PM SVANidhi Loans
Step into the world of empowerment with the PM SVANidhi scheme. Designed to empower street vendors, PM SVANidhi offers collateral-free, small-ticket loans that propel vendors towards economic independence. There are two schemes available - PM SVANidhi 1st and PM SVANidhi 2nd.
1st Tranche Features and Benefits
2nd Tranche Features and Benefits
GECL (ECLGS) Product Offering
The GECL or Guaranteed Emergency Credit Line is a loan for which 100% guarantee would be provided by National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs).
Features and Benefits of GECL
FAQs
What is PM SVANidhi scheme?
The scheme aims to empower Street Vendors by not only extending loans to them, but also for their holistic development and economic upliftment. The scheme intends to offer collateral-free working capital loans.
Who is eligible to apply for Ujjivan's PM SVANidhi scheme?
Street vendors, as defined by the PM SVANidhi scheme guidelines, are eligible to apply for Ujjivan's PM SVANidhi scheme.
What is the purpose of the PM SVANidhi scheme?
The PM SVANidhi scheme aims to provide affordable working capital loans to street vendors with the intention to uplift their livelihood.
How is a street vendor/hawker defined under the scheme?
A street vendor or hawker is any individual vending articles, goods, or services to the public in streets, footpaths, or temporary structures. This includes a wide range of goods and services, from food items to apparel and artisan products.
Can vendors avail of multiple cycles of working capital loans under the scheme?
Vendors who repay their loans on time are eligible for subsequent cycles of working capital loans with enhanced limits, facilitating continued support for their businesses.
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