PM Narendra Modi reviews the implementation of micro credit scheme for street vendors

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) aims at facilitating a collateral free working capital loan of up to Rs 10,000 of one-year tenure, to help street vendors resume their businesses post lockdown. The review meet was informed that over 2.6 lakh applications have been received, over 64,000 have been sanctioned and over 5,500 have been disbursed.