Questions and Answers (Government Schemes)

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Government launched PM Vishwakarma scheme on 17.09.2023 to provide end-to-end support to artisans and craftspeople who work with their hands and tools. These traditional artisans and craftspeople are referred to as ‘Vishwakarmas’ and are engaged in occupations such as blacksmiths, goldsmiths, potters, carpenters, sculptors, etc.

The benefits of the Scheme include the following:

Recognition: Recognition of artisans and craftspeople through PM Vishwakarma certificate and ID card.

Skill Upgradation: Basic training of 5-7 days and advanced training of 15 days or more, with a stipend of Rs. 500 per day.

Toolkit Incentive: A toolkit incentive of upto Rs. 15,000 through e-vouchers at the start of basic skill training.

Credit Support: Collateral free ‘Enterprise Development Loans’ of upto Rs. 3 lakh in two tranches of Rs. 1 lakh and Rs. 2 lakh with tenures of 18 months and 30 months, respectively, at a concessional rate of interest fixed at 5%, with Government of India subvention to the extent of 8%.

URL for PMVISHWAKARMA SCHEME LOGIN-

https://pmvishwakarma.gov.in

https://www.paymentpmv.in/pmvk/  ....(For Bank only)👍

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched by the Ministry of Housing and Urban Affairs on June 01, 2020 for providing affordable Working Capital loan to street vendors to resume their livelihoodsthat have been adversely affected due to Covid-19 lockdown.  The duration of the scheme initially was until March 2022. It has been extended till December 2024, with focus on enhanced collateral free affordable loan corpus, increased adoption of digital transactions and holistic socio-economic development of the Street Vendors and their families.  

Vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year.
On timely/ early repayment of the loan, an interest subsidy @ 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on quarterly basis.
There will be no penalty on early repayment of loan.
The scheme promotes digital transactions through cash back incentives up to an amount of Rs. 100 per month.
On timely repayment of first loan, higher loan eligibility of loan amount 20000/- and 50000/- respectively.
URL FOR PMSVANIDHI SCHEME

https://pmsvanidhi.mohua.gov.in

https://www.paisaportal.in/NULM/Login.aspx  (For bank only)

NULM – National Urban Livelihood Mission – Overview
1-National Urban Livelihoods Mission scheme was launched by the Ministry of Housing and Urban Poverty Alleviation, Government of India on September 24th, 2013.
2-NULM replaced the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY) and is known as Rashtriya Shahri Aajeevika Mission in Hindi.
3-It focuses on organising urban poor in their strong grassroots level institutions by enhancing sustainable livelihood opportunities through skill development. It aims at leading poor to market-based employment and helping them to set up self-employment ventures by ensuring easy access to credit.
4-Mission will be implemented in all District Headquarter Towns and all other cities with a population of 1,00,000 or more as per 2011 census.

 5-The target of DAY-NULM is the urban population identified as below the poverty line population in urban areas by the States and Union Territories. Its intended beneficiaries are urban poor (street vendors, slum dwellers, homeless, rag pickers), unemployed and differently-abled.
6-DAY-NULM has been conferred the prestigious SKOCH Governance Gold Award.
7-NULM comprises the following sub-scheme to uplift urban poor-
*Social Mobilization and Institution Development – SM&ID
*Employment through Skills Training and Placement – EST&P
*Capacity Building and Training – CBT
*Self-Employment Programme – SEP
*Scheme of Shelter for Urban Homeless – SUH
*Support to Urban Street Vendors – SUSV
*Innovative and Special project – ISP

For more details visit https://mohua.gov.in/

Benefits of NULM – National Urban Livelihood Mission 

The benefit that will accrue to urban poor folks with the NULM scheme are as follow:

1-Self Employment Programme – The urban poor who wish to set up their own self-employment ventures or micro-enterprises can avail bank loan at 7% rate of interest. An individual can be given bank loans for projects up to INR 2 lakh for setting up of individual micro-enterprises and for a group of the urban poor, a bank loan is available for projects up to INR 10 lakh. 

2-Self Help groups – All the SHGs of the urban poor can avail bank loan at 7% rate of interest. An additional 3 percent interest subvention will be provided to all women SHGs who repay their loan in time. Thus, in the case of timely repayment, the effective interest rate would be only 4%. 

3-Urban Street Vendors- National Urban Livelihood Mission aims at upskilling the street vendors. It supports the development of vendor market, vending zone & informal sector markets with infrastructure/civic facilities such as paving, water supply, solid waste disposal facility, lighting, storage space etc.

4-NULM also supports micro-enterprises in development and their credit enablement.

5-Under the Scheme of shelter for Urban Homeless, Day-NULM provides financial support to State Governments and Urban Local Bodies for construction as well as operation & management of permanent shelter for urban homeless. The shelters constructed must be equipped with all other essential services so that the urban homeless in our cities live a dignified life. 

For more details visit https://mohua.gov.in/

 Pradhan Mantri Matru Vandana Yojana (PMMVY) is a significant initiative by the Indian government to support pregnant and lactating women. Here are some key details about PMMVY:

1. Objective: The scheme aims to provide financial assistance to eligible women during their pregnancy and lactation period.
2. Beneficiaries: Over 3.80 crore beneficiaries have been enrolled, and more than 3.32 crore beneficiaries have received payments under PMMVY.
3. Total Amount Paid: The scheme has disbursed a total of Rs. 14,888 crore to beneficiaries.
4. Recent Developments:

• PMMVYsoft MIS: A management information system (MIS) for PMMVY was launched on 17th March 2023.
• Mobile App for Field Functionaries: A mobile app for field functionaries (Anganwadi Workers and ASHAs) is available for download1
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Stand-Up India scheme is a commendable iniiative by the Ministry of Finance to promote entrepreneurship and financial inclusion. Let me provide you with some key details about this scheme:

1. Objective:
   
   • The primary objective of the Stand-Up India scheme is to facilitate bank loans for greenfield project enterprises in the following categories:
     • Scheduled Caste (SC)
     • Scheduled Tribe (ST)
     • Women entrepreneurs
   • The loans are aimed at setting up new businesses.

1. Loan Amount:
   
   • The scheme provides financing between ₹10 lakh and ₹1 crore.
   • This amount includes both term loans and working capital.

1. Eligibility Criteria:
   
   • The borrower must be from either the SC, ST, or women category.
   • The applicant’s age should be at least 18 years.
   • The borrower must not be in default to any bank or financial institution.

1. Enterprise Type:
   
   • The scheme supports greenfield enterprises, which means new ventures that have not been established previously.

1. Shareholding Requirement:
   
   • In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or woman entrepreneur.

1. Application Process:
   
   • You can apply through one of the following methods:
     • Online: Visit the official portal of Stand-Up India at 1.
     • Bank Branch: Approach your nearest bank branch.
     • Lead District Manager (LDM): Contact the LDM of your district (details available here).
   • Provide details about your business, including the nature of the proposed business, loan amount desired, and premises information.
   • The SIDBI web portal offers hand-holding support through various agencies involved in training, skill development, mentoring, project report preparation, and more.

1. Required Documents:
   
   • Proof of Identity: Voter’s ID Card, Passport, Driving License, PAN Card, or signature identification from present bankers.
   • Proof of Residence: Recent telephone bills, electricity bills, property tax receipts, or voter’s ID card.

Remember, the Stand-Up India scheme aims to empower entrepreneurs from marginalized communities and foster economic growth. If you’re considering starting a new venture, explore this opportunity