Facilitating Collateral free Working Capital Loans upto Rs 10,000 Under PM SVANidhi

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Consequent on the announcement of the Aatma Nirbhar Bharat Abhiyan package, Ministry of Housing and Urban Affairs has, on June 01, 2020, launched ‘Prime Minister Street Vendor’s AmtaNirbharNidhi Scheme (PM SVANidhi). It aims at facilitating collateral free working capital loans upto Rs 10,000 of 1 year tenure, to about 50 lakh street vendors across the country. It provides for incentives in the form of interest subsidy @ 7% per annum on regular repayment of loan and cash-back upto Rs. 1,200 per annum on undertaking prescribed digital transactions. Further, on timely or early repayment, the vendors will be eligible for the next cycle of working capital loan with an enhanced limit.For the purpose of scheme administration, an end-to-end solution through an IT platform has been developed in collaboration with Small Industries Development Bank of India. The loan processing under the Scheme has commenced on July 02, 2020.

State / Union Territory-wise number of loan applications received, sanctioned and disbursed,as on 14th September, 2020, is at Annexure.                  

This was informed by Minister of State (I/C) for Housing and Urban Affairs Shri Hardeep Singh Puri in a written reply in the Rajya Sabha today.

ANNEXURE

STATE-WISE DETAILS OF APPLICATIONS RECEIVED AND LOAN SANCTIONED UNDER PM SVANIDHI (AS ON 14-09-2020)

 

State/UT

No. Of applications received

No. Of Loans sanctioned

No. Of Loans disbursed

1

Andaman & Nicobar Islands

121

83

15

2

Andhra Pradesh

63076

17327

1728

3

Arunachal Pradesh

705

311

95

4

Assam

2822

208

12

5

Bihar

22166

4515

199

6

Chandigarh

504

264

102

7

Chattisgarh

7546

1955

660

8

D&NH and DD

763

259

53

9

Delhi

7920

990

74

10

Goa

316

152

10

11

Gujarat

90718

38410

1668

12

Haryana

16057

4559

337

13

Himachal Pradesh

1014

528

120

14

Jammu & Kashmir

536

28

2

15

Jharkhand

15833

7062

1104

16

Karnataka

37216

9788

1151

17

Kerala

7648

3593

1170

18

Ladakh

3

0

0

19

Madhya Pradesh

268942

160490

85004

20

Maharashtra

83301

15305

1345

21

Manipur

2596

501

85

22

Meghalaya

25

1

0

23

Mizoram

348

172

22

24

Nagaland

39

4

0

25

Odisha

21085

4750

622

26

Puducherry

937

78

6

27

Punjab

5034

1310

45

28

Rajasthan

28334

6773

499

29

Sikkim

4

0

0

30

Tamil Nadu

36069

11272

1488

31

Telangana

216070

73249

4575

32

Tripura

1195

120

16

33

Uttarakhand

2887

844

104

34

Uttar Pradesh

216532

41757

2048

35

West Bengal

1401

177

3

TOTAL

1159763

406835

102616

 

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