Ministry of Housing and Urban Affairs has launched ‘Prime Minister Street Vendor’s AmtaNirbharNidhi Scheme (PM SVANidhi).
It aims at facilitating collateral free working capital loans upto Rs 10,000 of 1 year tenure, to street vendors across the country.
It provides for incentives in the form of interest subsidy @ 7% per annum on regular repayment of loan and cash-back upto Rs. 1,200 per annum on undertaking prescribed digital transactions.
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