Loans of 5.28 lakh street vendors of UP approved under PM SVANidhi fair

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Lucknow, 07 March: Under the Prime Minister Street Vendors AtmaNirbhar Nidhi (PMSVANidhi) scheme, the SVANidhi loan fair has come to an end on Sunday.

Meanwhile, this fair was organized from March 1 to 6 in all the municipal bodies of the state. Street vendors participated extensively in this fair.

According to the updated data of the PM SVANidhi portal of the Government of India (GOI) at 4 pm on Sunday evening, about 5,28,210 street vendors loans were approved across the state and about 9,02,832 street vendors registered for loans.

Meanwhile, people participated enthusiastically in the loan fair held across the state.

Under the loan Mela, camps were organized at every place in every body. Street vendors took information about the loan at the fair and also took benefit of the scheme. The special thing is that women also participated in the Street Vendors Scheme.

Similarly, street vendors also inquired about security free loan facility and digital transactions up to 10,000. Also availed cash back scheme.

So far, 8.32 lakh beneficiaries are being benefited at the SVANidhi loan fair. Along with this, there is a plan to provide security free loan up to 10 thousand, 7 percent interest subsidy on regular payments, cashback of Rs 1200 per year on digital transactions. Apart from this, there will also be a facility and a big loan for the next time you get a loan.

Prime Minister Narendra Modi gave the green signal to the ‘PM SVANidhi Yojana’ at the meeting of the Central Cabinet on June 1, 2020. Under this scheme, there is a provision of providing a loan of up to Rs. 10,000 by the Central Government to enable the street vendors and track shopkeepers to resume their work afresh.

The scheme was implemented in all the municipal bodies including 17 municipal corporations. A target of 8 lakh loan disbursements was set by March 31.  

Under the scheme, data distribution of more than 8 lakh urban street vendors is available on the portal of the scheme. So far, 9, 02,832 online applications have been made under the scheme and 5, 28,210 loans have been approved and loans have been disbursed to 4, 42,054 street vendors.