Get loans up to Rs 50,000 with your Aadhaar Card: Here's how
PM Svanidhi Yojana: Access loans up to Rs 50,000 with your Aadhaar Card. Learn about eligibility, application process, and benefits.
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Launched to support businesses affected by the COVID-19 pandemic
Started in 2020, this scheme is specifically for small businesses and street vendors. Traders can easily get loans through their Aadhaar Card. Upon timely repayment, they can get up to Rs 20,000 in the next phase.
Up to ₹50,000 loan available in the third phase
This loan must be repaid in installments within one year. Interest rates may vary for different banks and financial institutions.
Current market interest rates will apply
Current market rates apply to designated private, RRB, SFB, and cooperative banks. Specific information and documents are required for the Loan Application Form (LAF).
Online Application Process
Mobile number linked to Aadhaar is mandatory for e-KYC. A recommendation letter from ULBs is needed for future benefits.
Apply via portal or Common Service Center (CSC)
PM Svanidhi Yojana provides financial aid to small businesses and street vendors. This loan opportunity offers hope to many businesses.