Facilitating Collateral free Working Capital Loans upto Rs 10,000 Under PM SVANidhi

Consequent on the announcement of the Aatma Nirbhar Bharat Abhiyan package, Ministry of Housing and Urban Affairs has, on June 01, 2020, launched ‘Prime Minister Street Vendor’s AmtaNirbharNidhi 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 provides for incentives in the form of interest subsidy @ 7% per annum on regular repayment of loan and cash-back upto Rs. 1,200 per annum 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. The loan processing under the Scheme has commenced on July 02, 2020.

State / Union Territory-wise number of loan applications received, sanctioned and disbursed,as on 14^th September, 2020, is at Annexure.

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 APPLICATIONS RECEIVED AND LOAN SANCTIONED UNDER PM SVANIDHI (AS ON 14-09-2020)
	State/UT	No. Of applications received	No. Of Loans sanctioned	No. Of Loans disbursed
1	Andaman & Nicobar Islands	121	83	15
2	Andhra Pradesh	63076	17327	1728
3	Arunachal Pradesh	705	311	95
4	Assam	2822	208	12
5	Bihar	22166	4515	199
6	Chandigarh	504	264	102
7	Chattisgarh	7546	1955	660
8	D&NH and DD	763	259	53
9	Delhi	7920	990	74
10	Goa	316	152	10
11	Gujarat	90718	38410	1668
12	Haryana	16057	4559	337
13	Himachal Pradesh	1014	528	120
14	Jammu & Kashmir	536	28	2
15	Jharkhand	15833	7062	1104
16	Karnataka	37216	9788	1151
17	Kerala	7648	3593	1170
18	Ladakh	3	0	0
19	Madhya Pradesh	268942	160490	85004
20	Maharashtra	83301	15305	1345
21	Manipur	2596	501	85
22	Meghalaya	25	1	0
23	Mizoram	348	172	22
24	Nagaland	39	4	0
25	Odisha	21085	4750	622
26	Puducherry	937	78	6
27	Punjab	5034	1310	45
28	Rajasthan	28334	6773	499
29	Sikkim	4	0	0
30	Tamil Nadu	36069	11272	1488
31	Telangana	216070	73249	4575
32	Tripura	1195	120	16
33	Uttarakhand	2887	844	104
34	Uttar Pradesh	216532	41757	2048
35	West Bengal	1401	177	3
TOTAL		1159763	406835	102616