Summary:

As of December 8, 2024, the Union Ministry of Housing and Urban Affairs has disbursed 94.31 lakh loans totaling US$ 1.58 billion (Rs. 13,422 crore) under the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme. Launched in 2020, the scheme offers collateral-free loans of up to $589.21 (Rs. 50,000). Beneficiaries have repaid 40.36 lakh loans, and no fraudrelated complaints have been reported.

Loans are distributed across states based on size: major states, hilly and northeastern states, small states, and union territories. Each state is assigned a disbursement target, and performance is evaluated and ranked. In July 2024, Madhya Pradesh ranked first in the 'Best Performing State' category, while Assam ranked second for the 'Best Performing State - Innovation and Best Practices' award.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.