Union Minister Hardeep Singh Puri launches SVANidhi Mahotsav
Tags: National News
The Svanidhi Mahotsav, which runs from July 9 to 31, is being organised by the Ministry of Housing and Urban Affairs.
Important facts
Housing and Urban Affairs Minister Hardeep Singh Puri inaugurated the Svanidhi Festival.
Svanidhi Mahotsav is a cultural festival being celebrated to commemorate the success of PM Svanidhi Yojana.
It is being conducted in 75 cities across 33 states and union territories.
Digital transaction training, loan fair and cultural activities will be organised during the festival.
Street plays will also be organised to share the benefits, features and experiences of street vendors during this time.
About PM Svanidhi Yojana
PM Svanidhi Yojana was launched on June 1, 2020.
This scheme was started with the aim of providing financial support to small shopkeepers and hawkers.
Under the PM Svanidhi Yojana, people who sell goods on the street tracks or do other small jobs can take a loan of up to ₹ 10,000 from the bank.
After repaying the loan taken in the first instance, the beneficiary can get a loan of up to ₹ 20,000 in the second time and up to ₹ 50,000 in the third time.
The tenure of the Svanidhi scheme was earlier till March 2022, but the government has extended the deadline of the Svanidhi scheme till December 2024.
So far 53.7 lakh applications have been received under this scheme, out of which 36.6 lakh applications have been approved and 33.2 lakh loans have been disbursed.
An amount of Rs 3,592 crore has been disbursed under the scheme so far.
Please Rate this article, so that we can improve the quality for you -