Wednesday, March 22, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News India

More than 15 Lakh loan applications received under PM SVANidhi scheme

by Janam Web Desk
Sep 24, 2020, 05:30 pm IST
in India

New Delhi: More than 15 lakh loan applications have been received so far under the PM Street Vendor’s AtmaNirbhar Nidhi(PM SVANidhi) Scheme. Out of these, more than 5.5 lakh loans have been sanctioned and about 2 lakh loans disbursed.  The Ministry of Housing & Urban Affairs is implementing PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme to facilitate collateral free working capital loan to 50 lakh street vendors to restart their businesses post COVID-19 lockdowns.

In order to expedite the loan sanctioning process and provide ease of operation to the lenders, it has been decided to push the applications directly to the bank branches, which have been indicated by the Vendor as ‘Preferred Lender’ OR where the Vendor holds a savings bank account in case ‘Preferred Lender’ is not indicated. This process is expected to give boost to the number of loans sanctioned and cut down the time for loan disbursal drastically.

A software has been developed to facilitate the above mentioned process, which was made operational on September 11, 2020. Approximately 3 lakh applications would be pushed to the banks using this software. Henceforth, the applications would be pushed to the Preferred lenders on a daily basis and for those where no Preferred Lender is indicated, on a weekly basis.

These measures are expected to accelerate the implementation of PM SVANidhi Scheme by the Lending Institutions in making the street vendors access the benefits of the Scheme and to become Aatma Nirbhar.

Tags: MAINFEATURED
ShareTweetSendShare

Related News

PM pays tributes to martyrs of Pulwama
News

PM pays tributes to martyrs of Pulwama

PM bows to Mahatma Gandhi on his Punya Tithi
News

PM bows to Mahatma Gandhi on his Punya Tithi

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival
News

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival

Latest News

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Vice President calls upon youth to practise and follow Fundamental Duties

Vice President calls upon youth to practise and follow Fundamental Duties

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets citizens on Republic Day

President of India graces the inauguration of 18th National Jamboree of the Bharat Scouts and Guides in Rajasthan

President of India to confer the Pradhan Mantri Rashtriya Bal Puraskar 2023 tomorrow

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets people of Meghalaya on their Statehood Day

PM congratulates RRR team on winning Golden Globe Award for Best Original Song ‘Naatu Naatu’

PM lays foundation stone and dedicates various developmental projects in Kodekal, Karnataka

Amit Shah greets NDRF on its 18th Raising Day

Amit Shah greets NDRF on its 18th Raising Day

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited