(a) the objective and full features of the PM Svanidhi scheme;
(b) the number of loans sanctioned and disbursed under the said scheme, State-wise; and
(c) the number of street vendors benefitted under this scheme till date?
(a) the objective and full features of the PM Svanidhi scheme;
(b) the number of loans sanctioned and disbursed under the said scheme, State-wise; and
(c) the number of street vendors benefitted under this scheme till date?
MINISTER OF STATE FOR FINANCE
(a) to (c)Ministry of Housing and Urban Affairs (MoHUA) launched Pradhan Mantri Street Vendors, Atma Nirbhar Nidhi Scheme (PM SVANidhi) on June 01, 2020 with the objective to facilitate collateral free working capital loan up to Rs. 10,000 of one year tenure, to about 50 lakh street vendors across the country whose businesses had been adversely affected due to lockdown. The scheme also provides for incentives in the form of interest subsidy @ 7% per annum on regular repayment of loan and cash-back reward upto Rs. 100 per month on undertaking prescribed digital transactions.
Further, on timely or early repayment, the vendors are eligible for enhanced working capital loan during the next cycle. The scheme further provides for Socio-economic profiling of beneficiaries and their families to determine their eligibility for various central Government welfare Schemes and link them to these schemes. The Scheme also aims to facilitate beneficiary Street Food Vendors to on-board e-commerce platforms for food delivery.
MoHUA has informed that, on 15.03.2021, 23.24 lakh loans have been sanctioned and 18.54 lakh loans have been disbursed to the beneficiaries under the Scheme. State-wise data of loan sanctioned and disbursed is annexed.
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