Poket News

More than 15 lakh loan applications received so far under PM SVANidhi scheme


  • Union Govt has said that more than 15 lakh loan applications have been received so far under the PM Street Vendor’s Atmanirbhar Nidhi Scheme.
  • The Ministry of Housing and Urban Affairs in a statement said, out of these, more than 5.5 lakh loans have been sanctioned and about 2 lakh loans disbursed.  
  • The Ministry is implementing the PM SVANidhi Scheme to facilitate collateral-free working capital loan to 50 lakh street vendors to restart their businesses post-COVID-19 lockdowns.