. You have to take the application form from your nearest bank and attach some important documents along with it. After this, that form and documents have to be attached with this form.
After this, your form and your work is scrutinized and if everything is found correct then the loan amount is given to you. You can apply for this scheme only through offline banks.
Documents required for PM Svanidhi Yojana
These important documents are required to apply under PM Svanidhi Yojana.
- Applicant’s identity card and Aadhar card.
- Information about the work the applicant does.
- pen card
- It is necessary to have a savings account in the bank.
- Sources of income etc.
- All these documents are necessary for this.
Subsidy on loan
If an applicant repays this loan before time, he is given a subsidy of up to 7% on the interest rate charged on the loan. Apart from this, if you repay the loan before time, you do not have to pay any kind of penalty on that also.
For other yojana check