Approved Outlay for PM Svanidhi Scheme Rs.600.00 Crores

Facilitating Collateral Free Working Capital Loans Upto Rs 10,000

Ministry of Housing and Urban Affairs has, on June 01, 2020, launched Prime Minister Street Vendor’s Amta Nirbhar Nidhi 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 also provides for incentives in the form of interest subsidy @ 7% per annum on regular repayment of loan and cash-back upto Rs. 100 per month 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 (SIDBI). The loan processing under the Scheme has commenced on July 02, 2020.

The approved outlay for PM SVANidhi scheme is Rs.600.00 crores. A statement giving State/Union Territories wise details of loan amount disbursed by the Lending Institutions up to September 17, 2020 is annexed.

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 LOAN AMOUNT DISBURSED UNDER PM SVANidhi  SCHEME AS ON 17-09-2020
S.No.	State/UT	Disbursed amount (Rupees in crore)
1	Andaman & Nicobar Islands	0.027
2	Andhra Pradesh	2.417
3	Arunachal Pradesh	0.194
4	Assam	0.014
5	Bihar	0.391
6	Chandigarh	0.138
7	Chhattisgarh	0.857
8	D&NH and DD	0.064
9	Delhi	0.077
10	Goa	0.015
11	Gujarat	2.179
12	Haryana	0.615
13	Himachal Pradesh	0.149
14	Jammu & Kashmir	0.016
15	Jharkhand	1.420
16	Karnataka	1.209
17	Kerala	1.304
18	Laddakh	0.000
19	Madhya Pradesh	92.613
20	Maharashtra	2.687
21	Manipur	0.170
22	Meghalaya	0.000
23	Mizoram	0.028
24	Nagaland	0.000
25	Odisha	0.690
26	Puducherry	0.007
27	Punjab	0.083
28	Rajasthan	0.620
29	Sikkim	0.000
30	Tamil Nadu	1.983
31	Telangana	6.865
32	Tripura	0.031
33	Uttar Pradesh	3.622
34	Uttarakhand	0.118
35	West Bengal	0.003
TOTAL		120.606

 

Courtesy: pib.gov.in