The government is giving 10,000 rupees
In such a situation, if you or someone you know cannot set up a street vendor due to lack of capital, there is good news for you. Now you can take a loan of up to Rs 10,000 without guarantee under ‘Pradhan Mantri Swanidhi Yojana’. For this you can go to your nearest bank and start a business with a loan of 10 thousand rupees under this scheme. Let us know the details about this scheme.
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Highlights of the scheme
Under this, the mobile number of the borrower needs to be linked with Aadhaar.
Remember, this loan will be available to those who were engaged in this type of work on or before March 24, 2020.
The term of this loan plan is only till March 2022, so complete the process soon.
Street vendors, whether urban or semi-urban, rural, can get this loan.
The interest on this loan is subsidized and the money is transferred to the account on a quarterly basis.
Get guaranteed free loan
Under this scheme, street vendors can get unsecured loan up to Rs 10,000 for one year. In other words, in this scheme you do not have to give any kind of guarantee to take a loan. This will allow you to repay the loan in monthly installments.
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Do you know how much subsidy is available?
It is to be noted that if the seller regularly repays the loan obtained under PM Swanidhi scheme, he is provided 7 per cent interest subsidy per annum. The amount of interest subsidy will be sent directly to the beneficiary’s bank account on a quarterly basis. If you repay the loan on time, your subsidy will be credited to your account.
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