PM Modi to interact with SVANidhi scheme beneficiaries

In an attempt to help poor street vendors, Prime Minister Narendra Modi will interact with beneficiaries of SVANidhi scheme via video conference in the presence of Uttar Pradesh Chief Minister Yogi Adityanath.

New Delhi: Prime Minister Narendra Modi will interact with beneficiaries of 'PM SVANidhi scheme', which was launched in June to help poor street vendors hit by COVID-19 pandemic, from Uttar Pradesh on Tuesday via video conferencing.

The PM Street Vendor's Atmanirbhar Nidhi (PM SVANidhi) scheme was launched on June 1 to help street vendors resume their livelihood activities. Till date, a total of more than 24 lakh applications have been received under the scheme, out of which, more than 12 lakh have been sanctioned and about 5.35 lakh loans disbursed, the Prime Minister's Office said in a statement on Sunday.

In Uttar Pradesh, more than 6 lakh applications have been filed, out of which, about 3.27 lakh have been sanctioned and 1.87 lakh loans disbursed, it said. The PM's interaction will be witnessed by beneficiaries of the scheme from across the state. Uttar Pradesh Chief Minister Yogi Adityanath will also be present during the exercise, it added.

Earlier, PM Modi had said that efforts are being made to provide an online delivery platform to street food vendors on the lines of big restaurants. The Union government had launched the PM SVANidhi scheme on June 1 to help poor street vendors impacted by the COVID-19 pandemic resume livelihood activities.

The scheme was launched with easy rules so that they can get rid of paying interest on loans which they used to take from private lenders.

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PTI