Who among the following are elligible for Indira Gandhi Shahri Credit Card Yojana?

1. Hair Dressers (Age between 18-40 years)

2. Tailors (Age between 18-40 years )

3. Plumbers (Age between 18-40 years)

4. Street vendors identified in survey

The correct answer is All 1, 2, 3, and 4.

Key Points

• The Indira Gandhi Shahri Credit Card Yojana aims to provide financial assistance to urban individuals engaged in self-employment activities to improve their livelihoods.
• Eligible beneficiaries include Hair Dressers, Tailors, Plumbers, and Street Vendors aged between 18-40 years and identified through surveys.
• The scheme provides an interest-free working capital loan of up to ₹50,000 to eligible individuals.
• It is implemented by the respective state government’s urban development department to promote self-reliance among urban workers.
• The scheme seeks to support self-employed individuals in urban areas who often lack access to formal financial institutions.

Additional Information

• Eligibility Criteria:
  • Applicants must be aged between 18-40 years and actively engaged in self-employment activities in urban areas.
  • Street vendors must be identified through official municipal surveys.
  • Applicants must not be beneficiaries of other similar government schemes.
• Key Objectives:
  • To promote self-employment and entrepreneurship among urban workers.
  • To provide easy access to credit for individuals in the informal sector.
• Loan Features:
  • The loan amount is interest-free, with flexible repayment terms.
  • The loan aims to cover working capital needs for small-scale self-employment activities.
• Implementation:
  • The scheme is implemented at the state level under the guidance of urban development departments.
  • Municipalities and urban local bodies play a key role in identifying and verifying beneficiaries.
• Other Similar Schemes:
  • PM SVANidhi: Aims to provide loans to street vendors for working capital needs.
  • Deendayal Antyodaya Yojana: Focuses on urban and rural self-employment initiatives.