Under PM SVANidhi scheme, more than 2,300 street vendors will get the loan
Finance Minister Nirmala Sitharaman on Sunday said that under the PM SVANidhi scheme, there is no need to submit any documents as a guarantee because, under it, the guarantee has been given by Prime Minister Narendra Modi.
“More than 2,300 street vendors will get loans under the PM SVANidhi scheme. Under it, there is no need to submit any document as a guarantee because here the guarantee has been given by PM Modi himself,” she told a gathering in Rajasthan’s Kota, where she handed over more than 33,000 loan sanction letters to beneficiaries of various central government schemes in a credit outreach program.
Lok Sabha Speaker Om Birla was also present on the occasion.
PM SVANidhi scheme is a Central government scheme, which was initiated in 2020, for facilitating street vendors to access affordable working capital loans for resuming their livelihood activities, after the easing of the lockdown.
It facilitates working capital loans up to Rs.10,000 at the subsidized rate of interest.
Meanwhile, the Finance Minister, while interacting with students in Kota, during another event, said: “Ease of doing business is not just a Central government responsibility because business after all starts in the states. The Central government can bring in rules, meaningful regulations, remove many of the burdens and give it as a policy.”
Underlining a point on accessibility, she told students that they can meet the government “and will get an audience with the concerned officer or minister. The point is before you come, you should go through FAQs that the government puts out. If you still don’t get answers to your queries, you’re welcome to meet us”.
Lok Sabha Speaker Om Birla while speaking at the outreach program, congratulated the Finance Minister for encouraging the nation’s youth, women, and farmers to move forward on the path of self-reliance.
He further said India is the world’s fastest-growing economy and has become the fifth-largest economy in the world after overtaking the UK.
[With Inputs from IANS]
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