‘Over Rs 13K cr disbursed under PM SVANidhi scheme’, RS told

New Delhi: The Union Housing and Urban Affairs Ministry has disbursed 94.31 lakh loans amounting to a total of Rs 13,422 crore to street vendors under the PM SVANidhi scheme till December 8, Rajya Sabha was informed on Monday. In a written reply to a question, Minister of State for Housing and Urban Affairs Tokhan Sahu said that out of 94.31 lakh loans, 40.36 lakh loans have been repaid by street vendor beneficiaries.

The micro-credit scheme for urban street vendors, which provides collateral-free loans up to Rs 50,000, was launched by the Narendra Modi government in 2020 during the Covid.

The minister said that no fraud-related complaints have been received against the agencies or companies disbursing loans under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (SVANidhi) scheme.

“As on 08.12.2024, 94.31 lakh loans have been disbursed amounting to Rs 13,422.16 crore under the PM SVANidhi scheme. Out of 94.31 loans, 40.36 lakh loans have been repaid,” he said.