Street Vendors Loan

The Centre has disbursed 27.06 lakh loans amounting to Rs 2,714 crore under PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi Scheme) so far.

The Delhi High Court Tuesday dismissed a public interest litigation (PIL) seeking grant of loan under the Prime Minister Street Vendor's Atma Nirbhar Nidhi scheme, and said a party cannot claim a "compulsory loan" in the absence of any application.

Between July and December 2020, out of 32 lakh applications received by banks for loans, private sector banks had got only 1.5 lakh applications.

While several state-owned banks have high interest rates for beneficiaries under SVANidhi scheme, many of them seek credit ratings of beneficiaries.

Sanitary workers of a local civic body in Madhya Pradesh dumped garbage outside some banks in Raisen district over alleged delay in disbursal of loans to street vendors, officials said today.

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has launched the PM Street Vendors AtmaNirbhar Nidhi (PM SVANidhi) scheme, meant for extending collateral-free loans up to Rs 10,000 each to street vendors, but named it after himself, drawing flak from the BJP.

Bankers have been warned of penalties if targets are not met, said two sources who spoke on condition of anonymity.

Under the PM SVANidhi scheme, street vendors can avail a working capital loan of up to Rs 10,000

The Delhi government will provide loans up to Rs 20,000 to street vendors in the city, officials said on Monday.

Prime Minister Narendra Modi on Saturday reviewed the implementation of a special micro-credit facility for street vendors, stressing that it should not be seen from the perspective of extending loans to them but as part of an outreach for their holistic development and economic uplift.

Union Housing and Urban Affairs Ministry in a statement said the ''Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi'' is likely to benefit 50 lakh.

50 lakh street vendors will be able to avail Rs 10,000 loan from Rs 5,000 crore special credit facility once the lockdown is lifted, Ms Sitharaman said.

Union finance minister Nirmala Sitharaman today unveiled the second tranche of Centre's Rs 20 lakh crore fiscal stimulus, which attempts to address the question of food, shelter and livelihood for migrant workers, street vendors and small farmers. The immediate relief measure announced was extra grain. A universal, portable ration card which can be...

The Centre has disbursed 27.06 lakh loans amounting to Rs 2,714 crore under PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi Scheme) so far.

The Delhi High Court Tuesday dismissed a public interest litigation (PIL) seeking grant of loan under the Prime Minister Street Vendor's Atma Nirbhar Nidhi scheme, and said a party cannot claim a "compulsory loan" in the absence of any application.

Between July and December 2020, out of 32 lakh applications received by banks for loans, private sector banks had got only 1.5 lakh applications.

While several state-owned banks have high interest rates for beneficiaries under SVANidhi scheme, many of them seek credit ratings of beneficiaries.

Sanitary workers of a local civic body in Madhya Pradesh dumped garbage outside some banks in Raisen district over alleged delay in disbursal of loans to street vendors, officials said today.

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has launched the PM Street Vendors AtmaNirbhar Nidhi (PM SVANidhi) scheme, meant for extending collateral-free loans up to Rs 10,000 each to street vendors, but named it after himself, drawing flak from the BJP.

Bankers have been warned of penalties if targets are not met, said two sources who spoke on condition of anonymity.

Under the PM SVANidhi scheme, street vendors can avail a working capital loan of up to Rs 10,000

The Delhi government will provide loans up to Rs 20,000 to street vendors in the city, officials said on Monday.

Prime Minister Narendra Modi on Saturday reviewed the implementation of a special micro-credit facility for street vendors, stressing that it should not be seen from the perspective of extending loans to them but as part of an outreach for their holistic development and economic uplift.

Union Housing and Urban Affairs Ministry in a statement said the ''Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi'' is likely to benefit 50 lakh.

50 lakh street vendors will be able to avail Rs 10,000 loan from Rs 5,000 crore special credit facility once the lockdown is lifted, Ms Sitharaman said.

Union finance minister Nirmala Sitharaman today unveiled the second tranche of Centre's Rs 20 lakh crore fiscal stimulus, which attempts to address the question of food, shelter and livelihood for migrant workers, street vendors and small farmers. The immediate relief measure announced was extra grain. A universal, portable ration card which can be...