PM Modi to virtually distribute loans to 300,000 street vendors under PM SVANidhi Scheme today

As many as 3.27 lakh applications from UP are approved and loan of 1.87 lakh has been disbursed, ANI said quoting the web site narendramodi.in. Out of the entire applications, 12 lakh are approved and loans worth about 5.35 lakh are disbursed, it added.

PM Modi to virtually distribute loans to 300,000 street vendors under PM SVANidhi Scheme today
PM Modi

Prime Minister Narendra Modi will distribute loans to just about 300,000 street vendors under the PM SVANidhi Scheme (Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Yojana) through video conferencing on Tuesday. He also will communicate with beneficiaries of the scheme on the occasion.PM SVANidhi Scheme was launched on June 1, 2020 for poor people selling goods on roads and tracks, who were affected thanks to the coronavirus pandemic.

“Will interact with my brothers and sisters from Uttar Pradesh who sell goods on roads. it'll be a chance to understand how Pradhan Mantri Swanidhi Yojana gave new strength to them,” PM Modi tweeted on Monday.Under PM SVANidhi Scheme, street vendors can get capital of up to Rs10,000 at subsidised rates.

Consistent with press agency ANI, over 24 lakh applications are received under this scheme thus far , with 557,000 applications from vendors in Uttar Pradesh the very best across the country.As many as 3.27 lakh applications from UP are approved and loan of 1.87 lakh has been disbursed, ANI said quoting the web site narendramodi.in. Out of the entire applications, 12 lakh are approved and loans worth about 5.35 lakh are disbursed, it added.