PM SVANidhi Loan (PMS)
Contributing to transforming the dream of Atma Nirbhar Bharat into reality, SATYA MicroCaptital Ltd. offers PM SVANidhi Loans. This product provides collateral free loans for working capital to the street vendors. This micro-credit facility is specially designed for Street Vendors who were severely impacted by the pandemic. It intends to establish a credit score for vendors and create a digital record of their socio-economic status. The loan also attempts to formalize the informal sector of the economy and provide them safety nets and a means of availing loans in the future.
Loan Amount: Rs. 10,000-20,000
Loan Term: Monthly /4-Weekly
Processing Fee: 1.5% +18% GST
Interest Rate (p.a.): 23.5% – 25.5%