This government plan is amazing! These people are getting free loan up to Rs 50 thousand, know how to apply

PM Scheme: In 2019, the Corona epidemic devastated the economy of almost all the countries of the world. During the Corona epidemic in our country, small traders suffered huge financial losses, after which they had to close their businesses.

The Government of India is providing loans to these businessmen through PM Swanidhi Yojana 2024 to restart their employment. Read this article till the end for information related to eligibility, documents and application process etc. to take loan under PM Swanidhi Yojana.

Pradhan Mantri Swanidhi Yojana

Loans are given on small scale under Pradhan Mantri Swanidhi Yojana. Through this scheme, loans up to Rs 50,000/- are provided to small traders, street vendors etc. to expand or start their business. If the loan recipient deposits the loan on time, he is also provided a subsidy of up to 7% on the interest charged on the loan.

benefit of the scheme

The benefits of Pradhan Mantri Swanidhi Yojana run by the Government of India are mainly given to small traders. The beneficiaries falling in this category under the scheme are as follows-

Street Wonders

rickshaw puller

hawker

vegetable seller

prepared food vendors

toy sellers