A: The PM Street Vendor’s AtmaNirbhar Nidhi scheme is a government initiative aimed at providing financial assistance to street vendors affected by the COVID-19 pandemic.

A: Street vendors who have been operating their business for at least one year prior to March 24, 2020, and have been in possession of a valid ID proof are eligible to apply for the scheme.

A: There is no age limit to apply for the PM Street Vendor’s AtmaNirbhar Nidhi scheme.

A: Street vendors can avail of a working capital loan of up to Rs. 10,000 under the PM Street Vendor’s AtmaNirbhar Nidhi scheme.

A: The interest rate on the loan provided under this scheme is 7%.

A: Applicants can apply for the scheme online through the official website of their respective State or Union Territory.

A: No, there is no processing fee to apply for the PM Street Vendor’s AtmaNirbhar Nidhi scheme.

A: Applicants need to provide a valid ID proof, a certificate of vending/registration, and a recent photograph to apply for the scheme.

A: No, an individual can apply for the scheme only once.

A: Yes, an individual can apply for the scheme even if they have availed of a loan under any other government scheme.

A: The loan provided under this scheme has to be repaid within one year of availing it.

A: No, collateral is not required to avail of the loan under the PM Street Vendor’s AtmaNirbhar Nidhi scheme.

A: Yes, the loan amount can be used for any purpose related to the street vending business.

A: The loan provided under this scheme can be used to restart or expand the street vending business, thereby providing financial stability to the street vendor.

A: The loan provided under this scheme has to be repaid in monthly installments.