Benefits of SVANidhi Yojana

  • The benefit of this scheme will be provided to the street vendors on the side of the road.
  • Under the Svanidhi scheme , vendors selling goods on the road around urban/rural areas have been made beneficiaries.
  • Street vendors of the country can directly avail working capital loans up to Rs.10,000. Which they can repay in monthly installments in a year.
  • More than 50 lakh people will be benefited under this scheme.
  • Street vendors who repay this loan on time will be transferred by the government to their accounts as an annual interest subsidy of seven percent.
  • There is no provision of penalty under SVANidhi Yojana.
  • It will work to increase the capacity of people using technology and make the self-reliant India campaign a success by reviving the business at the time of Corona crisis.
  • People have to apply online on PM Street Atmanirbhar Nidhi Yojana official website (to be launched) or can apply offline in banks to get initial working capital loan.
  • With this, these people will give impetus to the self-reliant India campaign by renewing their business at the time of Corona crisis .
  • Under this scheme, you will get the entire money in the account in three times i.e. every three months you will get one installment. You will get this loan at 7% interest.

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