FM Nirmala Sitharaman on Atmanirbhar Bharat Abhiyaan applications on PM SVANidhi loan

Finance Minister Nirmala Sitharaman gives a breakdown of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme launched by Ministry of Housing & Urban Affairs to empower Street Vendors extending loan offers to them, aiming for their overall holistic development and economic upliftment. 26.62 lakh loan applications have been received as per a report and 13.78 lakhs loan totaling 1373.33 crores will be sanctioned in 30 states and 6 union territories. The scheme aims to facilitate collateral free working capital loans of up to INR10,000/- of one-year tenure, to help street vendors across the country resume their businesses in the urban areas.