Ration card loan : Hello friends, the central and state governments are running different schemes to provide loans at low interest rates to the people of poor families to meet their financial needs, in which you can take a loan from ten thousand rupees to fifty thousand rupees without any guarantee from your ration card.
If you are a BPL ration card holder, then in such a situation you can start your small business by getting a loan of fifty thousand rupees from the government scheme without any guarantee. If you are also thinking of taking a loan from ration card, then let me tell you, PM Swanidhi Yojana has been started by the Government of India to provide loans without guarantee at low interest rates to the poor and street vendors to run their business.
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Through this scheme, the poor citizens of the country can get loans up to ten thousand, twenty thousand and fifty thousand rupees through their ration card. To take a loan from BPL card, you can apply online for the loan by visiting the website of PM Swanidhi Yojana.
How to get loan on ration card
If you are thinking about how to get loan on ration card, then let us tell you, you get loan from ration card through PM Swanidhi Yojana and PM Mudra Loan Yojana run by the Government of India. But you cannot get loan only from your ration card, you also need other documents with it. Because for giving loan, only your ration card is not enough to establish your identity, that is why you get loan only through other documents along with ration card.
PM Swanidhi Yojana has been started to provide financial assistance to small artisans and shopkeepers. Under this scheme, assistance has been provided to about 70% of the poor so far. Under PM Swanidhi Yojana, small shopkeepers are given a loan of 10,000 to 50,000. In which subsidy is also available up to 7%.
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How to apply for a loan on ration card
Under the PM Swanidhi scheme on ration card, to take a loan of ten thousand to fifty thousand rupees, you have to apply online by visiting the official website of the scheme yourself. You can apply online to get a loan on ration card by following the easy steps given below.
- First of all go to the official website of PM Swanidhi Yojana.
- Click on the link “Apply For Loan” given in the home page.
- Now verify by entering the mobile number linked to your Aadhar card number.
- After this, enter the OTP received on your mobile number and submit it.
- After this, enter your ration card and Aadhar card information like name, address, location, mobile number and other information and submit the form.
- Now the loan amount will be transferred to your bank account.
How much loan can be availed on ration card?
Under the PM Swanidhi scheme, you can apply for a loan of up to ten thousand, twenty thousand and fifty thousand rupees on ration card. That is, you can get a loan of up to fifty thousand rupees under the government scheme without any guarantee from the ration card. You can fill the online form by visiting the official website to take any of the three types of loans in the scheme. The biggest advantage of this loan is that you do not have to give any kind of guarantee in it.
How to get loan on BPL card
PM Vishwakarma Yojana has been started by the Prime Minister of India, Narendra Modi on 17 September 2023. Through this scheme, financial assistance is to be provided to the artisans and craftsmen laborers of the country. Under this scheme, the beneficiary applicant is also given a loan of up to 1 lakh. In which you will not have to pay any kind of interest. If you repay the loan on time for the first time, then you are also given a loan of 2 lakhs again. In which you will get an interest rate of up to 5%. But to take a loan from BPL card, the age of the applicant should be more than 18 years.
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What documents are required to take a loan on ration card
While applying for a loan from ration card, you need many types of documents. You can apply online to take a loan from BPL card with the documents given below.
- BPL ration card
- Aadhaar card (of the applicant)
- Bank account passbook
- Mobile number (linked to Aadhaar)
- Voter ID card
- Passport size photo
Eligibility criteria for taking loan on ration card
To take loan on ration card, you have to fulfill the eligibility conditions imposed by the government. After fulfilling the eligibility given below, you can apply online to take loan on ration card.
- The applicant should be a BPL ration card holder.
- The age of the applicant should be 18 years of age or more.
- Those poor people who do their employment by putting up hawkers will get loan.
- While applying for loan, mobile number should be linked to your Aadhar card.
How much subsidy is available on loan from ration card?
Under PM Swanidhi Yojana, small shopkeepers of the country are given a loan of 10,000 to 50,000 from ration card. On which subsidy up to 7% is also available. Loan up to 1 lakh is also given in PM Vishwakarma Yojana. In which you will not have to pay any kind of interest. If you repay the loan on time for the first time, then you are also given a loan of 2 lakhs again. In which you will get an interest rate of up to 5%.
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Summary
The Government of India is running loan schemes to meet the financial needs of the poor and economically weaker sections of the country, out of which if you have a BPL ration card and you set up a street stall, then you can apply for a loan of ten thousand, twenty thousand and fifty thousand rupees on your ration card under the government’s PM Swanidhi Yojana.
That is why in this article you have been given complete information about how to get a loan on ration card. If you like the information given in this article about how to get a loan on ration card, then definitely share this post with all your friends.
FAQs
How to get a loan on ration card?
Under the PM Swanidhi Yojana, the poor citizens of the country get a loan of up to ten thousand, twenty thousand and fifty thousand rupees through ration card, in which the applicants themselves can apply for the loan online by visiting the website of PM Swanidhi Yojana.
How to take loan on ration card?
First of all, go to the official website of PM Swanidhi Yojana and click on the link of “Apply For Loan” given in the home page. Now verify by entering the mobile number linked to your Aadhaar card number. In the next step, enter your mobile number and submit the OTP. After this, enter your ration card and Aadhaar card information such as name, address, location, mobile number and other information and submit the form, now the loan amount will be transferred to your bank account.
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What is required to take a loan on BPL card?
To take a loan on BPL ration card, you will need documents like BPL ration card, Aadhaar card (of the applicant), bank account passbook, mobile number (linked to Aadhaar), voter ID card and passport size photo etc.
How much loan can be availed on ration card?
You can apply for a loan of up to ten thousand, twenty thousand and fifty thousand rupees on ration card under PM Swanidhi Yojana.
Can you get loan without guarantee on ration card?
You can get a loan of up to fifty thousand rupees on ration card without any guarantee under the government’s PM Swanidhi Yojana. You can fill the online form by visiting the official website to avail any of the three types of loan under the scheme.