Mukhya Mantri Street Vendor Loan Scheme

Welfare scheme of the rural street vendors, by providing financial assistance through short term loans without any interest

CMO Madhya Pradesh, Shivraj Singh Chouhan, launched the Mukhya Mantri Street Vendor Loan Scheme on Wednesday, July 8, 2020. This scheme is for the local street vendors in Madhya Pradesh. This is mainly for the welfare of the rural street vendors, by providing financial assistance through short term loans without any interest.

Scheme:Mukhya Mantri Street Vendor Loan Scheme
Lunched by:Madhya Pradesh Government
Launched on:July 8, 2020
Beneficiaries:Rural Street Vendors
Benefit:Loan of Rs. 10,000/- as working capital
Interest:No
Collateral security/Deposit for getting loan:No
Registration:Online
Age Limit:18-55 years
Website:kamgarsetu.mp.gov.in

Objectives of the scheme:

  • The main objective of the scheme is to free the rural vendors the vicious circle of money lenders
  • Government will directly provide them a loan for business through banks.
  • This also aims to encourage more people to take up the self-employment opportunities.

List of loan schemes

Vendors under this scheme:

All the rural street vendors come under this scheme, fruit vendors, vegetable vendors, tea stalls, small saloons, vadapav – samosa vendors, etc

Documents required to register:

  • Aadhaar Card
  • Mobile no. linked to Aadhaar Card
  • Bank Account no. and IFSC Code

How to Register:

  • Visit the official portal for registration of rural street vendors in the state, at  kamgarsetu.mp.gov.in

  • Go though all the instructions before registration, given in Hindi language, a digital booklet for instructions is also available for the new applicants
  • Click on the option for registration (panjikaran karein)
  • Then fill in the mobile no. and get it verified via OTP.
  • Then on the next page, put the Aadhar card no. linked with the same mobile no. and get it verified via OTP.

  • Then put the details regarding the business, family members, family members involved in that business. And submit the details.
  • After submission of the details, a receipt will be received for the same on the mobile. This receipt is to be verified from the local municipal authorities and then an Id card will be issued for the same, and the applicant will be registered under the scheme as a Rural vendor and can get the loan of Rs. 10,000/- as working capital for the business

Schemes lunched by Madhya Pradesh Government

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