PM Modi interacts with SVANidhi beneficiaries from Uttar Pradesh

Under the SVAnidhi scheme around 7 lakh street vendors have been identified in the state and more than 6 lakh 40 thousand have applied for loan . State government has approved loan of around 3.62 lakh vendors out of which around 3 lakh vendors are getting the money today.

Avatar Written by October 27, 2020 10:52

New Delhi: Prime Minister Narendra Modi interacted with SVANidhi beneficiaries from Uttar Pradesh via video conferencing.

Uttar Pradesh chief minister Yogi Adityanath, minister for urban development Ashutosh Tandon and minister of state for urban development Mahesh Chandra Gupta virtually attended the programme.

“While interacting with the beneficiaries of the PM SVANidhi scheme, I realised that they are happy but surprised at the same time. Earlier, people used to visit banks multiple times in order to avail the loans. Poor people couldn’t imagine stepping inside the bank but today people are easily getting a loan to start their work,” said PM Modi.

“While interacting with the beneficiaries, I noticed that Preeti (beneficiary) who is very less educated is learning advanced technology with confidence and is working to take her business on a large scale. These people are the strength of our country who help in taking the country ahead,” he added.

It’s an important day for ‘Atmanirbhar Bharat’. Centre worked in the direction of helping the poor by launching ‘Garib Kalyan Yojana’ worth Rs 1 lakh 70,000 crores, he added.

“An economic package of Rs 20 lakh crores was also introduced while giving priority to the welfare of poor people. Our street vendors are becoming Atmanirbhar and moving ahead,” said PM Modi.

About SVANidhi scheme

The SVANidhi scheme was launched on June 1, 2020, by the Central government to help street vendors and hawkers resume their work, which had been impacted by the spread of Covid-19 and the ensuing nationwide lockdown.

The scheme aims to facilitate working capital loans up to Rs 10,000 at a subsidised rate of interest, incentivising regular repayment of the loans and rewarding digital transactions. The scheme aims at providing benefits to street vendors or hawkers in urban, pre-urban and rural areas.