The PM SVANidhi scheme provides street vendors working capital loans.  

The Union Housing and Urban Affairs Ministry on Wednesday said over 5 lakh applications had been received under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme for street vendors since it started on July 2 and 1 lakh loans had been sanctioned already.

Economic relief package

The scheme, which was a part of the government’s economic relief package announced in the wake of the COVID-19 pandemic, gives street vendors working capital loans of up to Rs. 10,000 to be paid back in one year.

The MoHUA statement said the scheme was meant to benefit 50 lakh street vendors across the country resume work after the lockdown.

Subscribe to The Hindu digital to get unlimited access to Today's paper

Already have an account ? Sign in

Start your 14 days free trial. Sign Up

Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.

Enjoy reading as many articles as you wish without any limitations.

A select list of articles that match your interests and tastes.

Move smoothly between articles as our pages load instantly.

A one-stop-shop for seeing the latest updates, and managing your preferences.

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

You can support quality journalism by turning off ad blocker or purchase a subscription for unlimited access to The Hindu.

Sign up for a 30 day free trial.