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PM SVANidhi scheme: UP, M.P and Telangana tops in extending loans to street vendors


PM SVANidhi scheme: UP, M.P and Telangana tops in extending loans to street vendors
February 09, 2021
 
Street vendors who do business with pushcarts were the major beneficiaries of PM SVANidhi (Prime Minister Street Vendor’s Aatmanirbhar Nidhi) scheme, constituting nearly two-thirds of the loans availed.
On June 1 last year, the government launched PM SVANidhi scheme to provide affordable working capital loan to street vendors, who were adversely affected due to Covid-19 induced lockdown.
Launched by the Union Ministry of Housing and Urban Affairs, the scheme aimed at providing working capital loans of up to ₹10,000, which is repayable in monthly instalments in one year. ....

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