SVANidhi Scheme: PM Modi to disburse loans to 300,000 street vendors

Prime Minister Narendra Modi on Tuesday will disburse loans to nearly 300,000 street vendors under the PM SVANidhi Scheme via video conferencing.

PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme was implemented to facilitate collateral free working capital loan to 50 lakh street vendors to restart their businesses post COVID-19 lockdowns.

More than 15 lakh loan applications have been received so far under the PM Street Vendor’s AtmaNirbhar Nidhi(PM SVANidhi) Scheme. Out of these, more than 5.5 lakh loans have been sanctioned and about 2 lakh loans disbursed.