PM SVANidhi – Tranche 1

Purpose

To provide affordable loans to street vendors to resume their livelihood that have been adversely affected due to COVID-19 lockdown

Eligibility

All street vendors engaged in vending in urban areas as on or before March 24, 2020.

Nature of Facility

  • TL

Max Finance

Max Rs. 10,000/-

Margin

NIL

Interest Rate

Attractive rate of interest based on RBLR.

Loan Term

12 Months