Madhya Pradesh government recently introduced the Gramin Kamgar Setu Yojana for loan registration under the CM Rural Street Vendor Loan scheme in which street vendors from rural areas are provided loans up to Rs.10,000 from banks without any kind of interest over it.
Dear friends, today we are going to provide you with all the information related to this Rural Street Vendor Loan Scheme like application process, eligibility, documents etc. Through this article, We will provide you with more information about Gramin Kamgar Setu Portal in this article.
About Kamgar Setu Portal
The Gramin Kamgar Setu Yojana was introduced on 8th July 2020 by the MP government. They introduced the Rural Street Vendor Loan scheme following their Urban Street Vendor Loan scheme. CM Shivraj Singh Chouhan announced that there will be no collateral security or any kind of fees charged even from the beneficiaries. In a nutshell, the loan remains free without any fees. All the interest cost is taken care of by the Madhya Pradesh Government.
So far 15,24,290 people have been registered under the Rural Street Vendor Loan Scheme and 10,44,643 people have gotten their loans sanctioned through the kamgar portal, which is a big number for a scheme that was launched less than a year ago.
The objective of this scheme by the MP government is to provide the local businesses and the poorer sections an easy, affordable and efficient way for monetary support. This way they can help these business owners pay off their liabilities in hard times and in the hours of need. Gramin Kamgar Setu Portal makes it an easier and accessible way to seek a loan. This has led to an uplift in the financial conditions of rural businessmen as they were able to expand their business and have better standards of living.
With the help of the Rural Street Vendor Loan Scheme, such businesses can get a loan for Rs.10,000 easily without any visits to the bank, through a website that is easily accessible to everyone. Gramin Kamgar Setu Portal made it even easier, the launch of this portal has been really beneficial to rural businessmen.
For whom is this scheme available?
In order to register for a loan under the Rural Street Vendor Loan Scheme, you will have to check your eligibility at http://kamgarsetu.mp.gov.in/. This is initiated for handcart pullers, barbers, potters, rickshaw drivers, carpenters, tailors, craftsmen, ice-cream stall vendors, painters, weavers, laundrymen, vegetable and fruit sellers, bicycle and motorbike mechanics, dairy owners, laborers and people with such jobs. This scheme has also promoted employment and due to this there has been a rise in the employment rate as more people have the opportunity to establish a business.
People applying for this scheme shall meet the following criteria:
- Applicant shall be between 18-55 years of age.
- Applicants should be residents of Madhya Pradesh.
- Shall be a street vendor.
- People from all castes can apply for this scheme
- Applicants shall be living in rural areas.
- Educational qualification is not bound.
Loan clearance and other details
The loan will be sanctioned within 30 days of the application; CM Chouhan announced that the banks will sanction the loans within 30 days of application. This scheme is based on First come first serve basis, i.e. the applicants who submit their application first will get their loan sanctioned first. It has been strictly told that there shall be no fee charged at any level at all, beneficiaries shall not be charged any kind of security or collateral.
People wishing to get a loan can also submit their applications in Gram Panchayat offices or Kiosks. There are certain documents that the applicants shall have: Aadhar Card, Address Proof, Bank Account information, Mobile Number and Passport Size photos.
How to Register for a Loan at Gramin Kamgar Setu?
In order to apply for a loan at Gramin Kamgar Setu Portal follow the given steps:
- Open the official website www.kamgarsetu.mp.gov.in
- On the homepage click on “पंजीकरण करें” option in order to register.
- You will be redirected to a new page, enter your mobile no. and verify it with the OTP.
- A registration form will appear. This is the Gramin Street Vendor Loan scheme registration form.
- Enter all the details on this page.
- Enter your business information and confirm your details.
- You are now registered for the Gramin Street Vendor Loan scheme.
How to update loan applications?
To update your loan application follow the given steps:
- On the homepage of Gramin Kamgar Setu Portal you will see a Green ‘Update’ button
- Click on that button.
- You will be redirected to a new page on which the registered mobile no. and Captcha will be asked.
- Enter the number and verify with the captcha code
- Your profile will be updated.
Log-in guidelines for Rural Workers
Visit the official website, where you will see a login option click on that and enter your username and password, and solve the captcha. This way you will be able to login to your Kamgar Setu account
Gramin Kamgar Setu YojanaHelpline
The above mentioned are some important details from the scheme and the portal. We have described every aspect of the portal but most importantly if applicants face any problem and they want to seek the assistance they can call on the helpline number given on the Gramin Kamgar Setu Portal i.e.
By following the above steps you will be able to register yourself for a loan. This scheme initiated by the government of Madhya Pradesh is a really great scheme for the needy ones. The portal is user friendly and is in the Hindi language which makes it even easier. If you fit the criteria of the Gramin Street vendor Loan Scheme and are seeking a loan for your business, register yourself for the loan at Gramin Kamgar Setu Yojana www.kamgarsetu.mp.gov.in. We hope that this article helped you in gaining detailed information about Gramin Kamgar Setu Portal and the Rural Street Vendor loan Yojna. You can re-visit this page by bookmarking it if you wish to go through these details again.