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Street vendors loan scheme has PM Modi's guarantee: Sitharaman
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IANS | 09 Jan, 2023
Finance Minister Nirmala Sitharaman on Sunday said that under the PM
SVANidhi scheme, there is no need to submit any documents as guarantee
because under it, the guarantee has been given by Prime Minister
Narendra Modi.
"More than 2,300 street vendors will get
loan under PM SVANidhi scheme. Under it, there is no need to submit any
document as 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 programme.
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 loan for resuming their livelihoods activities, after easing of
lockdown.
It facilitate working capital loan up to Rs 10,000 at subsidised 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. 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 concerned officer or minister.
The point is before you come, you should go through FAQs which 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 programme, congratulated the Finance Minister
for encouraging the nation's youth, women, 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 UK.
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