Loan worth Rs.2,714 cr disbursed to 27.06 lakh beneficiaries under PM SVANidhi Scheme so far

New Delhi: Government has said that loan worth two thousand 714 Crore rupees has been disbursed to over 27 lakh beneficiaries under the Pradhan Mantri Street Vendors, Atma Nirbhar Nidhi Scheme - PM SVANidhi so far.

The scheme was launched on 1st June last year, with the objective to facilitate collateral-free working capital loan up to ten thousand rupees, to about 50 lakh street vendors across the country whose businesses had been



adversely affected due to lockdown.

In a written reply in the Rajya Sabha yesterday, Minister of State for Housing and Urban Affairs, Kaushal Kishore said, out of the total beneficiaries, 59 percent are male and 41 percent are female.

He said, as on 13th of this month, over 30 lakh loans amounting to over three thousand crore rupees have been sanctioned under the PM SVANidhi.