Lok Sabha Question No. 3809 (UNSTARRED), answered on 2021-03-18
Subject: PM SVANidhi Scheme
Ministry: HOUSING AND URBAN AFFAIRS
Asked by: D.K. Suresh

## GOVERNMENT OF INDIA

## MINISTRY OF HOUSING AND URBAN AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO. 3809

TO BE ANSWERED ON MARCH 18, 2021

## PM SVANIDHI SCHEME

No. 3809.  SHRI D.K. SURESH:

Will  the  Minister  of  HOUSING  AND  URBAN  AFFAIRS  be  pleased  to state:-

- a) Whether the Government introduced a scheme called the
2. Pradhan Mantri Street Vendors Atmanirbhar Nidhi (PM SVANidhi);
3. b)
4. c)
5. if so, the details thereof including the objectives of the scheme;
6. the funds allocated for the said scheme in the current budget;
- d) whether the Government has put in place a better mechanism to ensure that the beneficiaries are benefitted by the said scheme; and
8. e)
9. If so, the details thereof?

## ANSWER

THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE

MINISTRY OF HOUSING AND URBAN AFFAIRS

## (SHRI HARDEEP SINGH PURI)

- (a) & (b): Yes  Sir.  Ministry  of  Housing  and  Urban  Affairs  has, on June  01,  2020,  launched  Prime  Minister  Street  Vendor's  Amta Nirbhar Nidhi Scheme (PM SVANidhi). It aims at facilitating collateral free working capital loanupto ₹ 10,000 of 1 year tenure, to about 50 lakh street vendors across the  country  whose  businesses  had  been adversely affected due to lockdown. It provides for incentives in the form of interest subsidy @ 7% per annum on regular repayment of loan and cash-back upto ₹ 100 per month on undertaking prescribed digital transactions.  Further,  on  timely  or  early  repayment,  the  vendors  are eligible for enhanced working capital loan during the next cycle. The Cont..2/-

loan processing under the Scheme has commenced on July 02, 2020. So far, 39.91 lakh applications have been received. Out of these, 23.24 lakh  loans  have  been  sanctioned  and  18.54  lakh  loans  have  been disbursed.

(c): The allocated budget for 2020-21 is ₹142.24 crore.

(d)&(e): As  per  the  Street  Vendors  (Protection  of  Livelihood  and Regulation  of  Street  Vending)  Act,  2014,  the  Urban  Local  Bodies (ULBs)  have  to  conduct  a  survey  for  identification  of  the  Street Vendors  and  issue  Certificate  of  Vending  (CoVs)  and  Identity  (ID) Cards.  All  street  vendors  who  have  been  issued  CoVs/  ID  cards  and who  were  vending  on  or  before  March  24,  2020  are  eligible  for  the benefits under PM SVANidhi Scheme.

In addition, the vendors, from the surrounding development/ peri- urban/  rural  areas,  vending  in  urban  areas,  including  thosewho  have been  left  out  of  the  ULB  led  survey  or  who  started  vending  after completion of the survey, are issued Letter of Recommendation (LoR) by the ULBs for the purpose of availing the benefits under the Scheme.

Also,  for  seamless  administration  of  the  scheme,  an  end-to-end solution  through an  IT  portal  and  dashboard  have been  developed  in collaboration with Small Industries Development Bank of India (SIDBI).

Further, the cashback and interest subsidy amounts are directly credited to the bank accounts of the beneficiaries through the PAiSA (Portal for Affordable credit and Interest Subvention Access) maintained by Indian Bank.

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