Page 33 - NIS English October 1-15
P. 33
The purpose behind
this scheme is to SPECIAL MICRO CREDIT SCHEME
ensure easy capital The scheme is fully implemented up to
to the people so that funded by the Ministry March 2022
they can make fresh of Housing and Urban Interest subsidy on
beginning and can Affairs timely/early repayment
restart their work. The It facilitates working is at 7 per cent
Svanidhi scheme is an capital loan up to Rs Monthly cash-back
important milestone 10,000 for a year incentive on digital
in the journey of No prepayment penalty transactions
self-finance to self- will be charged for Higher loan eligibility on
employment, from repayment before the timely repayment of the
self-employment to scheduled date first loan
self-sustenance and The scheme shall be
from self-sustenance
to self-esteem HOW TO AVAIL BENEFITS
It is available to all street Banks will be the lending
vendors engaged in vending institutions
Prime Minister in urban areas
Narendra Modi Certificate of vending,
No collateral will be taken letter of recommendation
by the lending institutions from ULB/TVC,
PM SVANidhi Scheme have for the loan documents of past
been received with 3,95,120 Scheduled commercial loan taken for vending,
loans being sanctioned and banks, regional rural membership details
1,04,062 disbursed. banks, small finance of any street vendors’
banks, cooperative banks, association or any other
non-banking financial document proving that the
SCAN QR CODE person is a vendor will be
FOR PM'S companies, micro-finance required
INTERACTION WITH institutions and SHG
BENEFICIARIES
New India Samachar 31
