PM Svanidhi Yojana: Special Micro-Credit Facility Scheme by Housing and Urban Affairs.

PM Svanidhi Yojana: Prime Minister Narendra Modi (PM Modi) will have a Swanidhi Samvad (Svanidhi Samvaad) with the beneficiaries of PM Swanidhi Yojana today.

  • – It is being speculated that the Central Government may give another big gift to the street vendors.
  • -PM Modi will communicate with the street vendors of Madhya Pradesh (Madhya Pradesh) at 11 am today.
  • – This self-talk dialogue will take place through video conference

About PM Svanidhi Yojana

PM SVANidhi Yojana
PM Svanidhi Yojana logo

PM Svanidhi Yojana: Prime Minister Narendra Modi ( pm modi ) will interact with the beneficiaries of PM Swanidhi Yojana today. It is being speculated that the Central Government may give another big gift to the street vendors. PM Modi will communicate with the street vendors of Madhya Pradesh (Madhya Pradesh) at 11 am today. This self-talk dialogue will take place through video conference. Let us tell you that on 1 June 2020, the Prime Minister Swanidhi Dialogue Scheme was started. Under this scheme, financial assistance is being provided to the street vendors affected by lockdown to start employment again.

Benefits of PM Svanidhi Yojana


Pradhan Mantri Swanidhi Yojana will be applicable until March 2022. Under this scheme, a target has been set to give loans to more than 50 lakh street vendors. To start work under this scheme, a loan of up to Rs 10,000 is given at a low-interest rate. If you pay the loan on time, then interest is subsidized at the rate of 7%.

After a long lockdown, the Central Government has started a scheme called Prime Minister Street Vendors Self-Reliant Fund to start its work afresh to the street vendors. It is also known as the PM SVANidhi scheme.4.50 Lakh Street Vendors Registered: Let us
know that about 4.50 Lakh Street Vendors have registered under PM Swanidhi Scheme in Madhya Pradesh. Of these, more than 4 lakh people have been issued Icard and Vendor Certificate.

Madhya Pradesh has placed 2.45 lakh eligible beneficiaries on the portal in front of banks and out of these, Rs 140 crore has been sanctioned to 1.40 lakh street vendors. Madhya Pradesh Chief Minister Shivraj Singh Chauhan will also be present during the program. PM Modi will also interact with three beneficiaries.

About Loan

A loan of Rs 10,000 will be provided under the PM Swanidhi scheme, the central government gives a loan of up to Rs 10,000 to the street vendors. This loan is subsidized with interest at the rate of 7% on repayment in time. The subsidy amount will be credited to the borrower’s account once in three months. For complete details of this scheme you can go to pmsvanidhi.mohua.gov.

Under this scheme, a loan of Rs 10,000 is provided to people doing small roadside business on easy terms. The number of those applying under PM SVANidhi Yojana has crossed five lakh and so far loans have been sanctioned to more than 1 lakh street vendors

let us know that you can apply online for both the micro-credit facility scheme PM Swa-Nidhi (PMSVANidhi) through both the mobile app and the website. You can download the PMSVANidhi app on your phone for free on Google Play Store.

Important Notes for all competitive exams:

  • Union Minister of Housing and Urban Affairs: Hardeep Singh Puri.

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