|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)|
*Terms & Conditions Apply