Here's how to get a ₹50,000 loan with Aadhaar card under PM Svanidhi Yojana

The Pradhan Mantri Svanidhi Yojana (PM Svanidhi Yojana) scheme, first introduced in 2020 to support businesses affected by the COVID-19 pandemic, allows small traders and street vendors to avail a loan with an Aadhar card, without guarantee.

The beneficiary traders are initially given a loan of up to ₹10,000. If they repay it on time, they can avail ₹20,000 next time. This increases to ₹50,000 based on the previous loan's timely repayment. The loan repayment is to be done in instalments within 12 months.