New Scheme 2024: Bring Aadhar card and get Rs 50 thousand, Modi government is giving money without guarantee

Some time ago, a scheme was started by the Modi government, under which the government provides loan facility without guarantee to those starting employment. We are talking about PM Swanidhi Yojana. Due to the success of this scheme, the Central Government has decided to continue this scheme further. What is this scheme, how much benefit will you get from it, and how will you get it, you can see all this in our article.

PM SVANidhi Yojana 2024

Pradhan Mantri Suryoday Yojana

PM Swanidhi Yojana 2024

When the Corona crisis was looming in the country, many citizens had become unemployed due to the lockdown load. Then the Government of India had started PM Swanidhi Yojana for the residents of its country, under which the government provides them loan facility without any guarantee to start their own employment. It was started especially for those people who used to support themselves and their families by doing small business, but their business was closed during the Corona period. That means this scheme was started for the street vendors.

Loan amount in PM Swanidhi Yojana

Under PM Swanidhi Yojana, the government gives loan up to Rs 50,000 without any guarantee to the beneficiaries to start employment. But this loan will be given according to the credibility of employment. This means that under this scheme the first loan of Rs 10,000 is given. And when this loan is repaid, then in the second time you can get double the amount i.e. Rs 20 thousand. And when this amount is also repaid, then he becomes eligible to take a loan of Rs 50 thousand. Due to the success of this scheme, the government has decided to continue this scheme further.

Pradhan Mantri Saubhagya Yojana

Eligibility for loan under PM Swanidhi Yojana

As we told you under PM Swanidhi Yojana, people living in street vendors i.e. people who earn daily to support themselves and their families are included. Only they are being given loans under this scheme. This mainly includes those selling vegetables or fruits or those running fast food shops or carts.

No guarantee is required for loan under PM Swanidhi Yojana.

If someone takes a loan under this scheme, no guarantee is required. That means they do not have to pay any kind of interest. The special thing about this scheme is that the government also provides subsidy under this scheme. Under this scheme, the government transfers money to the beneficiary's account, so that digital payments can be encouraged.

Prime Minister Mudra Loan Scheme

Aadhar card is necessary to apply for PM Swanidhi Yojana.

When someone takes a loan under PM Swanidhi Yojana, the government is given 1 year time to repay it. If he wants, he can repay the loan amount every month or can even repay it in one go, it completely depends on the beneficiary. To apply for this loan, the applicant must have his Aadhar card. The beneficiary will have to go to any government bank near him with his Aadhar card, and there he will have to apply for this loan.

In this way, beneficiaries can start their own employment by getting a loan under PM Swanidhi Yojana, or can use it to expand their employment. If you want to get more information about PM Swanidhi Yojana, then visit this link.