Official Website : www.pmsvanidhi.mohua.gov.in Pm Svanidhi Yojana Registration Portal 2024 login : Apply Online, Status, Scheme Details Check Online.
Pm Svanidhi Yojana Registration Portal 2024
Prime Minister Narendra Modi has launched the PM Svanidhi Yojana to support street vendors. This scheme provides loan assistance of up to ₹50,000 to help street vendors restart their businesses. Additionally, the government offers subsidies along with the loan to help vendors earn a good income. To make street vendors self-reliant, loans are provided without any guarantee and at low-interest rates. This scheme is particularly beneficial for street vendors, as it aims to support over 50 lakh small traders across the country. In this article, we will provide you with comprehensive information about the PM Svanidhi Yojana 2024 and explain how you can apply for it to take advantage of its benefits. Let’s delve into the details of the PM Svanidhi Yojana.
Latest news about the PM Svanidhi Scheme for 2024 :
- Street vendors and small traders across India can access loans up to ₹10,000 through 3.8 lakh CSC centers.
- According to CSC e-Governance Services India, 41,18,397 applications have been submitted.
- Out of those, 23,87,276 applications were approved.
- Loans totaling ₹10,000 have been distributed to 20,06,147 applicants.
- Entrepreneurs who receive loans are encouraged to make timely repayments and are rewarded for digital transactions.
PM Svanidhi Yojana 2024 :
| Scheme Name | PM Svanidhi Yojana |
|---|---|
| Launched By | Prime Minister Narendra Modi |
| Beneficiaries | Street Vendors/ Hawkers |
| Objective | Provide loan facilities without guarantees to street vendors and hawkers |
| Loan Amount | Up to ₹50,000 |
| Category | Central Government Scheme |
| Application Process | Online and Offline |
| Official Website | pmsvanidhi.mohua.gov.in |
What is PM Svanidhi Yojana 2024 ?
Introduction and Purpose :
- Launched by the Ministry of Housing and Urban Affairs in 2020.
- Provides loans to street vendors to restart their businesses, along with interest subsidies.
Loan Distribution :
- The loan amount is provided in different stages:
- First installment: ₹10,000
- Second installment: ₹20,000
- Third installment: ₹50,000
- If the applicant repays the loan on time, they receive a 7% interest subsidy and no penalty.
Objective :
- The main aim is to make street vendors self-reliant by providing up to ₹50,000 in loans without any guarantee.
- Promotes digital payments.
- Offers a 7% interest subsidy for timely repayment to encourage and improve the economic condition of small traders.
PM Svanidhi Yojana 2024 :
- The PM Svanidhi Scheme, or Prime Minister Street Vendors Atmanirbhar Nidhi Scheme, was launched on June 1, 2020, by Prime Minister Narendra Modi.
- This program aims to assist street vendors and small businesses hit hard by the COVID-19 pandemic, providing them with financial support to cope with income loss.
- Its goal is to offer financial aid to street vendors, including various small trades such as barbering, cobbling, selling paan, hawking, selling fruits, running laundry shops, and other small businesses.
- The scheme provides loans at very low interest rates, making it easier for vendors to access funds compared to typical loan options.
Benefits and Features of PM Svanidhi Yojana 2024 :
- No Guarantee Loans : Loans are provided without any guarantee to help street vendors start their businesses.
- Loan Amounts : Beneficiaries can receive loans ranging from ₹10,000 to ₹50,000 with interest subsidies.
- Interest Subsidy : A 7% interest subsidy is provided for timely repayment.
- No Penalty : No penalty is charged for the loans taken under this scheme.
- Loan Installments :
- First installment: ₹10,000, repayable within 12 months.
- Second installment: ₹20,000, repayable within 18 months if the first installment is repaid on time.
- Third installment: ₹50,000, repayable within 36 months if the second installment is repaid on time.
- Encourages Entrepreneurship : Helps boost small businesses and improve the economic status of street vendors.
- Improves Lifestyle : Aims to bring positive changes to the lifestyles of street vendors.
- Eligibility : Open to vendors selling vegetables, fruits, food items, or other goods through street vending.
How to Apply for PM Svanidhi Yojana 2024 ?
- Visit Official Website : Go to the official PM Svanidhi Yojana website.
- Home Page : The home page of the website will open.
- Login : Click on the “Login” option.
- Applicant Option : Click on the “Applicant” option.
- New Page : A new page will open.
- Enter Mobile Number : Enter your mobile number and the given captcha code.
- Request OTP : Click on “Request OTP.” An OTP will be sent to your mobile number.
- Verify OTP : Enter and verify the OTP on the next page.
- Application Form : The application form will open. Carefully fill in the required information.
- Upload Documents : Upload the necessary documents.
- Submit Form : Click on the “Submit” option.
- Print Application : Print out the application form.
- Submit to Bank :
- Attach all required documents to the application form and submit it to your nearest bank branch.
- The bank will verify your documents.
- Once verified, you will receive the loan.
Eligibility for PM Svanidhi Yojana :
- Citizenship: Only Indian citizens who work as street vendors are eligible.
- Identification: Must possess an identification card or vending certificate issued by Urban Local Bodies (ULB).
- Provisional Certificate: If identified in the survey but haven’t received a vending certificate or ID card, a provisional vending certificate will be issued.
- Survey Inclusion: If not included in the identification survey or started vending after the survey, a Letter of Recommendation (LOAR) from ULB or Town Vending Committee is required.
- Vending Location: Vendors operating in rural or suburban areas within ULB limits will also need an LOAR from ULB or PVC.
Required Documents for PM Svanidhi Yojana 2024 :
- Aadhar Card
- PAN Card
- Residence Proof
- Income Certificate
- Ration Card
- Identification card issued by Urban Local Bodies (ULB)
- Bank Passbook
- Passport-size Photo
- Mobile Number
How to Check PM Svanidhi Yojana Application Status ?
- Visit Official Website : Go to the official PM Svanidhi Yojana website.
- Home Page : The home page of the website will open.
- Check Status : Click on the “Check Status” option.
- New Page : A new page will open.
- Enter Application Details : Enter your application number and mobile number.
- Show Status : Click on the “Show Status” option.
Login Procedure :
- Go to pmsvanidhi.mohua.gov.in.
- Select the “Login” option from the menu bar.
- Choose “Applicant” from the drop-down menu.
- Input your mobile number and captcha code to log in.
Check Vendor Survey List :
- Go to pmsvanidhi.mohua.gov.in
- Select “Scheme Instructions” from the menu bar.
- Click on “Vendor Survey List” from the drop-down list.
- Input your area information, vendor ID card number, certificate of vending number, vendor name, and mobile number.
- Click on “Search” to display the list on your screen.
Check Urban Local Body :
- Go to pmsvanidhi.mohua.gov.in
- Select “Scheme Instructions” from the menu bar.
- Click on “Urban Local Body” from the drop-down list.
- A new page will display the list of urban local bodies.
Planning to Apply for a Loan ?
Step 1: Understand the Loan Application Requirements
- Review the information and documents needed to complete the Loan Application Form (LAF) for the scheme.
- Ensure you have all the required details ready before beginning the application process.
- [View/Download the form]
Step 2: Link Your Mobile Number to Aadhaar
- Verify that your mobile phone number is linked to your Aadhaar number. This is necessary for e-KYC/Aadhaar validation during the online application.
- Linking will also help you obtain a Letter of Recommendation from the ULB, if needed, and facilitate future benefits from government welfare schemes.
- For updating your mobile number, fill out the required form; no additional documents are needed. Find details of the nearest Aadhaar center through the UIDAI portal.
3rd Step : Check Your Eligibility Status
- Identify which of the following 4 categories you fall into as a street vendor.
- Prepare the necessary documents and information based on your category status.
Category :
| Category | Vendor Status | Action Required by Vendor |
|---|---|---|
| A | Vendor covered in ULB survey and issued Certificate of Vending (CoV) or ID Card by ULB or Town Vending Committee | – Check your name in the survey list on the portal and note your Survey Reference Number (SRN). – Keep a copy of your CoV or ID card ready for uploading during the application process. |
| B | Vendor covered in ULB survey but not issued CoV or ID Card | – Check your name in the survey list on the portal and note your Survey Reference Number (SRN). – A Provisional CoV will be generated by the system during the online application. |
| C | Street vendors left out of ULB-led survey or started vending after survey completion | C1: Vendor issued Letter of Recommendation (LoR) by ULB/TVC – Keep a copy of LoR ready for uploading. C2: Vendor not issued LoR – Declare one of the following : i. Vendor has received One-Time assistance during Covid lockdown. ii. Vendor is a member of the vending /Hawkers association. |
| D | Street vendors in surrounding development/peri-urban/rural areas vending within ULB limits (not covered in survey) | D1: Vendor issued Letter of Recommendation (LoR) by ULB/TVC – Keep a copy of LoR ready for uploading. D2: Vendor not issued LoR – Declare one of the following: i. Vendor has received One-Time assistance during Covid lockdown. ii. Vendor is a member of the vending/Hawkers association. |
Application for Letter of Recommendation (LOR) :
- Go to pmsvanidhi.mohua.gov.in.
- Click on the “Apply For LOR” option.
- Enter your mobile number and captcha code on the new page that appears.
- Provide your Aadhar details and submit the application for the LOR as instructed on the screen.
OFFICIAL WEBSITE >> pmsvanidhi.mohua.gov.in >> PM Svanidhi Yojana 2024
Click Here to Access Official Web Portal of Pradhan Mantri Svanidhi Scheme 2024.
- Pm Svanidhi Yojana Registration Portal 2024
- What is PM Svanidhi Yojana 2024 ?
- PM Svanidhi Yojana 2024 :
- Benefits and Features of PM Svanidhi Yojana 2024 :
- How to Apply for PM Svanidhi Yojana 2024 ?
- Required Documents for PM Svanidhi Yojana 2024 :
- How to Check PM Svanidhi Yojana Application Status ?
- Login Procedure :
- Check Vendor Survey List :
- Check Urban Local Body :
- Planning to Apply for a Loan ?
- Category :
- Application for Letter of Recommendation (LOR) :
- OFFICIAL WEBSITE >> pmsvanidhi.mohua.gov.in >> PM Svanidhi Yojana 2024
- Related