The loans were approved in two-day fair under Svanidhi scheme
On the last day of the two-day loan fair for the street vendors in the Municipal Corporation of Dehradun (MCD) premises, only two loans were approved under the Prime Minister Street Vendor’s Atmanirbhar Nidhi (Svanidhi) Scheme. The number of approved loans decreased on the second day with an increase in the number of new applicants as compared to the first day. While 93 loans were approved by the banks on Wednesday, only two loans were approved on Thursday.
According to the officials, a total of 198 street vendors approached MCD to apply for the loan under the Svanidhi scheme that includes 96 vendors on Wednesday and 102 vendors on Thursday. The corporation also provided the letter of recommendations (LoRs) to 26 vendors on Thursday and uploaded 52 loan applications of the vendors in Svanidhi portal. The MCD has provided more than 1000 LoRs to street vendors in the last few months which were not registered as vendors under the corporation. On the last day of the fair, only eight banks were present in the campus which had pending applications of the vendors out of total 35 banks which are providing loans under Svanidhi scheme in Dehradun city, stated officials. It is pertinent to mention here that Svanidhi scheme is a Central Government’s scheme for which only those street vendors are eligible to get a working capital loan up to Rs 10,000 for local vendors.
Friday, 20 November 2020 | PNS | Dehradun
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