Photo: NASVI
'PM SVANidihi' Scheme Registers More Than 20 Lakh Applicants
Under 'PM Street Vendor's Atmanirbhar Nidhi' (PM SVANidihi) scheme, the Centre has received over 20 lakh applications. Launched in June 2020, the scheme provides interest-free loans of Rs 10,000 for street vendors. However, data suggests only 2 lakh vendors have received funds due to slow implementation. The coordinator of National Association of Street Vendors of India said that though the scheme is useful, there is resistance in banks and municipal bodies.
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