Lok Sabha Question No. 969 (UNSTARRED), answered on 2024-02-08
Subject: PM SVANidhi Scheme in Maharashtra and Tamil Nadu
Ministry: HOUSING AND URBAN AFFAIRS
Asked by: Subhash Ramrao Bhamre, Kuldeep Rai Sharma, Supriya Sadanand Sule, Amol Ramsing Kolhe, DNV Senthilkumar. S.

## MINISTRY OF HOUSING AND URBAN AFFAIRS

## GOVERNMENT OF INDIA LOK SABHA

## UNSTARRED QUESTION NO.969 TO BE ANSWERED ON FEBRUARY 08, 2024

## PM SVANIDHI SCHEME IN MAHARASHTRA AND TAMIL NADU

NO. 969.   DR. SUBHASH RAMRAO BHAMRE:

SHRI KULDEEP RAI SHARMA:

SHRIMATI SUPRIYA SULE:

DR. AMOL RAMSING KOLHE:

DR. DNV SENTHILKUMAR S.:

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

- (a) the  number  of  beneficiaries  registered  in  Maharashtra  and  Tamil Nadu  under  PM  SVANidhi  Scheme  during  each  of  the  last  three years;
- (b) the  rate  of  interest  at  which  these  beneficiaries  are  getting  loan and  share  of  percentage  of  the  subsidy  to  be  borne  by  the Government and the beneficiaries;
- (c) the share of private sector banks in PM SVANidhi scheme since its inception;
- (d) whether the Government has been able to successfully implement Pradhan  Mantri  Street  Vendors  Atma  Nirbhar  Nidhi  Scheme  (PM SVANidhi) in the country and if so, the details thereof;
- (e) the challenges being faced by the Government while implementing
- the scheme;
- (f) whether the Government has taken steps to encourage participation of private banks and enhance their share in the total sanctions and disbursements in the scheme and if so, the details thereof; and
- (g) the  other  steps  taken  by  the  Government  to  increase  the  ecommerce among the street vendors?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF HOUSING AND URBAN AFFAIRS (SHRI KAUSHAL KISHORE)

(a): The details of number of beneficiaries registered in Maharashtra and Tamil Nadu under Pradhan Mantri Street Vendors AtmaNirbhar Nidhi (PM SVANidhi) Scheme in the last three years is at Annexure-I.

(b): Under  PM  SVANidhi  Scheme,  the  rate  of  interest  charged  by  the Lending  Institutions  is  as  per  the  extant  RBI  guidelines.  An  interest subsidy of 7% is paid by the Government of India on a quarterly basis, on timely repayment of EMIs.

(c): As on 02.02.2024, a total of 1.34 lakh loans have been disbursed by Private Sector Banks under PM SVANidhi Scheme. The share of Private Sector Banks in total loan disbursement under the scheme is 2%.

(d) & (e):   Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)  Scheme  was  launched  with  the  objective  of  facilitating collateral  free  working  capital  loan  to  street  vendors  to  restart  their businesses.  As  on  02.02.2024,  the  scheme  has  successfully  disbursed 79.26 lakh loans, amounting to ₹ 10,500 Cr., to 60.08 lakh street vendors.

(f): Ministry  of  Housing  &  Urban  Affairs  (MoHUA)  &  Department  of Financial Services (DFS) regularly conduct joint/separate review meetings with the Lending Institutions including private sector banks, to improve their performance under the Scheme.

(g): For  onboarding  of  street  vendors  on  e-commerce  platforms,  this Ministry  signed  an  MoU  with  Swiggy  and  Zomato.  Approximately  9,400 street food vendors had been onboarded on these e-commerce platforms.

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ANNEXURE-I  REFERRED  TO  IN  REPLY  TO  LOK  SABHA  UNSTARRED QUESTION NO. 969 TO BE ANSWERED ON FEBRUARY 08, 2024

DETAILS OF NUMBER OF BENEFICIARIES REGISTERED IN MAHARASHTRA AND TAMIL NADU UNDER PM SVANIDHI SCHEME IN THE LAST THREE YEARS

(As on 02.02.2024)

|   S. No. | State       | FY 2020-21   | FY 2021-22   | FY 2022-23   | FY 2023-24 (Till 02.02.2024)   | Total    |
|----------|-------------|--------------|--------------|--------------|--------------------------------|----------|
|        1 | MAHARASHTRA | 1,49,129     | 48,063       | 1,44,250     | 3,96,576                       | 7,38,018 |
|        2 | TAMIL NADU  | 87,712       | 74,747       | 17,705       | 1,84,452                       | 3,64,616 |

Data Source: PM SVANidhi Portal