PM Surya Ghar Muft Bijli Yojana:
β It aims to light up 1 crore households by providing up to 300 units of free electricity every month, marking a significant step towards sustainable development and peopleβs wellbeing.
β It aims to increase the share of solar rooftop capacity and empower residential households to generate their own electricity.
β The subsidy will cover up to 40% of the cost of the solar panels. The remaining costs have to be borne by the aspirant consumer.
β The Centre will fund 60% of the cost for installing 2 kW (kilowatt) systems and 40% of the cost for systems from 2-3 kW capacity.
β It aims to light up 1 crore households by providing up to 300 units of free electricity every month, marking a significant step towards sustainable development and peopleβs wellbeing.
β It aims to increase the share of solar rooftop capacity and empower residential households to generate their own electricity.
β The subsidy will cover up to 40% of the cost of the solar panels. The remaining costs have to be borne by the aspirant consumer.
β The Centre will fund 60% of the cost for installing 2 kW (kilowatt) systems and 40% of the cost for systems from 2-3 kW capacity.
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On the Anniversary of Pradhan Mantri Jan Dhan Yojana, we celebrate a decade of Indiaβs financial inclusion revolution.
Under the leadership of PM Narendra Modi, Jan Dhan has given crores access to banking, credit and insurance, empowering the last mile.
This game-changing initiative has also earned global praise as a model for inclusive growth.
On the Anniversary of Pradhan Mantri Jan Dhan Yojana, we celebrate a decade of Indiaβs financial inclusion revolution.
Under the leadership of PM Narendra Modi, Jan Dhan has given crores access to banking, credit and insurance, empowering the last mile.
This game-changing initiative has also earned global praise as a model for inclusive growth.
PM SVANidhi Yojana:
β It is a central-sector micro-credit scheme launched on 1st June 2020 by the Ministry of Housing and Urban Affairs (MoHUA) for providing affordable working capital loans to street vendors affected by the Covid-19
The scheme aims to provide financial support to street vendors to resume their livelihoods and help them become self-reliant.
β Implementation Agency: Small Industries Development Bank of India (SIDBI)
Benefits:
β Vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly installments in the tenure of one year.
β On timely/early repayment of the loan, an interest subsidy at 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on a quarterly basis.
β There will be no penalty on early repayment of the loan.
β The scheme promotes digital transactions through cash back incentives up to an amount of Rs. 100 per month.
β The vendors can avail the facility of escalation of the credit limit on timely/early repayment of loan.
β The loan amount can be used for any purpose related to the street vending business, such as buying raw materials, paying rent, or purchasing equipment.
β The loan repayment period is one year.
Eligibility:
β Street vendors in possession of Certificate of Vending /Identity Card issued by Urban Local Bodies (ULBs).
β The vendors, who have been identified in the survey of street vendors but have not been issued Certificate of Vending/Identity Card.
β Street Vendors left out of the ULB-led identification survey or who have started vending after completion of the survey and have been issued a Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).
β The vendors of surrounding development/ peri-urban/rural areas vending in the geographical limits of the ULBs, who have been issued a Letter of Recommendation (LoR) to that effect by the ULB /TVC.
β It is a central-sector micro-credit scheme launched on 1st June 2020 by the Ministry of Housing and Urban Affairs (MoHUA) for providing affordable working capital loans to street vendors affected by the Covid-19
The scheme aims to provide financial support to street vendors to resume their livelihoods and help them become self-reliant.
β Implementation Agency: Small Industries Development Bank of India (SIDBI)
Benefits:
β Vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly installments in the tenure of one year.
β On timely/early repayment of the loan, an interest subsidy at 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on a quarterly basis.
β There will be no penalty on early repayment of the loan.
β The scheme promotes digital transactions through cash back incentives up to an amount of Rs. 100 per month.
β The vendors can avail the facility of escalation of the credit limit on timely/early repayment of loan.
β The loan amount can be used for any purpose related to the street vending business, such as buying raw materials, paying rent, or purchasing equipment.
β The loan repayment period is one year.
Eligibility:
β Street vendors in possession of Certificate of Vending /Identity Card issued by Urban Local Bodies (ULBs).
β The vendors, who have been identified in the survey of street vendors but have not been issued Certificate of Vending/Identity Card.
β Street Vendors left out of the ULB-led identification survey or who have started vending after completion of the survey and have been issued a Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).
β The vendors of surrounding development/ peri-urban/rural areas vending in the geographical limits of the ULBs, who have been issued a Letter of Recommendation (LoR) to that effect by the ULB /TVC.
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