This program was started by the Modi government in 2020 when the country was under lockdown due to Corona. To find new employment opportunities for those who are sitting at home without jobs. Due to which this plan has been started. In which amount will be delivered. Which will enable you to start your own business. As soon as it starts, their economic condition will also improve and they will get new employment opportunities. The central government started this program keeping this in mind.
Now it is not difficult to do business without money. Gone are the days when people had to accumulate huge sums of money to do business. Yes, if you have an idea and are willing to work hard, the government is ready to give you a loan of up to Rs 50,000. Under this scheme, the poor sections of the country are taken care of.
Many people have to take expensive loans from the market. The interest of which is very expensive. In such a situation, you can apply for this scheme. If you are short of money and want to start a business, you don’t need to take loans from people at high interest rates because the government is now giving loans of up to 50,000 rupees to the poor without any collateral. The name of this scheme is PM Swanidhi scheme. Yes, now you can take a loan of 50 thousand rupees under this scheme.
When to get a loan of 50000 rupees
Under this scheme, you will be given a loan of Rs 10,000 first.
When you repay this loan, you can apply for 20 thousand rupees. The bank will give you a loan of 20 thousand rupees.
When you deposit this loan of 20 thousand rupees, you will be eligible to take a loan of 50 thousand rupees.
After this, in the third step, the bank will give you a loan of 50 thousand rupees. For this you need to have some important documents.
If you want to take loan under this scheme, your mobile number should be linked with Aadhaar. Under this scheme you have to take a loan of Rs 10,000 first and then Rs 20,000. Only after that you will be given a loan of 50 thousand rupees
Get a loan without guarantee
Under this scheme, business people are given a loan of Rs 10,000 for a year. In this, the bank does not deposit any guarantee from you. In this loan you have to pay monthly EMI. If you pay your PM Swanidhi Yojana installment on time every month, you will get 7 percent subsidy.
The candidate will be eligible to avail the benefit of PM Swanidhi Yojana till 2023.
Eligibility of Swanidhi Yojana
You will be eligible for this program only if you are an Indian citizen. The government has set a budget of Rs 5,000 crore for PM Swanidhi Yojana. So far 16,67,120 applicants have completed and submitted the application for this program. The following persons are eligible for this program:
Fruit and vegetables, fruit vendors, barbers, cobblers, laundry facilities etc.
The beneficiaries of this scheme should be needy and destitute, poor people can apply for this scheme.
Document for Swanidhi Yojana
You need to have an Aadhaar card to participate in this scheme. Through which you will be connected.
You must produce the domicile certificate. Knowing you are Indian will help.
Further proof of income is required. This will allow us to calculate your annual income.
It is necessary to provide your bank account passbook. So that money can be added directly to the account.
Additionally, BPL card must be produced. So that the government knows that you are a low income person.
You have to submit a passport size photograph. Because this way it will be easy to identify you.
Mobile number is also required. So that you can get information about the scheme quickly.
Official website for
Central Government has made available the official website of PM Swanidhi Yojana. Visit to submit your application and avail this scheme. You can also get related information.
Click here to fill online form in this scheme.
Step-1: Register with mobile number on the website. In which register by entering OTP from mobile number.
Step-2: Now proceed to fill the details sequentially, and submit the form.
Government has set up a helpline for PM Swanidhi Yojana at 16756557. You can call if there is any problem in applying or know the details related to the scheme.