PM Svanidhi Yojana Online Application Form | PM Street Vendor’s Atmanirbhar Nidhi Loan Scheme | PM Svanidhi List of Beneficiaries | pmsvanidhi.mohua.gov.in Apply Online Process.
Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM Svanidhi) Scheme online application / registration form, street vendor survey status / beneficiary list, lenders list, pre – application steps, eligibility, implementation, beneficiaries list – How to apply online for Rs. 10,000 loan in PM SVANidhi yojana
PM Svanidhi Yojana or Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Scheme is a new scheme launched earlier on 1 June 2020 by Central government to provide short term loans of upto Rs. 10,000 to street vendors (rehdi / patri valas / phereewala). PM Svanidhi yojana online applications are being invited through the official website of the scheme at pmsvanidhi.mohua.gov.in.
PM Svanidhi Yojana applications can also be made offline at banks or Common Service Centers to avail a loan of up to Rs. 10,000. Eligible street vendors can also check their name in the PM Svanidhi Yojana list of beneficiaries through street vendor survey search facility at the official portal.
PM Svanidhi Yojana Online Application Form
In order to provide initial working capital loan of upto Rs. 10,000, govt. has started PM Street Vendor Atmanirbhar Nidhi (PM SVANidhi) Scheme. The apply online process for street vendor self reliant scheme had been specified earlier on 29 June 2020. Below is the complete process to apply by filling PM SVANidhi online application / registration form.
STEP 1: Visit official website – Firstly visit the official website at http://pmsvanidhi.mohua.gov.in/
STEP 2: Apply for loan online – At the homepage, click at the “Apply for Loan” tab or “Login as applicant” as shown in the figure below or directly click https://pmsvanidhi.mohua.gov.in/Login
STEP 3: Login using mobile number – In the new login window, street vendors can apply online for PM SVANidhi loan by logging in using mobile number. Enter the mobile no. and click at the “Request OTP” button to get one time password on that mobile phone. Afterwards, enter received OTP and click at “Verify OTP” button.
STEP 4: Check Vendor Category – Here applicants can check vendor category from the following 4 options.
- First are those street vendors in possession of Certificate of Vending (CoV) / Identity Card issued by Urban Local Bodies (ULBs).
- Second are those street vendors who have been identified in the survey but have not been issued Certificate of Vending / Identity Card.
- Third are those street vendors left out of the ULB led identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).
- Fourth are those street vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC.
STEP 5: Select appropriate vendor category to proceed further – Applicant Street Vendors can choose any of the above given categories to proceed further to fill PM Svanidhi Scheme online application form. The selection of categories would result in Vendor’s details as per chosen vendors categories as shown below.
STEP 6: Registration using Aadhar number – Afterwards, street vendors can make registration using Aadhar verification as shown below. Upon entering aadhaar number and clicking at “Verify” button, you will get an OTP on mobile number which is registered in Aadhar card.
STEP 7: Fill online application form – Accordingly on verification of Aadhar OTP, the PM Svanidhi online application form will appear.
In this opened application form, street vendors can fill in all the details to complete the PM Svanidhi apply online process.
PM SVANidhi Yojana Online Application Process
The detailed procedure of how to apply online for PM Svanidhi Yojana is also available in PDF format at this link.
Extension of PM Svanidhi Yojana till Dec 2024
Central govt. on 27 April 2022 approved the continuation of flagship scheme to provide subsidized collateral free loans to street vendors under PM Street Vendor’s Atmanirbhar Nidhi (PM Svanidhi) scheme till December 2024. The scheme launched after the surge of COVID-19 aims to provide quick loans to street vendors to restart their business. The scheme was originally planned till March 2023.
Through the scheme, affordable collateral-free loans are being facilitated to the street vendors. The scheme had envisaged to facilitate loans amount of Rs. 5,000 crore. Today’s approval has increased the amount to Rs. 8,100 crore. The budget for promotion of digital payments, including cashback to vendors, has also been enhanced. It is likely to benefit 1.2 crore people, the government said.
Apply for PM Svanidhi Yojana Letter of Recommendation
The street vendors who do not have any identity card or certificate to prove their status as vendors can now apply online for the “Letter of Recommendation” which will help them avail a loan under the PM SVANidhi Yojana.
How to Apply for LoR: PM Svanidhi Yojana
- In Order to apply online for the letter of recommendation, interested candidates can visit this link. And, enter theri mobile number which is attached to Aadhar Number, and enter and verify the OTP on the next screen.
- On the next page, enter your Aadhar number and again verify the OTP and verify it.
- After verifying the Aadhar number, you will see the loan application form, fill all the required details and select “Yes” in the Request for Local enquiry report by the TVC/ULB (Request letter to the ULB) dropdown under the “Documents” section and click “Submit” button.
After the vendors gets the LoR, they will be issued certificate of vending or identity card within a period of 30 days.
Tabela Loan Yojana Gujarat 2023 | તબેલા લોન યોજના
PM Svanidhi Loan Application Form PDF
At the new page, click at the “View / Download Form” link and the PM Svanidhi Common Loan Application Form will appear as shown below:
PM Svanidhi Application Form PDF: Download Now
Fill all the asked details accurately and submit it will along with the necessary documents to the concerned officials / bank branch. The PM Svanidhi Portal has started accepting online loan application from 2 July 2020 onward.
PM SVANidhi – Eligible Street Vendors List
Barbershops, cobblers, pan shops, laundry services are also included in the street vendors category and can avail loan of Rs. 10,000/- under this scheme.
Gujarat Shravan Tirthdarshan Yojana Application Forms 2023
Check your Survey Status / Street Vendor Survey Search
Here applicants will have to enter state, ULB name, name of street vendor, father / spouse name, mobile number, certificate of vending no. and then click at the “Search” button to check Survey Status.
Beneficiaries List of PM SVANidhi Scheme
It is important to mention that only a fraction of those 50 lakh phereevaala may have credit history with commercial banks as banks didn’t had a product designed for this sector. The major objective is to make street vendors self reliant and not fall in debt trap of lenders for such small amount.
Lenders List for PM SVANidhi Yojana
You can then find the appropriate lender for you which is located near you and can avail loan benefits easily.
Progress of PM Svanidhi Yojana
The discussions regarding the changes have taken place, and would help such borrowers avail more credit as most of these vendors are due for the second term loan. “This would help in providing credit to such vendors during the festive season,” the official quoted above said. The higher amount would make the scheme attractive for vendors, and at the same time bring them under the formal credit channel, he added. The proposed expansion of the scheme would soon be place before the Cabinet for approval by the Cabinet Secretariat, the official said.