Govt Loan Scheme: Govt Giving Loan of Rs 50k Without Guarantee, Apply Like This
Govt Loan Scheme: During the Corona period, the central government took many initiatives to provide financial assistance to the people. The objective of the Prime Minister Street Vendors Self-reliant Fund (PM Swanidhi) was also similar. The PM Swanidhi scheme of the Ministry of Housing and Urban Affairs was aimed at reviving street vendors who have been badly affected by the Covid-19 pandemic. Working capital funds or loans are to be given under the scheme. Without any guarantee.
Loan up to Rs 50 thousand
One year loan up to Rs 10,000 is available without any guarantee. If you repay this loan on time, you will get the second installment of Rs 20,000 and the second installment of Rs 50,000. Interest subsidy of 7 percent per annum is given on the loan. This will increase regular payments. At the same time, cashback of Rs 1200 will be available every year.
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States will have to identify
States/ULBs are responsible for identifying eligible street vendors and receiving new applications under the scheme. But the ministry is taking several measures to increase the number of beneficiaries. This includes regular review meetings with States, Union Territories, ULBs and loan providing institutions, radio jingles and advertisements in newspapers.
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Loan worth Rs 9790 crore was distributed
The government told the House recently that loans worth Rs 9,790 crore have been given so far to beneficiaries of the PM Street Vendors Self-Reliant Fund (PM SVANidhi) programme. Loans worth Rs 2,039 crore were given to PM Swanidhi beneficiaries in the year 2020–2021, Rs 1,248 crore in the year 2022–2022, Rs 1,866 crore in the year 2022–2023 and Rs 4,637 crore till December 5 of the year 2023–2024. A total of Rs 9,790 crore has been distributed. As of December 5, 2023, loans had been given to 56,58,744 street vendor beneficiaries from the scheme.
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date: December 27, 2023
Posted By Sunil