Online Application PM SVANidhi 2021

Pradhanmantri Swanidhi Yojana: Pradhan Mantri Svanidhi Yojana Online Application 2021 | PM Swanidhi Yojana Form | PM Street Vendor Scheme | Pradhan Mantri Swanidhi Scheme | PM Swanidhi Registration 2021

Learn how to register under PM SVANIDHI Yojana PM Street Vendor Atmanirbhar Nidhi | Street Vendor Atmanirbhar Scheme 2021, Self Fund Scheme, pm sannidhi scheme, pm sannidhi scheme apply online

Central Government on 1st June 2020 Prime Minister Street Vendor Self-Reliant Fund Scheme (PM Svanidhi Yojana) was started. Under this Pradhan Mantri Svanidhi Yojana, the central government will provide short term loans up to Rs 10,000 to hawkers, hawkers and rehdi laborers etc. This scheme was announced by Finance Minister Nirmala Sitharaman of Rs 20 lakh crore. self-reliant india campaign package was done in People can apply online by visiting the Pradhanmantri Svanidhi Yojana official website, if you are not able to apply online in the scheme by yourself, then you can also apply under the scheme by visiting your nearest CSC center.

Pradhan Mantri Swanidhi Yojana Form 2021

Government to provide short term loans up to Rs 10000 Pradhan Mantri Svanidhi Yojana 2021-22 With this scheme, street vendors will be able to resume their business without any delay. The government has named it as PM SVANidhi or PM Street Vendor Atmanirbhar Nidhi Scheme.

The main objective of PM Street Vendors Atmanirbhar Nidhi Yojana is to ensure that daily wage earners like vegetable vendors, fruit vendors continue to earn their livelihood. This short term assistance of Rs 10,000 will enable the small street vendors who have been badly affected due to the Covid 19 lockdown to resume their work. Pradhan Mantri Swanidhi Yojana will provide the initial working capital required for the purchase of items for sale.

Pradhanmantri svanidhi yojana 2021 Highlights

Scheme Name Pradhanmantri Swanidhi Yojana 2021
Launched By PM Narendra Modi
Launch Date 13 May 2020
Beneficiary Street Vendor
Objective of the plan Providing loan for new industry
Yojana Category Central Govt.
official website
Application Mode Online
Application Form Download
Scheme Status is on
registration year 2021
Scheme Guidelines Click Here
Loan Interest Rate 7% for one year

Who will get the benefit of Svanidhi Yojana 2021?

According to the initial data collected from the state governments, around 50 lakh street vendors have been given the PM Street Vendor Atmanirbhar (PM SVANIDHI) will be benefitted from the scheme. The central government will extend credit flow of Rs 5,000 crore to this sector. In addition, street vendors who use digital payments and timely repayments will be incentivized through monetary rewards.

Under this scheme of the government, each street vendor can take a loan of up to ₹ 10000. Daily laborers like street vendors, vegetable vendors, fruit vendors can return this loan in installments within 1 year, those who repay this loan on time, then those street vendors will get 7 percent annual interest subsidy on their accounts. At present there is no provision of penalty in the scheme for not repaying the loan on time.

PM Swanidhi Scheme Features

Prime Minister’s Svanidhi Yojana Or PM Street Vendor Atmanirbhar Nidhi Scheme is a unique scheme in itself, so there are many features of this scheme, which people will be able to take advantage of very easily, so let’s know about these special features of the scheme:

  • People will not need any kind of guarantee to take a loan under this scheme.
  • People will be given initial loan up to ₹ 10000 for 1 year.
  • Interest subsidy will also be provided to those who repay the loan on time.
  • Cashback facility will also be provided on digital payment of loan.
  • Application can be made in the scheme through mobile app and web portal
  • Fruit, vegetable vendors, daily laborers etc. will be able to establish their employment again by taking loans.

PM SVANIDHI Loan Interest Rate

There is a need to impose an interest cap for such loans, which need to be clubbed with the cost of funds. Ideally, it should be linked to the MCLR (marginal cost of funds based lending rate) rather than any particular rate fixed by the government. For the time being, the government has not yet provided information about the interest rate for the loans disbursed under the scheme.

PM SVANidhi loan is repayable over a period of 1 year, in monthly installments. on time / early repayment 7% interest subsidy.

PM SVANidhi Interest Subsidy

Sellers availing loan under this scheme are eligible to get interest subvention @ 7%. The amount of interest subsidy will be credited to the borrower’s account quarterly. Lenders will submit quarterly claims for interest subsidy during each financial year for the quarters ending June 30, September 30, December 31 and March 31.

The subsidy will be considered only in respect of accounts of those borrowers who are standard (as non-NPA as per extant RBI guidelines) on the respective claim dates and only during those months whose accounts remain standard in the respective quarter. Interest subsidy is available till March 31, 2022. The subsidy will be available on the loan extended before and after that date. In case of early payment, the admissible amount of subsidy will be deposited in one go.

Svanidhi Yojana Credit Guarantee

Loans under this scheme are likely to be under Mudra Yojana. Mudra loans are guaranteed by Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE). It is not easy to get claims for CGTMSE in case of default. Many questions are asked to settle the claims as well as view the loan appraisal report. So in case of NPAs, these loans will be a loss for the bankers.

PM SVANidhi Pre-Application Steps

If you are going to apply for taking benefits under Pradhanmantri svanidhi yojana then you should follow some guidelines of the scheme which are as follows:

1. Understand the loan application requirement

Understand the information and documents required to fill the Loan Application Form (LAF) for the scheme. Keep all the information ready before starting the application process. So that you do not face any kind of problem while applying.

2. Make sure your mobile number is linked with your Aadhaar

To take advantage of pradhanmantri svanidhi yojana your mobile phone must be linked with your aadhaar number. This will be required for your eKYC/Aadhaar verification during the online application process. It will also help you to get recommendation letter from ULB (in case required). It will help you to get benefits in future under government welfare schemes.

3. Check your eligibility status as per the rules of the scheme

You will be selected in any one of the four categories of street vendors released under the scheme. Check your status as per your category and documents/ information that you need to keep ready

Click on the link given below to know the categories of the scheme

Once you have followed the above 3 steps you are ready to start the application process on the portal. You can apply yourself directly and also through a Common Service Center (CSC) near you.

PM SVANIDHI Yojana Registration Offline [Old]

If any of you are thinking of applying in this pradhanmantri svanidhi yojana, then let us tell you that at present no official portal has been issued by the government to apply online in the scheme, although the government has to submit online application in the scheme. May launch a new portal for the scheme as soon as the government will launch a new portal for the scheme, we will inform you

Now you must be thinking that then how to apply in the scheme now, then as we told you that at present there is no process to apply online in the scheme, so you will have to apply in the scheme through offline only. Go to your nearest bank and fill the scheme application form

Update: Online Apply prosses now available on

PM svanidhi yojana online registration [Apply Online]

If any of you want to apply online in PM Street Vendor’s AtmaNirbhar Nidhi (PM Svanidhi) Yojana 2021, then you can do it by visiting the Offcial Website.

  • Now login by entering your mobile number
  • After that fill the application form and submit the required documents along with the application

Note: If you want to see the complete process of registration, then check the PDF notification issued by the official website, for this you can click on the link given below Click Here

PM SVANidhi Scheme FAQ

What is Pradhan Mantri Svanidhi Yojana?

PM Street Vendors Aatmanirbhar Nidhi is a special micro-credit facility scheme to provide affordable loans to street vendors. Under this scheme, 50 lakh street vendors who have done the vending on or before March 24, 2020, can take a loan of up to Rs 10,000.

Who are the street vendors under the Svanidhi scheme?

Any person who works in offering goods, goods, food items or goods or services of daily use to the general public such as street vendors, vegetable vendors, fruit vendors, daily laborers etc.

What are the objectives of PM SVANIDHI Yojana?

Providing working capital loans up to Rs.10,000 at a concessional rate of interest. The government will encourage regular repayment of loans and reward digital transactions.

When was the Pradhan Mantri Svanidhi Yojana launched?

PM SVANIDHI scheme was launched by whom?

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