Rs 13,422 crore disbursed to street vendors under PM SVANidhi scheme, Rajya Sabha told

NEW DELHI: The Union Housing and Urban Affairs Ministry has disbursed 94.31 lakh loans amounting to a total of Rs 13,422 crore to street vendors under the PM SVANidhi scheme till December 8, Rajya Sabha was informed on Monday.

In a written reply to a question, Minister of State for Housing and Urban Affairs Tokhan Sahu said that out of 94.31 lakh loans, 40.36 lakh loans have been repaid by street vendor beneficiaries.

The micro-credit scheme for urban street vendors, which provides collateral-free loans up to Rs 50,000, was launched by the Narendra Modi government in 2020 during the COVID-19 outbreak.