THE MINISTER OF HOUSING AND URBAN AFFAIRS
(SHRI HARDEEP SINGH PURI)
(a) to (d): A statement is laid on the Table of the House.
STATEMENT
STATEMENT REFERRED TO IN REPLY TO THE LOK SABHA STARRED QUESTION NO. 277 DUE FOR ANSWER ON 16.12.2021 REGARDING BENEFICIARIES UNDER PM SVANIDHI SCHEME
(a): The number of beneficiaries, who have received working capital loan under PM SVANidhi Scheme, in Tamil Nadu and Andhra Pradesh as on December 13, 2021 is 1,47,414 and 1,82,051 respectively.
(b): Under PM SVANidhi Scheme, the rate of interest charged is dependent on category of Lending Institution and is as under:
(i) In case of Scheduled Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Cooperative Banks & SHG Banks, it is as per their prevailing rates of interest.
(ii) In case of Non-Banking Finance Company (NBFC), NBFC-Micro-Finance Institutions (MFIs) etc., it is as per RBI guidelines for respective lender category.
(iii) In respect of MFIs (non NBFC) & other lender categories not covered under the RBI guidelines, it is applicable as per the extant RBI guidelines for NBFC-MFIs.
An interest subsidy of 7% is paid by the Union Government on a quarterly basis on timely repayment of loan. The interest above the subsidy is borne by the beneficiary.
On carrying out digital transactions, upto Rs. 100 per month cashback, is directly credited to the beneficiary’s savings bank account.
(c): PM SVANidhi is a Central Sector Scheme. No fund is released to the State Governments. Beneficiaries in Tamil Nadu and Andhra Pradesh have been paid interest subsidy of Rs. 2.21Cr and Rs. 2.48Cr and cashback of Rs. 9.31 lakh and Rs. 32.29 lakh respectively.
(d): As informed by the States, no such arrangement has been made by State Governments of Tamil Nadu, Andhra Pradesh and Gujarat.
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