| Particulars | Scheme Details |
|---|---|
| Name of the facility | KBL- PM SVANidhi (Pradhan Mantri Street Vendor’s Atmanirbhar Scheme) |
| Facility Type | Working Capital Loan (WCDPN) |
| Objective of the loan | To provide working capital to street vendors to support their business.The scheme is formulated by the Ministry of Housing and Urban Affairs with the following objectives: 1. Working capital loan up to Rs.10,000/- 2. To incentivize regular repayment. 3. To reward digital transactions. |
| Eligibility | As per Government guidelines issued from time to time. |
| Interest Subsidy | The vendors, availing loan under the scheme, are eligible to get prompt repayment interest subsidy @ 7%. |
| Promotion of Digital Transactions by Vendors | The scheme will incentivize digital transactions by vendors through cash back facility. The on boarded vendors would be incentivized with a monthly cash back in the range of Rs. 50 – Rs.100. Cash Back incentive shall be available only to a maximum limit of Rs. 1200/- |
| Repayment | Repayable in 12 EMIs (Equated Monthly Installments) |
| Margin | Nil |
| Processing Charges | Nil |
| Prepayment Charges | Nil |
*Terms & Conditions Apply
