60% of PM SVANidhi scheme funds utilized by March 31, with over 84.51 lakh loans extended.
60% of the funds allocated to India's PM SVANidhi scheme have been utilized by March 31, according to an RTI response. Launched in June 2020, the Prime Minister Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi) has extended over 84.51 lakh loans as of April 23, with the fruits and vegetable sector having the highest loan uptake. The scheme offers collateral-free working capital loans to street vendors.
April 24, 2024
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