PM Svanidhi Scheme Apply online at www.pmsvanidhi.mohua.gov.in. Prime Minister Shri Narendra Modi to hold Svanidhi Samvaad with street vendors from Madhya Pradesh through video conferencing today. So leading Institutions for respective scheme is Banks i.e scheduled commercial banks, Regional Banks (RRB). Also, Small Finance Banks (SFB) & Cooperative Banks, SHG Banks in states/ UTs e.g Stree Nidhi etc and Non-Banking Financial Companies (NBFCs) & Micro Fiance Institutions (MFIs)
The main of the scheme is encouraging street vendors for self reliant India, steet vendors to use digital transactions. For this scheme banks/ digital aggregators to provide durable QR code for free. Also cash back in DBT per moth i.e Rs/-50 after 50 transactions, Rs/-75 after 100 transactions, Rs/-100 after 200 transactions
PM Savnidhi Scheme Benefits
Benefits under PM Svanidhi Scheme is Rate of Interest (ROI) by banks, NBFCs & MFI as per RBI Norms for respective category.
Interest subsidy to be transferred through DBT into borrowers account in Quarterly installments. Also cash back on Digital Transactions i.e Up to Rs/100 per month on specified no.of transactions of value Rs/-25 & above.
Digital payment aggregators to collaborate in on boarding street vendors e.g Paytm. Amazon Pay, PhonePe etc
Transaction trail so created will build the credit score for enhanced future credit needs
Where to Apply This Scheme
Pradhan Mantri Svanidhi Online Application Form Submit through official web portal i.e www.pmsvanidhi.mohua.gov.in. Also, fill up the application at PM Svanidhi Mobile Application. Also Progress (City/ State/ Bank-Wise) available on dashboard on web portal in public domain.