इंदिरा गांधी शहरी क्रेडिट कार्ड योजना:- Amid the employment challenges caused by the Coronavirus, the Rajasthan government has introduced the Indira Gandhi Urban Credit Card Scheme to promote employment opportunities. This scheme specifically targets small traders in the state. In our article, you will find comprehensive details about the online application process, objectives, benefits, features, eligibility criteria, and essential documents required for this scheme. If you are interested in availing the benefits of the Indira Gandhi Urban Credit Card Scheme, we encourage you to read the article in its entirety.
Indira Gandhi Shehri Credit Card Yojana 2024
Contents
- 1 Indira Gandhi Shehri Credit Card Yojana 2024
- 2 Objective Of Indira Gandhi Shehri Credit Card Yojana
- 3 Selection process under Indira Gandhi Urban Credit Card Scheme
- 3.1 Identification of beneficiaries under Indira Gandhi Urban Credit Card Scheme
- 3.2 Shehri Credit Card Yojana Loan Repayment Schedule
- 3.3 Urban Credit Card Scheme Interest
- 3.4 Indira Gandhi Urban Credit Card Scheme Lending Institute
- 3.5 Credit Guarantee under Shehri Credit Card Yojana
- 3.6 Loan Release time limit
- 4 Eligibility for Indira Gandhi Shehri Credit Card Yojana
- 5 How to Apply For Indira Gandhi Urban Credit Card Yojana 2024?
- 6 Conclusion
- 7 FAQ’s
Rajasthan Chief Minister Ashok Gehlot has introduced the Indira Gandhi Urban Credit Card Scheme. The scheme aims to provide financial assistance, offering loans up to ₹50,000 to small traders, vendors, street vendors, and those in the unorganized sector who faced unemployment due to the COVID-19 pandemic. This initiative aims to help them navigate financial challenges. The Finance Department of Rajasthan has issued a circular outlining the scheme’s operation. Beneficiaries, including unemployed youth, will receive interest-free loans under this one-year scheme, effective until 2024. No guarantees are required, and applications can be submitted during this period. The loan’s monitoring duration is three months, and beneficiaries are expected to repay the loan within 12 months.
Shehri Credit Card Yojana Overview
| Name Of The Scheme | इंदिरा गांधी शहरी क्रेडिट कार्ड योजना |
| Started By | Rajasthan Government |
| Beneficiary | Citizens of Rajasthan |
| Objective | Providing Credit |
| Category | Sarkari Yojana |
| Official Website | Click Here |
| Year | 2024 |
| loan Amount | ₹50000 |
| State | Rajasthan |
| Application Process | Online/Offline |
Implementation of Indira Gandhi Urban Credit Card Scheme
- To carry out the Indira Gandhi Shehri Credit Card Yojana 2024, a screening committee will be formed, led by an authorized Municipal Commissioner, EO, or a representative designated by the ULB.
- This committee, responsible for loan issuance, will include the district lead manager, a representative from the district industry center, and the senior branch manager of the bank.
- The ULB’s authorized representative or District Project Officer will serve as the coordinator.
- The committee will scrutinize applications, conduct physical verifications, and subsequently provide loans to beneficiaries.
- The scheme’s implementation, specifically for Scheduled Caste, Scheduled Tribe, and Other Backward Class citizens in all urban areas, will be managed by Anuja Nigam.
- A web portal and mobile app will be developed to facilitate the scheme’s efficient execution.
Implementing Authority under Indira Gandhi Shehri Credit Card Yojana
- The District Collector will oversee the implementation and assessment of the scheme in the district, acting as the nodal officer.
- Additionally, citizens residing or conducting business in a specific area will be verified by the sub-divisional officer within that jurisdiction.
Beneficiaries of Indira Gandhi Urban Credit Card Scheme
- hairdresser
- rickshaw puller
- Potter
- eat mochi
- Mechanic
- Tailor
- Washermen
- color painter
- electrical repairmen etc.
Objective Of Indira Gandhi Shehri Credit Card Yojana
The primary goal of the Indira Gandhi Urban Credit Card Scheme 2024 is to offer financial assistance to youth facing unemployment due to the COVID-19 lockdown. The scheme aims to help them revive their businesses and create self-employment opportunities in urban areas. It also plays a crucial role in minimizing the impact of the virus on the informal business sector. By implementing this scheme, the state anticipates a reduction in the unemployment rate, enabling eligible citizens to restore their livelihoods and ultimately improving the overall standard of living.
Benefits & Features of Indira Gandhi Urban Credit Card Scheme
- Rajasthan Chief Minister Ashok Gehlot initiated the Indira Gandhi Shehri Credit Card Yojana 2024.
- The scheme provides interest-free loans up to ₹50,000 for citizens who lost employment due to COVID-19.
- Applications are accepted until March 31, 2022, without the need for any guarantees.
- The loan’s monitoring period is 3 months, and repayment is required within 12 months.
- District Collectors serve as nodal officers, and beneficiary verification is done by Subdivision Officers.
- The state government covers the scheme’s expenses.
- Loans can be withdrawn via credit or debit card in one or more installments until March 31, 2022.
- Repayment is in 12 equal installments from the 4th to 15th month, and no processing fees are charged.
- About 5 lakh beneficiaries will be served on a first-come, first-served basis.
- This scheme aids unemployed citizens in facing economic challenges and mitigates business impacts from the COVID-19 lockdown.
Main Points of Indira Gandhi Shehri Credit Card Yojana
- Citizens can avail a maximum loan of ₹50,000 annually under this scheme.
- No collateral or guarantee is needed for this interest-free loan.
- The state government provides 100% interest coverage.
- Beneficiaries must repay the loan in one or more installments by March 31, 2022, with an option for 12 equal monthly installments from the 4th to 15th month.
- No processing fees are charged for loan approval.
- A web portal and mobile app will be developed for scheme implementation.
- The benefits are provided on a first-come, first-serve basis.
- This scheme is exclusively available for citizens residing in urban areas of Rajasthan.
Indira Gandhi Urban Credit Card Scheme Deadline
- The scheme is in effect for one year.
- A 3-month moratorium period and a 12-month loan revival period have been established.
- New loans can be approved under this scheme until 2024.
- The scheme applies to citizens residing in urban areas of the state.
Selection process under Indira Gandhi Urban Credit Card Scheme
- The Shehri Credit Card Yojana benefits street traders with certificates or identity cards from the local urban authority.
- It includes vendors selected during surveys but not issued certificates, those recommended by the local urban body or Town Welding Committee in peri-urban or rural areas, and youths aged 18 to 40 working in various service sectors.
- Also covered are citizens in other services identified by the District Collector, those registered in the District Employment Centre, and local vendors without certificates, recommended by the concerned SDM.
- However, applicants with monthly incomes exceeding ₹15,000 or total family incomes surpassing ₹50,000 are not eligible for this scheme.
Identification of beneficiaries under Indira Gandhi Urban Credit Card Scheme
- Identification of street vendors, unemployed individuals, and those in informal service businesses will be done based on district-wise targets.
- Street vendors from the SC, ST, OBC categories with certificates or identity cards issued by the local urban authority will be identified.
- SC, ST, OBC traders selected in the survey but without issued certificates or identity cards will also be identified.
- Traders from SC, ST, OBC categories not included in the local urban body’s survey but recommended by the local urban body or Town Vending Committee after starting their business will be identified.
Shehri Credit Card Yojana Loan Repayment Schedule
- Repayment of the loan is done in 12 monthly installments.
- Officials from the Local Government Department will assist in the loan repayment process.
- The beneficiary has the flexibility to repay the loan using cash, online methods, or through UPI.
Urban Credit Card Scheme Interest
- The government has set the bank rate for this scheme at 10%.
- Transactions related to loans will not be subject to stamp duty.
- The bank will send an interest demand at the quarter’s end, and beneficiaries are required to make timely payments.
- Interest payments can also be made in the upcoming financial year.
- The Autonomous Government Department will allocate the necessary funds for interest in the budget.
- The state government is anticipated to establish the maximum period for interest payment concerning NPA loans.
Indira Gandhi Urban Credit Card Scheme Lending Institute
- Scheduled Commercial Bank
- Regional Rural Bank
- Small Finance Bank
- co-operative bank
- Non Banking Finance Companies
Credit Guarantee under Shehri Credit Card Yojana
- All loans under this scheme are protected by the Credit Guarantee Fund Trust for Micro and Small Enterprises.
- The credit guarantee fees from the fund will vary, ranging from 0.85% to 2%.
- Additionally, the beneficiary is required to pay GST.
Loan Release time limit
- After applying, the nodal officer will complete the necessary investigation in 15 working days.
- Subsequently, the concerned lending institution will scrutinize and approve the application within 7 working days.
- The delivery of the credit card will take 3 working days.
- In total, the loan approval process will be completed within 25 days from the date of application.
Eligibility for Indira Gandhi Shehri Credit Card Yojana
- Residency Requirement: Applicants must be permanent residents of Rajasthan.
- Age Criteria: The age of the applicant should fall within the range of 18 to 40 years.
- Income Limit: To qualify for the Credit Card Scheme, the applicant’s monthly income should not exceed ₹15,000.
- Family Income Limit: The monthly family income of the applicant should be ₹50,000 or less.
- Small Traders Eligibility: Small traders with a certificate or identity card issued by the urban body are eligible.
- Inclusion of Left-Out Traders: Traders not covered in the survey or those with recommendation letters from the Town Vending Committee can also benefit.
- Surveyed Vendors: Vendors identified during the survey are eligible, even if they haven’t been issued a certificate or identity card.
Required Documents
- Aadhar card
- Address proof
- income certificate
- identity card
- age certificate
- mobile number
- passport size photograph
How to Apply For Indira Gandhi Urban Credit Card Yojana 2024?
- Borrowers under the Shehri Credit Card Yojana are exempt from paying interest on the loan received.
- This benefit targets 5 lakh individuals residing in Municipalities, Municipal Councils, and Municipal Corporations.
- The scheme will be executed by the Autonomous Government Department and the Scheduled Caste Corporation for urban beneficiaries belonging to Scheduled Castes, Scheduled Tribes, and Other Backward Classes.
- Effective until 2024, the application process is exclusively online via the web portal or Android app.
- Additionally, eMitra Kiosks and a help desk at the Local Government Department level are available for assistance and issue resolution.
Conclusion
In conclusion, the Indira Gandhi Shehri Credit Card Yojana 2024, with its online application process, eligibility criteria, and associated benefits, stands as a pivotal initiative by the government to address employment challenges exacerbated by the ongoing pandemic. With a focus on supporting small traders, this scheme aims to stimulate economic revival. By offering a streamlined approach to financial assistance, it endeavors to uplift citizens affected by the pandemic’s economic repercussions, ultimately contributing to the broader goal of fostering sustainable livelihoods in the urban landscape.
FAQ’s
How to apply online for Indira Gandhi Urban Credit Card Scheme 2024?
You can apply online for the scheme by visiting the official portal.
What are the eligibility criteria to apply?
The eligibility criteria for the scheme may vary, but generally the scheme will benefit those small traders who have lost their employment due to Corona infection.
What are the benefits of this scheme?
Under this scheme, loans will be provided to small traders, so that they can improve their business position and increase employment potential.
What will be the required documents?
A list of required documents will be provided along with the application, which will help the applicant to complete the application correctly.
Is there any kind of processing fee under the scheme?
No, there is no processing fee for this scheme to ensure that there are no barriers for the individual to avail the loan.
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