If you want to start a small business, but lack of money is coming in the way, then the PM Svanidhi Yojana of the Government of India can prove to be a boon for you. Under this scheme, you can get a loan of up to Rs 80,000 without any guarantee through your Aadhar card only.
What is PM Svanidhi Yojana?
This loan is designed for small traders like hawkers and street vendors to expand or restart their business. Launched by the Government of India, this scheme offers a loan of up to Rs 80,000 without any guarantee, just by using your Aadhaar card.
How to Apply for PM Svanidhi Loan Using Aadhaar
Step 1: Visit the Official Website
Go to the official PM Svanidhi portal – https://pmsvanidhi.mohua.gov.in
Step 2: Click on Apply for Loan
On the homepage, click on “Apply for Loan” option.
Step 3: Enter Aadhaar Details
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Enter your 12-digit Aadhaar number.
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Complete the OTP verification sent to your registered mobile number.
Step 4: Fill the Application Form
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Fill basic details like Name, Address, Business Type, Vending Location, and Bank Details.
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Upload necessary documents like Aadhaar (masked or normal), Voter ID, or any business proof if asked.
Step 5: Select Lending Institution
Choose your nearest bank or NBFC from the given list for loan processing.
Step 6: Submit Application
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Review your details carefully.
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Click “Submit” to complete the loan application.
Step 7: Track Your Application
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Use the application number to check the status online.
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Once approved, the loan amount will be credited directly to your bank account.
What is a Masked Aadhaar Card and Why Use It?
In the masked Aadhaar card, the first 8 digits of the user’s Aadhaar number are hidden. In this, only the last 4 digits are visible. This increases the security of your Aadhaar card. You can use the masked Aadhaar card as your ID.
Steps to Download Masked Aadhaar Card Online
- Step 1. First of all you have to visit Uidai website https://uidai.gov.in/.
- Step 2. Now click on ‘My Aadhaar’ option.
- Step 3. Now you have to fill Aadhaar number and captcha code. Now OTP will come on your number.
- Step 4. Verification process has to be done by filling OTP.
- Step 5. After verification, click on the download option.
- Step 6. Now a checkbox will appear, in which it will be asked whether you want a masked Aadhaar card? You have to click on the checkbox.
- Step 7. Now your masked Aadhaar card will be downloaded.
How to Lock Your Aadhaar Biometric for Security?
If you want, you can also lock the biometric details of your Aadhaar card, this will not misuse this detail. Biometric details contain information like fingerprint, iris scan and face data.
Step-by-Step Process to Lock Aadhaar Biometric
- Step 1. To lock biometric, go to https://resident.uidai.gov.in/bio-lock.
- Step 2. Now click on the option of ‘Lock/Unlock Aadhaar’ below.
- Step 3. Generate virtual ID by clicking on ‘Click Here to Generate VID’.
- Step 4. After the virtual ID is generated, come back to the same page again.
- Step 5. Click on ‘Next’ option. Select Lock Aadhaar and fill the requested details.
- Step 6. Now verify the OTP by clicking on Send OTP. After verification, your Aadhaar biometric will be locked.
Q. Is Aadhaar mandatory for PM Svanidhi Yojana Loan?
Yes, Aadhaar is compulsory for verification and identity purposes.
Q. How much loan is provided under PM Svanidhi Yojana?
You can get up to ₹80,000 loan without collateral.
Q. Can I use a masked Aadhaar for loan application?
Yes, masked Aadhaar is fully valid for KYC and loan purposes.
Q. How long does it take to get the PM Svanidhi Yojana loan?
Once verified, the loan is usually disbursed within a few days.
