The Government of Himchal Pradesh, Department of Revenue on 9th December 2021 has reduce the Stamp Duty from minimum applicable rate of Rs 100/- to Rs 10/- ( Rupees ten) on the instruments of hypothecation agreements for the loans sanctioned to the Street- Vendors, Rehriwala etc. under PM SVA Nidhi Scheme applicable in Urban Area.
The PM Street Vendor’s AtmaNirbhar Nidhi (PM Svanidhi) scheme was launched by the government in June 2020 to provide credit for working capital to the street vendors. Under this scheme, the street vendors can take collateral-free loans with low-interest rates for one year.
The Main objective of the scheme is to incentivise regular repayment of the loan, and reward digital transactions.
