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Street vendors earn more, go digital under PM-SVANidhi
The PM-SVANidhi scheme has significantly boosted street vendor incomes by 20%. Digital transactions by vendors have nearly doubled, reaching over 83%. The scheme provides collateral-free loans, with 1.05 crore loans disbursed. Defaults are low, and many vendors are now accessing loans from other banks, building a permanent credit history. The scheme aims to disburse 1.5 crore loans.
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thehindubusinessline.com
Over ₹17,800 crore disbursed in loans to street vendors under PM SVANidhi in six years
More than 1.12 crore collateral-free loans worth over ₹17,800 crore have been disbursed under the PM SVANidhi scheme since its launch in June 2020, emerging as a key driver of…
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economictimes.indiatimes.com
Street vendors earn more, go digital under PM-SVANidhi
The PM-SVANidhi scheme has significantly boosted street vendor incomes by 20%. Digital transactions by vendors have nearly doubled, reaching over 83%. The scheme provides…
