: 22.7 lakh loans amounting to Rs 2,243 cr have been disbursed to street vendors under SVANIDHI scheme: Govt #FinanceIndia #StockMarketNEWS 22. 7 lakh loans amounting to Rs 2,243 cr have been disbursed

@StockMarketNEWS Sat 07 Aug, 2021

Posted in: #FinanceIndia #StockMarketNEWS

22.7 lakh loans amounting to Rs 2,243 cr have been disbursed to street vendors under SVANIDHI scheme: Govt #FinanceIndia #StockMarketNEWS
22. 7 lakh loans amounting to Rs 2,243 cr have been disbursed to street vendors under SVANIDHI scheme: Govt New Delhi, Jul 30 (KNN) Minister of State in the Ministry of Housing and Urban Affairs, Kaushal Kishore has informed the parliament that 22. 7 lakh loans amounting to Rs 2,243 crore have been disbursed to street vendors under SVANIDHI scheme.

As on July 26, 2021, 43. 1 lakh loan applications have been received, out of these 25. 2 lakh loans have been sanctioned and 22. 7 lakh loans amounting to Rs 2,243 crore have been disbursed. In addition, Socio-economic profiling of 5. 1 lakh beneficiaries along with their family members has been completed and 1. 5 lakh scheme benefits have been extended, he said in a written reply to the Lok Sabha on Thursday.

The Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014 is implemented by respective States/ Union Territories (UTs) by framing their respective Rules, Scheme, Bye-laws and Plan for Street Vending. So far, Rules under the Act have been notified by all the States/ UTs. Scheme has been notified by all the States/ UTs except Lakshadweep and Ladakh. Meghalaya has its own Street Vendors Act, 2014.

Ministry of Housing and Urban Affairs is implementing Pradhan Mantri Street Vendors’ Atma Nirbhar Nidhi Scheme (PM SVANidhi) since June 01, 2020 to facilitate working capital loan of upto Rs 10,000 of 1 year tenure to Street Vendors, vending in urban areas, to resume their businesses, adversely impacted by the pandemic. On prepayment or repayment, they are eligible for an enhanced working capital loan of upto Rs 20,000 and Rs 50,000 in the second and third tranches respectively.

In addition, ‘SVANidhi se Samriddhi’ initiative, designed to build a safety net for the beneficiaries’ families by linking them to existing socio-economic welfare schemes of the Government of India. It was launched in January 2021 for 125 select cities.

Street Vendors engaged in vending in urban areas as on or before March 24, 2020 are eligible for benefit under PM SVANidhi Scheme. The eligible vendors are identified as per following criteria: Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs); The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card; Street Vendors, left out of the ULB led identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC); and The vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC.

Stock Market News & Best Intraday tips & Stocks near support

Report