PM Narendra Modi to disburse loans to 3 lakh street vendors today under SVANidhi scheme

New Delhi: Prime Minister Narendra Modi would distribute loans to nearly 300,000 street vendors today at 10.30 am under the PM SVANidhi Scheme (Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Yojana) via video conferencing.

Taking to Twitter PM Modi said, ''I will communicate with my brothers and sisters from Uttar Pradesh who sell goods on the street through video conferencing at 10.30 am tomorrow. You will get a chance to know about how the Prime Minister Swanidhi Yojana has given new strength to our comrades.''

 

। https://t.co/FEg9MHvb9A — Narendra Modi (@narendramodi) October 26, 2020

During the event PM will also interact with the beneficiaries, additional chief secretary, information, Navneet Sehgal said here on Saturday.

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Under PM SVANidhi scheme, street vendors can get working capital of up to Rs 10,000 at subsidised rates. 

PM Street Vendor`s AtmaNirbhar Nidhi (PM SVANidhi) scheme was launched on June 1 this year to help poor street vendors, impacted by coronavirus pandemic, resume livelihood activities.

The scheme is aimed at empowering individuals from marginalised sections and promoting the government`s agenda of building a self-reliant India.

More than 24 lakh applications have been received under the scheme, out of which more than 12 lakh have been sanctioned and about 5.35 lakh loans disbursed till now.