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PSU banks sanction 95% of total loans under PM SVANidhi scheme

PSU banks sanction 95% of total loans under PM SVANidhi scheme
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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Govt's top priority is to ensure trust and transparency for depositors, investors, says PM Modi

Govt's top priority is to ensure trust and transparency for depositors, investors, says PM Modi
timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.

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Banks lend Rs 1,200 crore to 12.17 lakh street vendors; SBI disburses Rs 180 crore

Banks lend Rs 1,200 crore to 12.17 lakh street vendors; SBI Rs 180 crore
SBI SVA-Nidhi loans: Banking experts say the interest rate under street vendor is quite reasonable as there is no collateral requirement
Anand Adhikari | January 8, 2021 | Updated 00:09 IST
The banking industry has loosened its purse strings for unbanked and under served street vendors with Rs 1,200 crore loan disbursements under the PM Street Vendor s Atma Nirbhar Nidhi Scheme. The scheme was launched in June last year as part of Covid relief to street vendors, who had no other way to earn livelihood due to lockdown and other social distancing restrictions.
The scheme, a micro loan facility, offered collateral free loans of Rs 10,000 per person with an average interest rate of 10 per cent for a year. Currently, the home loan interest rates are between 7-8 per cent and personal loan rates are 11-13 per cent. Banking experts say the interest rate under street vendor is quite reasonable as the ....

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