Indira Gandhi Urban Credit Card Scheme 2022: Apply Online, Eligibility

Indira Gandhi Urban Credit Card Yojana Online Application | Indira Gandhi Shahri Credit Yojana form | Eligibility and application process

As you are all aware, the Coronavirus outbreak has impacted every citizen’s ability to find a job. To create jobs in this circumstance, the government is launching several sorts of programs. We’re going to provide you information on one such program that the Rajasthani government launched whose name is the Indira Gandhi Urban Credit Card Scheme. Loans will be made available to the state’s small business owners under this plan. Through this article, we will provide information about this plan such as the online application procedure, the scheme’s goal, advantages, characteristics, requirements, key papers, etc. So, please read this article through to the end.

Indira Gandhi Shahri Credit Card Scheme 2022

Ashok Gehlot, the Chief Minister of Rajasthan, has announced the introduction of the Indira Gandhi Urban Credit Card Scheme. Loans of up to Rs 50,000 will be made available through this program to small business owners, street vendors, cart vendors, and those working in the unorganized sector who have lost their jobs as a result of coronavirus infection to help small business owners deal with the economic crisis. The Rajasthan Finance Department has also released the circular for the use of this program. Unemployed adolescents will receive cash assistance under this program. In addition, this plan can lessen the negative impacts of the lockdown on unofficial commerce. The loan obtained through this program will have no interest. This program will be in effect for a year. To qualify for a loan through the Shehri Credit Card Yojana, you are not required to provide any sort of guarantee. Applications for this program may be submitted through March 31, 2022. Three months have been set aside for loan monitoring. The loan must be repaid by the recipient within a year.

INDIRA GANDHI URBAN CREDIT CARD SCHEME

Draft of Indira Gandhi Urban Credit Card Yojana approved

As you are all aware, the Shahri Credit Card Yojana was introduced to give people job chances in cities. Urban street sellers and jobless youngsters in the service sector will both receive guarantee-free loans under this program. The amount of this loan is Rs 50000.  On August 16, 2021, the Rajasthani government accepted the draught of this program. Ashok Gehlot, the chief minister of Rajasthan, has also given his approval to the draft of this program. In light of the coronavirus infection, it was announced that this program will begin in this year’s budget to give financial resources for work, self-employment, and daily requirements.

Indira Gandhi Urban Credit Card Scheme Nodal Officer and payment of the amount

The District Collector will serve as the district’s nodal person for the Indira Gandhi Urban Credit Card Scheme. The Sub-Divisional Officer shall confirm the beneficiaries. The state government will be responsible for paying all expenses related to this program. Up to March 31, 2022, the recipient may withdraw the loan amount using a credit card or debit card in one or more payments. The loan will be returned in 12 equal monthly payments from the fourth to the fifteenth month. Under the Shahri Credit Card Yojana, the beneficiary will not be charged a processing fee for the loan. Loans would be made available to about 5 lakh persons on a first-come, first-serve basis. According to this plan, scheduled commercial banks, regional rural banks, small finance banks, cooperative banks, and non-banking finance firms would all offer loans. Based on the certificate that the district-level local urban council granted to the vendor, the beneficiaries will be determined.

 Key Highlights Of Indira Gandhi Shehri Credit Card Scheme 2022

Implementation of the Indira Gandhi Urban Credit Card Scheme

A screening committee would be established by the ULB for the execution of the Indira Gandhi Shehri Credit Card Yojana 2022 under the leadership of a designated Municipal Commissioner, EO, or another representative. The task of providing loans will be handled by this screening committee. Members of the committee will include the district lead manager, a representative of the district industry center, and the senior branch manager of the bank. The convener of this group will furthermore be the authorized representative or District Project Officer from the ULB. The applications that the committee receives will be carefully examined, and physical verification will be carried out. The beneficiaries will then be able to access the loan. For the execution of the plan, a website and mobile application will be created. Anuja Nigam will execute this program for residents of all urban areas who are members of Scheduled Castes, Scheduled Tribes, and Other Backward Classes.

Implementing Authority under Indira Gandhi Shehri Credit Card Yojana

• The implementation and review of the scheme in the district will be done by the District Collector.
• The District Collector will be the nodal officer of the scheme.
• The subdivision officer will verify the citizens living or doing business in his jurisdiction.

Beneficiaries of the Indira Gandhi Urban Credit Card Scheme

• hairdresser
• rickshaw puller
• Potter
• eats cobbler
• Mechanic
• Tailor
• Washerman
• painters
• plumbers etc

Indira Gandhi Shehri Credit Card Yojana 2022 Objective

The major goal of this program is to give money to young people who are unemployed because of the lockdown brought on by a coronavirus epidemic so they may restart their businesses. Urban regions can also develop self-employment options through this plan. This plan will show promise in lessening the effects of coronavirus contamination in the unorganized business sector. The Indira Gandhi Urban Credit Card Scheme 2022 would help lower the state’s unemployment rate. All qualified citizens may benefit from this program to regain their employment. The state’s people’s level of life will also rise thanks to this plan.

Benefits and Features of the Indira Gandhi Urban Credit Card Scheme

• Ashok Gehlot, the chief minister of Rajasthan, has launched the Indira Gandhi Shehri Credit Card Yojana 2022.
• Through this program, citizens who are unemployed as a result of coronavirus illness will have access to loans up to Rs 50,000.
• The loan offered under this program will have no interest at all.
• Applications for this program may be submitted through March 31, 2022.
• No guarantee of any type is required in order to obtain the loan.
• Three months have been set aside for loan monitoring.
• The loan must be repaid by the recipient within a year.
• The nodal official for this program in the district will be the district collector.
• The Sub-Divisional Officer shall confirm the beneficiaries. The state government will be responsible for paying the costs associated with this program.
• You can withdraw the borrowed amount using a debit or credit card.
• Up to March 31, 2022, this withdrawal can be made in one or more payments.
• The payment will be made over the course of 4 to 15 months in 12 equal payments.
• The beneficiary will not be required to pay any processing fees in order to obtain the loan.
• Through this program, loans would be made available to about 5 lakh recipients on a first come, first serve basis.
• The unemployed folks will be able to deal with the economic crisis thanks to this plan.
• This plan can help lessen the negative impacts on the company caused by the lockdown brought on by a coronavirus illness.

Main points of Indira Gandhi Shehri Credit Card Yojana

• The maximum loan that may be received each year is Rs 50000.
• This loan will not demand any collateral.
• This loan will be interest-free, and the state government will cover all interest costs under this plan.
• The Beneficiary shall repay the Loan Amount in one or more payments by March 31, 2022.
• From the fourth to the fifteenth month, the loan amount may be returned in 12 equal monthly payments.
• There is no processing cost associated with issuing this loan.
• For the implementation of the plan, both a website and a mobile application will be created.
• Only residents of Rajasthan’s metropolitan regions are eligible for this scheme’s benefits, which are distributed on a first-come, first-served basis.

Time limit of Indira Gandhi Shehri Credit Card Yojana

• This scheme will be implemented for 1 year.
• Under this scheme, the moratorium period has been fixed for 3 months and the loan revival period has been fixed for 12 months.
• New loans can be sanctioned under this scheme till 31 March 2022.
• This scheme is applicable for the citizens living in the urban area of ​​the state.

Selection process under Indira Gandhi Urban Credit Card Scheme

• The Shehri Credit Card Yojana would help street vendors who were chosen during the survey but were not awarded certificates or identity cards for any reason, as well as those who were issued certificates or identification cards but were not allowed to sell them.
• Business owners who operate in rural or peri-urban areas that are within the jurisdiction of the local municipal body and who have received a letter of recommendation from the town welding committee.
• Young people ages 18 to 40 employed in a range of service industries.
• Residents who work for other companies and have been selected and included by the district collector based on regional circumstances.
• Citizens who have enrolled with the District Employment Center.
• The concerned SDM may propose local vendors who do not possess the certificate issued by the local body.
• This program will not accept applicants whose monthly income exceeds Rs 15,000.
• Applicants whose combined family income is Rs 50,000 or above will also be excluded from this program.

Identification of Beneficiaries under Indira Gandhi Urban Credit Card Scheme

• Street vendors, unemployed and citizens engaged in informal service business will be identified as per the target allotted in each district.
• SC, ST, OBC category traders working in the streets will be identified who have been given certificate or identity card for sale by the local urban faculty.
• Such SC, ST, OBC category traders will be identified who were selected during the survey but for some reason the identity card of the certificate was not issued.
• All those SC, ST, OBC category traders will be identified who were left out in the survey conducted by the local urban body and who have started business after the survey but have been given a recommendation letter by the local urban body or town vending committee. .

Shehri Credit Card Yojana Loan Repayment Schedule

• The loan has to be repaid in 12 monthly installments.
• Cooperation will be provided by the officials of the Local Government Department in the repayment of the loan.
• The beneficiary can repay the loan in cash or online or through UPI.

Urban Credit Card Scheme Interest

• In accordance with this plan, the government has set the bank’s rate at 10%.
• Loan-related transactions will continue to be exempt from stamp duty.
• At the conclusion of the quarter, the bank will issue a demand for the interest payment.
• The recipient will occasionally be required to pay interest.
• Interest payments are possible in the next fiscal year.
• The Self Government Department will include the necessary sum in the budget for interest.
• The State Government must set the maximum time frame for interest payments with regard to NPA loans.

Indira Gandhi Urban Credit Card Scheme Lending Institutions

• 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 provided under this scheme will be subsumed under the Credit Guarantee Fund Trust for Micro and Small Enterprises.
• The credit guarantee fee offered by the fund will range from 0.85% to 2%.
• The beneficiary will also have to pay GST.

Loan release time limit

• After applying, it will take 15 working days for the nodal officer to complete the necessary investigation.
• Thereafter, it will take 7 working days for scrutiny and acceptance by the concerned lending institution.
• Delivery of credit cards will take 3 working days.
• Loan will be sanctioned within 25 days from the application.

Eligibility of Indira Gandhi Shehri Credit Card Yojana 2022

• The candidate must be a permanent resident of Rajasthan and must be between the ages of 18 and 40.
• The applicant’s monthly income must be Rs 15,000 or less to qualify for this program.
• The family’s monthly income should be no more than Rs 50,000.
• This program is open to all small business owners who have received a certificate or identification card from the local government.
• The survey’s omitted vendors and beneficiaries Wonder with letters of recommendation from the Town Vending Committee will also be qualified for this program.
• This program is also open to the merchants chosen throughout the survey. (To whom no identity card or certificate has been granted)

Important documents

• Aadhar Card
• residence certificate
• income certificate
• identity card
• age certificate
• mobile number
• passport size photograph

Procedure to apply under Indira Gandhi Urban Credit Card Scheme

• Additionally, the beneficiary is exempt from paying interest on loans obtained through the Shehri Credit Card Yojana. 5 lakh persons who live within the jurisdiction of the municipality, city council, and Municipal Corporation will receive benefits from this program.
• The Self Government Department will carry out the execution of this plan. In addition, the Scheduled Castes Corporation will administer this program for Scheduled Castes, Scheduled Tribes, and Other Backward Classes residents residing in urban areas.
• This scheme will be applicable till 31 March 2022. 
• Applications will be accepted under this scheme only through web portal and Android app.

• Beneficiary can also take help of Emitra kiosk for application. 
• Apart from this, a help desk will also be set up at the level of the Local Government Department to guide the applicants and for redressal of grievances.