The COVID-19 pandemic has wreaked havoc on economies worldwide, leading to severe job losses and financial distress for many. To combat this issue and foster economic growth, the Government of Rajasthan has introduced the Indira Gandhi Urban Credit Card Scheme. This ambitious initiative aims to provide financial assistance to small traders, vendors, cart traders, and citizens engaged in the unorganized sector who have lost their livelihoods due to the pandemic. In this comprehensive article, we will delve into the intricacies of the scheme, including the online application process, eligibility criteria, benefits, features, and other essential aspects that potential beneficiaries need to know. By the end of this article, you will have a thorough understanding of the Indira Gandhi Urban Credit Card Scheme, empowering you to make an informed decision and potentially improve your financial situation.
What is the Indira Gandhi Urban Credit Card Scheme ?
The Indira Gandhi Urban Credit Card Scheme is an initiative launched by the visionary Rajasthan Chief Minister, Ashok Gehlot. This scheme aims to provide interest-free loans of up to ₹50,000 to those affected by the pandemic, specifically small traders, vendors, cart traders, and individuals providing services in the informal sector. The primary objective of this scheme is to alleviate the economic burden caused by the lockdown and enable these individuals to sustain their businesses during challenging times.
Key Features and Benefits of the Scheme
- Interest-Free Loans: Under this scheme, beneficiaries are eligible to avail of interest-free loans, providing much-needed financial relief without additional financial burden.
- Loan Repayment Period: The loan obtained through the Shehri Credit Card Yojana is applicable for one year, and the beneficiary has a grace period of three months before repayment commences. The loan must be repaid within 12 months from the time of disbursement.
- No Collateral Required: One of the significant advantages of this scheme is that applicants do not need to provide any collateral or guarantee to obtain the loan, easing the application process.
- Eligibility Criteria: To be eligible for the scheme, applicants must be permanent residents of Rajasthan and fall within the age bracket of 18 to 40 years. Additionally, the applicant’s monthly income should not exceed ₹15,000, and the family’s total monthly income should not exceed ₹50,000.
- Lending Institutions: The Indira Gandhi Urban Credit Card Scheme is extended through various lending institutions, including scheduled commercial banks, regional rural banks, small finance banks, cooperative banks, and non-banking finance companies.
- Web Portal and Mobile App: To facilitate seamless application and monitoring, the government will develop a user-friendly web portal and mobile app through which beneficiaries can apply for the scheme.
Application Process for Indira Gandhi Shehri Credit Card Scheme
Applying for the Indira Gandhi Urban Credit Card Scheme is a straightforward process that can be done through the designated web portal or Android app. The Self Government Department will oversee the implementation of the scheme, and assistance can also be sought from Emitra Kiosks. A dedicated help desk at the Local Government Department will be available to guide applicants through the application process and address any grievances.
To apply for the scheme, eligible candidates will need to provide essential documents such as:
- Aadhar card
- Address proof
- Income certificate
- Identity card
- Age certificate
- Mobile number
- Passport-size photograph
The process of application approval typically takes 15 working days for necessary investigations, followed by an additional 7 working days for scrutiny and approval by the lending institution. Upon approval, the credit card will be delivered within 3 working days, and the loan amount will be disbursed within 25 days from the application date.
Apply through the link Click Here
Or You can also apply through E Mitra Portal
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Selection Criteria for Beneficiaries
The selection process under the Indira Gandhi Urban Credit Card Scheme is designed to cater to various sections of society and promote inclusivity. The scheme will benefit:
- Traders with Certificate or Identity Card: Street vendors and traders belonging to SC, ST, and OBC categories, possessing valid certificates or identity cards issued by the local urban faculty.
- Traders without Certificates: Traders selected during the survey but not issued certificates or identity cards due to specific reasons.
- Traders with Recommendation Letters: Traders in peri-urban or rural areas recommended by the local urban body or town vending committee.
- Youth in Service Sectors: Youth aged between 18 to 40 years working in various service sectors.
- Citizens Employed in Other Services: Citizens employed in other services identified and included by the District Collector based on local conditions.
- Registered Citizens with District Employment Center.
- Local Vendors without Certificates: Local vendors without certificates can be recommended by the concerned Sub-Divisional Magistrate (SDM).
Applicants with monthly incomes exceeding ₹15,000 or total family monthly incomes exceeding ₹50,000 will not be eligible for the scheme.
Implementation and Monitoring of the Scheme
For the effective implementation and monitoring of the Indira Gandhi Urban Credit Card Scheme, a screening committee will be constituted by the Urban Local Bodies (ULB) with representation from various stakeholders. The District Collector will be the nodal officer responsible for overseeing the scheme’s implementation and review in the district.
Conclusion
The Indira Gandhi Urban Credit Card Scheme is a commendable initiative by the Rajasthan Government to support small traders, vendors, and those in the informal sector adversely affected by the pandemic. By providing interest-free loans and simplifying the application process, the scheme aims to boost economic growth and empower individuals to revitalize their businesses. To take advantage of this scheme, eligible citizens must promptly apply through the web portal, Android app, or designated assistance centers. By embracing this opportunity, beneficiaries can improve their livelihoods and contribute to the economic resurgence of Rajasthan.
So, if you are an aspiring entrepreneur or a small trader facing financial challenges due to the pandemic’s impact, the Indira Gandhi Urban Credit Card Scheme 2023 is your gateway to a brighter future. Apply today and seize the opportunity to rebuild your business and secure a stable and prosperous future.
FAQs
Who is eligible for the Indira Gandhi Urban Credit Card Scheme?
To be eligible for the scheme, applicants must be permanent residents of Rajasthan and fall within the age bracket of 18 to 40 years. Additionally, the applicant's monthly income should not exceed ₹15,000, and the family's total monthly income should not exceed ₹50,000.
What are the key features of the Indira Gandhi Urban Credit Card Scheme?
The scheme offers interest-free loans of up to ₹50,000 with a repayment period of one year. No collateral is required for obtaining the loan.
How can I apply for the Indira Gandhi Shehri Credit Card Scheme?
The application process can be completed through the designated web portal or Android app. Assistance is also available at Emitra Kiosks and the Local Government Department's help desk.
What is the loan disbursement timeframe under the scheme?
Upon approval, the credit card will be delivered within 3 working days, and the loan amount will be disbursed within 25 days from the application date.
Can local vendors without certificates apply for the scheme?
Yes, local vendors without certificates can be recommended by the concerned Sub-Divisional Magistrate (SDM) for the scheme.
