UP govt secures first rank in disbursing loans under PM Swanidhi Scheme

Uttar Pradesh government has secured the first rank in central government’s one of the most ambitious schemes – the PM Atmanirbhar Nidhi Scheme (SVANidhi Scheme) by approving the highest number of loans under the scheme in the country.  Prime Minister Narendra Modi will distribute loans to around 3 lakh beneficiaries and will interact with a few of them tomorrow via video conferencing. Chief Minister Yogi Adityanath will also be present on the occasion.

State has ranked first in all the categories – Applications, Sanctions and Disbursements of the loans under the scheme.  As many as 6,22,167 applications were received under the scheme in the state which is highest in the country, out of which sanctions were given to 3,46,150 applicants while the loans were disbursed to 2,26,728 beneficiaries.

Seven cities of the state also find place in the list of top 10 cities of the country. Varanasi, Lucknow and Aligarh are the top three cities in the list even as other cities of the state include Allahabad, Gorakhpur, Ghaziabad and Kanpur. The scheme was launched on June 1, 2020, by the Central Government to help the street vendors resume their livelihood activities that were impacted by COVID-19. 

It aims at facilitating working capital loan up to Rs. 10,000 at a subsidised rate of interest. The scheme aims at providing benefits to street vendors or hawkers in urban, pre-urban and rural areas.

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