PM Svanidhi Yojana: Government gives Rs 50,000 to street vendors without any guarantee, know how to apply
To emerge from such a situation, a scheme of the government came in handy, which is named PM Svanidhi Scheme. This scheme has been started by the government for these people.
By taking advantage of this scheme, street vendors and people can start their work. Under this scheme, the government provides facilities to shopkeepers and small business owners by giving loans up to Rs 50,000.
Guarantee is not needed: PM Swanidhi Yojana
Let us tell you that the street vendors have the problem that they do not have any kind of guarantee to take the loan. Because of this they are not able to get loan. But there is no guarantee of any kind in this scheme of the government. In a way, there is a loan without any guarantee.
Loan can be taken more than once:
Let us tell you that the most important thing about PM Svanidhi Yojana of the central government is that you can take loan more than once in it. In this, the first customers get a loan of 10 thousand rupees.
It can be paid through monthly installments. Sufficient time is also available for this. You get one year to repay the one-time loan.
Loan taking process:
If you want to take loan then first you have to apply for this scheme. For this you have to go to any government bank. After this fill the form of PM Svanidhi Yojana.