Pradhan Mantri SVANIDHI scheme

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What is the Pradhan Mantri SVANIDHI Scheme?

Pradhan Mantri SVANIDHI scheme is helping street vendors and small traders to become self-reliant. Union Minister Dharmendra Pradhan said that. Minister Pradhan also said that more than 1 lakh loan has been sanctioned under this scheme. Since this scheme launch in July 2020.
They also said Odisha has been among the top 10 States. These states took benefit from the PM SVANidhi scheme. He added that collateral-free loans up to Rs 10,000. They have been provided to street vendors in Sambalpur, Cuttack, Berhampur, Baleshwar, and other towns of Odisha.

Objectives of Pradhan Mantri SVANIDHI Scheme:

(i) To facilitate working capital loan up to 10,000
(ii) To incentivize regular repayment.
(iii) To reward digital transactions.

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