NEW DELHI. A total of over one crore loans amounting to 17,115 crore rupees have been disbursed to street vendor beneficiaries under the PM SVANidhi scheme so far. The scheme was launched in June 2020 to provide collateral-free working capital term loans to urban street vendors. Minister of State for Housing and Urban Affairs Tokhan Sahu said this in a written reply to a question in the Rajya Sabha today. He said the loan amount of 15 thousand rupees is being provided to the street vendor for the first tranche and 25 thousand rupees for the second tranche. The restructured scheme now provides for cashback on wholesale purchases in addition to cashback on retail digital transactions.
PM SVANidhi Scheme Supports Street Vendors With 17,115 Crore Loans
