The
Centre has said that over 27 lakh 33 thousand applications have been
received under Pradhan Mantri Street Vendor’s Atma-Nirbhar Nidhi- PM-
SVANidhi Scheme.
Out of the entire applications received, over 14 lakh and 34 thousand are sanctioned and about 7.88 lakh loans disbursed.
Ministry of Housing and concrete Affairs during a statement said that vendors who had left for his or her native places thanks to
Covid-19 lockdown are eligible for the loan. It said, the provision of
loans has become hassle-free as one can upload the application online on
their own at any common service centre or Municipal office or by going
to a bank. Banks are reaching the doorsteps of individuals to supply
loans for helping them start their ventures. The Ministry said that
Prime Minister Narendra Modi has appreciated the hard-work done by the
bank staff, saying that there was a time when street vendors didn't go inside the bank but today the bank is going to their home.
In
order to ensure fast implementation of the scheme with transparency,
accountability and consistency, a digital platform with web portal and
mobile app has been developed to administer the scheme with end-to-end
solution. It said, Urban Local Bodies are playing pivotal role in the
implementation of the scheme.
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