All the applicants of India who have applied for PM Svanidhi can check PM Svanidhi Loan Status online by visiting the official website. Now the Government of India has released the status of PM Svanidhi loan application online
Under this scheme, a loan of up to Rs 50 thousand is made available to the beneficiaries at a cheap interest rate and the benefit of interest subsidy is also given. If an applicant repays the loan taken under this scheme before time, then he is given an interest subsidy of up to 7% and also does not have to pay any kind of penalty.
What is the PM Swanidhi Scheme?
PM Swanidhi Scheme is a scheme started by the Government of India, in this scheme you can easily take a loan without any guarantee. With the help of this amount you can start a new business. In this, the government gives a loan of Rs 10,000 to Rs 50,000. In this scheme, a loan of Rs 10,000 is available for the first time and Rs 20,000 for the second time and Rs 50,000 for the third time.
Key Facts of PM Swanidhi Loan Status
| Scheme Name | PM Swanidhi Loan Status |
| Launched By | Government of India |
| Objective | Provide Financial Assistance |
| Beneficiaries | Lower and middle class businessmen |
| How much loan will be available | Rs 10000 to Rs 50000 |
| Application process | Online / Offline |
| Official Website | Click here |
Eligibility criteria
- The scheme will be applicable only to Indian citizens who carry out their employment by putting up hawkers.
- Street vendors must have an identity card or vending certificate issued by the Urban Local Bodies (ULB).
- Street vendors were identified in the survey but vending certificates or identity cards were not found. In such cases, provisional vending certificates will be generated for street vendors.
- Street vendors who were left out of the ULB-led identification survey or who have started vending after the completion of the survey have been sent a Letter of Recommendation (LOAR) by both the ULB or Town Vending Committee (TVC).
- Street vendors who sell in nearby developments or rural or suburban areas are within the geographical limits of the LB and have been issued a Letter of Recommendation (LOAR) by the LB or TVC.
PM Swanidhi Scheme Objective
Under PM Svanidhi Yojana, the government wants to make all the street vendors of the country self-reliant. There are many people in our country who start their own business because they will not get employment. But due to the epidemic of Kovid-19, many people had to close their businesses. Due to which it has become very difficult for all of them to live life. The government has started this scheme to start employment again for all those people.
Through PM Svanidhi Yojana, all street vendors will be encouraged to start employment by giving loans. All the street vendors will be able to restart their business by taking their loan under this scheme. The government also wants to promote digitalization under the scheme. On repaying the loan taken under this scheme on time, an additional subsidy of 7% will be given by the government.
Benefits of PM Swanidhi Scheme
- Through this scheme, the government will provide loans to street vendors without any guarantee to start a business.
- If the loan is deposited on time by the beneficiary, then he will be given an additional subsidy of 7%.
- Under this scheme, if the loan of the first installment is deposited on time, then the beneficiaries will be provided a loan of Rs 20000 under the second installment.
- No penalty will have to be paid on the loan taken under this scheme.
- Under the scheme, loans will be provided to all the small street vendors of the country.
- The loan of the first installment taken under the scheme can be repaid by the beneficiary within 12 months.
- On the other hand, the loan of the second installment can be repaid in 18 months.
- Also, if a trader has taken a loan of the third installment, then it can be repaid up to 36 months.
- Digital transactions will be promoted under this scheme.
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity Bill
- Residence Certificate
- PAN Card
- Passport Size Photograph
Read next- Check Your SSPMIS Payment Status Online from home by smartphone.
PM Swanidhi Loan Status Check by Application and Mobile Number
- To check PM Swanidhi Loan Status by Mobile Number, you can first visit the official website of Swanidhi.
- The home page will appear on your screen, you have to click on the Check Application Status option.
- Then a new page will appear on your screen.
- On the new page, you have to enter your application number and registered mobile number.
- After entering the application number and registered number, click on the Request OTP option.
- You have to enter the OTP received on the registered mobile number.
- Now you can click on the Search option to complete your process.
Conclusion
Hello Everyone, Today I have guided you to check your PM Swanidhi Loan Status online by Application number and mobile number. Apart from this I have given you some important information regarding the PM Swanidhi Loan scheme. I hope this article will be helpful for you. If this is helpful for you, you should share this article with your friends and family. Thank You.
I am Suman, co-founder of the YojanaStatus.org.in. I have completed my Graduation. Currently I am the co-founder of Yojanastatus.org.in. I have more than ten years of experience in Government schemes, and technology. And Before that, I have worked with other News media websites. That’s why I promise to give you the best knowledge in my articles.