How to Get a ₹10,000 Loan Without Salary Slip or Bank Records - Complete Guide

The central government is preparing to roll out a new microcredit scheme aimed at strengthening the financial backbone of gig and unorganized workers. This initiative promises easy loans without collateral, opening doors for millions who have long stayed outside the formal banking system.

What Is the New Microcredit Scheme?

Under the proposed scheme, eligible workers will be able to get loans of up to ₹10,000 without any guarantee. The focus is on urban gig workers such as delivery partners, domestic helpers, and daily wage earners who need small funds to support their livelihoods.

When Will the Scheme Start?

As per media reports, the scheme is likely to be implemented from April 2026. The plan has been prepared by the Ministry of Housing and Urban Affairs, with the goal of quick and easy financial access for urban workers.

Who Will Benefit the Most?

Delivery workers associated with platforms like Swiggy, Zomato, Zepto, Blinkit, along with domestic helpers and other unorganized workers, stand to gain the most. The loan can be used to buy bikes, smartphones, or work-related tools.

Inspired by PM-SVANidhi Model

The scheme is expected to follow the PM-SVANidhi pattern. Under PM-SVANidhi, borrowers start with a ₹10,000 loan, which can increase to ₹20,000 and later ₹50,000 with timely repayment. Benefits like interest subsidy and digital payment incentives may also be included here.

Who Is Eligible to Apply?

Workers registered on the e-Shram portal will be eligible. Those with verified Aadhaar, UAN, or other valid documents will be given priority. The scheme mainly targets workers already listed in government databases.

Bringing Workers into the Banking System

Many gig and unorganized workers are denied loans due to the absence of income proof or credit history. This scheme aims to bridge that gap by offering small, accessible loans and gradually connecting them to the formal financial ecosystem.

A Strong Push Towards Self-Reliance

By November 2025, over 310 million unorganized workers had registered on the e-Shram portal. This new microcredit scheme is a major step towards empowering them financially, encouraging self-employment, and promoting inclusive growth.

In short, this upcoming scheme could be a game-changer for gig and unorganized workers, offering not just financial support, but also a pathway into the formal economy.