The Chief Minister Rural Path Vendor Loan Scheme is an initiative by the Panchayat and Rural Development Department, Government of Madhya Pradesh, designed to provide financial assistance to small traders and vendors in rural areas. The scheme provides working capital of up to ₹10,000 to help vendors and small traders set up businesses and promote regular loan repayment. It is aimed at street vendors, including those selling goods like fruits, snacks, clothes, or providing services such as barbering and tool repair in rural areas.
Under the scheme, low-cost equipment or working capital is made available through banks, and Entrepreneurship Development Training (EDP) is provided by the Self Employment Training Institute (RSET) for setting up new businesses.
Scheme Key Highlights (Short Summary)
• Launched by: Panchayat and Rural Development Department, Government of Madhya Pradesh
• Loan Amount: ₹10,000 (interest-free) for setting up businesses
• Target Group: Small traders and rural vendors
• Eligibility: Rural poor residents of Madhya Pradesh
• Training Support: Provided through the Self Employment Training Institute (RSET)
Benefits
• Low-cost equipment/working capital loan up to ₹10,000
• Entrepreneurship Development Training to rural migrants through RSET
• Interest-free loan after completing training
• Support to rural vendors for setting up or expanding businesses
Eligibility
• The applicant must be a resident of Madhya Pradesh
• The applicant must be from a rural area
• The applicant must be a small trader or vendor from the rural poor class
• The applicant should not have defaulted on any prior government loans
Application Process
Online
• Step 1: Visit the Street Vendor Portal and click on “Register”
• Step 2: Verify your mobile number via OTP and select the “Rural Path Vendor” option
• Step 3: Verify your Aadhaar number by providing the OTP sent to your Aadhaar-linked mobile number
(If not linked, visit a kiosk for biometric verification)
• Step 4: Complete the application form by filling in the mandatory details and uploading the required documents
• Step 5: Review all information and click on “Submit” to submit the application
• Confirmation: You will receive an SMS confirmation after submitting the application
Documents Required
• Aadhaar Number
• Mobile Number linked to Aadhaar
• Samagra ID
• Bank Account Details
Frequently Asked Questions (FAQs)
Q: What is the Chief Minister Rural Path Vendor Loan Scheme?
A: It is a financial assistance scheme to support small traders and vendors in rural areas of Madhya Pradesh by providing them with a loan of ₹10,000 for business setup.
Q: Who is eligible for this scheme?
A: Small traders, vendors, and rural poor residents of Madhya Pradesh who have not defaulted on any previous government loans.
Q: How can I apply for this scheme?
A: Applicants can apply online via the Street Vendor Portal by registering, verifying their Aadhaar, and submitting the required documents.
Q: What documents are required for application?
A: Aadhaar number, mobile number linked to Aadhaar, Samagra ID, and bank account details.
Q: Is there a fee for applying to the scheme?
A: No, the application process is free.
Q: How will I know if my application is successful?
A: You will receive a confirmation SMS after submitting the application.
Q: What happens if there is an error in my application?
A: You will need to correct the errors before submission. If an issue is found later, you will be notified.
Q: How long does the verification process take?
A: The verification process typically takes a few days, depending on the number of applications.
Q: How will I receive the loan amount?
A: After successful verification, the loan amount will be disbursed directly to the applicant’s bank account.
Sources and References
• Guidelines
• Registration Portal
• User Manual For Registration