SME Times News Bureau | 06 Dec, 2021
As on November 25, 2021, the
total number of beneficiaries who have availed the working capital loan under
Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme is
26,37,266.
This information was given by the Minister of State in the
Ministry of Housing and Urban Affairs, Shri Kaushal Kishore, in a written reply
in the Rajya Sabha on Monday.
As on November 25, 2021, the
number of loans that have been sanctioned but not yet disbursed is 3,21,504.
The number of accounts, where
delay between loans sanctioned and loan disbursed is more than three months is
2,46,238.
The gap is due to a number of
reasons, including lack of coordination between the Lending Institutions &
the Urban Local Bodies, frequent change of mobile numbers by the Street Vendors
and Street Vendors not visiting the bank branches for documentation
formalities.
Ministry regularly conducts
review meeting with the Lending Institutions and the States/ULBs to streamline
the process and expedite disbursement of sanctioned loans.
