Get ₹50,000 Loan Instantly with Just Aadhaar Card – No Collateral Required! Need urgent funds but don’t have property or any guarantor? Don’t worry! Now, with just your Aadhaar Card, you can get a personal loan of up to ₹50,000 — completely collateral-free. Under the PM Street Vendor’s AtmaNirbhar Nidhi (PM Swanidhi) Scheme, small vendors and self-employed individuals can easily access credit and grow their businesses.
What is Aadhaar Card Loan Scheme?
The Aadhaar Card Loan Scheme is a government-backed initiative that enables street vendors, hawkers, fruit-vegetable sellers, and other small business owners to get easy, unsecured loans ranging from ₹10,000 to ₹50,000 without needing to mortgage any assets.
This scheme is specially designed to promote financial inclusion and support small entrepreneurs in becoming self-reliant.
🇮🇳 Loan under PM Swanidhi Yojana – Empowering Small Vendors
This loan is offered under the PM Swanidhi Yojana, launched by the Government of India for street vendors who run their livelihoods on footpaths, carts, or small stalls.
Here’s how it works:
- First Loan: ₹10,000 (no security required)
- Second Loan: ₹20,000 (after timely repayment of the first loan)
- Third Loan: ₹50,000
- Further Upgrade: Up to ₹80,000 possible with good repayment history
Documents Required for Aadhaar Loan
To apply for this loan, you’ll need the following:
- Aadhaar Card
- PAN Card
- Bank account details and passbook
- Address proof
- Registered mobile number
Key Benefits of Aadhaar Card Loan Scheme
- No Collateral Needed: Get a loan without pledging any property.
- Perfect for Small Businesses: Start or expand your venture easily.
- Interest Subsidy: Get up to 7% interest subsidy on timely repayments.
- Cashback on Digital Payments: Encourage online transactions and earn rewards.
- Higher Loan Limit: On-time repayments can increase your limit to ₹80,000.
How to Apply for Aadhaar Loan under PM Swanidhi Yojana?
You can apply in two simple ways:
Offline: Visit Any Government Bank
- Go to your nearest Public Sector Bank branch.
- Ask for PM Swanidhi Loan Application Form.
- Fill out the form with your business and personal details.
- Attach the required documents.
- Submit and wait for verification and approval.
Online: Apply from the Official Website
- Submit the application and wait for e-KYC and document verification.
- Visit the official PM Swanidhi portal or bank’s website.
- Click on Apply for Loan.
- Fill out your details and upload scanned documents.
- State your business purpose for taking the loan.