PM SVANidhi Yojana: How to apply for a loan of Rs 10,000

After the Corona transition, the employment situation in the country and the world has become horrible. Millions of people have become unemployed during this transition period. To help such people, the government has launched a scheme to provide loans at low interest.

The name of this scheme is PM Self-Nidhi (PMSVANidhi), under which the government will give a credit of Rs 10,000 to those who install street vendors and salons. The unique thing is that you can apply online for this loan as well.

First of all, let us tell you that for the Micro-Credit Facility Scheme PM Self-Nidhi (PMSVANidhi), you can apply online through both the mobile app and the website. On Google Play Store, you can download the PMSVANidhi app for free on your phone.

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Let’s know the whole process.

After this, you have to go to https://www.pmsvanidhi.mohua.gov.in/, or you can download the mobile app. Then you have to click on the option for Apply for Loan. After this, you can log in by entering the mobile number and OTP. For login, use the same mobile number, which linked to your Aadhar card and bank account.

After this, you have to provide information such as claim form, two revenue stamps, address proof, identity proof, bank account statement, and father’s name, date of birth. Then you will also have to attach a blank cancel check. After filling the form, you will get a message related to the loan on the mobile number.

Under this scheme, you will get the entire money in the account three times, i.e., one installment every three months. You will get this loan at seven percent interest. If you do not understand this process and you cannot apply online by yourself, then you can apply for this by going to a cybercafe or common service center.

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