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KBL- PM SVANidhi (Pradhan Mantri Street Vendor’s Atmanirbhar Scheme)

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