PM Svanidhi Yojana Online Application Form | प्रधानमंत्री स्वनिधि योजना | 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) Schemenline 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 Online Application 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 2022.
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.
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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.
You can also apply offline for Letter of Recommendation with the Urban Local Body through a simple application on white paper to conduct local inquiry to ascertain the genuineness of the claim as vendor. ULBs will have to dispose of the request for issue of LoR within a period of 15 days.
After the vendors gets the LoR, they will be issued certificate of vending or identity card within a period of 30 days.
PM Svanidhi Loan Application Form PDF
To download PM Svanidhi Yojana Loan Application Form in PDF format, visit the same official PM SVANIDHI Scheme Portal at http://pmsvanidhi.mohua.gov.in/. At this page, go to “Planning to Apply for Loan” section, follow 3 steps before applying online. These 3 steps are Understand the Loan Application requirements, make sure your mobile no is linked to your Aadhaar, check your eligibility status as per scheme Rules and then click at “View More” button.
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
Beneficiaries List of PM SVANidhi Scheme
As per the initial data collected from state governments, around 50 lakh street vendors would be benefited from PM Street Vendor Atmanirbhar (PM SVANidhi) Scheme. The central govt. will extend a credit flow of Rs. 5,000 crore to this sector. Moreover, those street vendors who makes use of digital payments and timely repayments would be incentivized through monetary rewards.
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.