The Government Giving A Loan Of 50 Thousand Rupees Without Interest Rate, Know The Terms And Conditions


The state and the central government are making every possible effort to make the youth of the country self-reliant and provide employment. At the same time, the government is also paying special attention to the people engaged in small business. For this, the Modi government is running schemes one after the other. One such scheme is PM Swanidhi Yojana. Under this scheme, the central government is providing loans up to Rs 50,000 without interest rate to the street vendors to start their work and expand their work.

The special thing about this scheme is that for this you do not need any documents. The government has started this scheme, especially for street vendors. Also, after repaying the loan once, the beneficiary can get the double amount as a loan for the second time without interest rate (PM Svanidhi Loan Status). The loan amount taken under this scheme can be repaid over a period of one year. Apart from this, the beneficiary can also pay the loan repayment in monthly installments.

Let us tell you that the central government is giving huge subsidies to the beneficiaries of this loan. Along with this, cashback is also being given to borrowers. During the cabinet meeting chaired by Prime Minister Narendra Modi, the validity of this scheme has been extended from March 2022 to December 2024. The objective of this scheme is to remove the economic problems faced by street vendors and to make them self-reliant. Also, they have to be encouraged for digital payments.


What is PM Swanidhi Yojana
PM Swanidhi Yojana This is a government scheme. Its purpose is to provide financial assistance to the people engaged in the cottage industry to increase the business of street vendors and street vendors and to eliminate the economic problems facing their business. Under this scheme, the central government is giving a loan of 50 thousand rupees without interest rate. At the same time, after repaying this amount in one year, the borrower can take double the amount as a loan. Also, you will not need any guarantor to take advantage of this scheme. Needy people can take advantage of this scheme till December 2024. However, keep in mind that only one person from a family can take advantage of the PM Swanidhi scheme.

What are the terms and conditions of PM Swanidhi Yojana
It is necessary for the applicant to be a native of India.
Street vendors will be eligible for this scheme.
Those whose business has been affected due to the Corona epidemic can take advantage of this scheme.
Those who set up roadside stationery shops and small artisans can apply for this scheme.
No guarantor will be required to take advantage of this scheme.

The beneficiary can deposit the loan together and in the form of installments required documents

  • Aadhar card
  • Voter ID Card
  • Ration card
  • Photocopy of passbook
  • passport size photograph
  • How to apply online
  • To take advantage of this scheme, first of all, one has to visit the official website
  • Go to the homepage and click on Apply Loan 10k/Apply Loan 20k/Apply Loan 50k.
  • By entering your mobile number here, OTP will be sent to your mobile via SMS.
  • After the OTP is verified, the registration form will appear.
  • After that take out its printout.
  • After this, fill out the form completely, scan it, and upload all the necessary documents.

Submit all the necessary documents including the form by visiting the self-funding centers set by the central government.


After verification, the loan amount under Swanidhi Yojana will be credited to your bank account.

Keep in mind that you do not have to pay any kind of fee for this. In such a situation, do not become a victim of fraud by being misled by someone.

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