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Centre mulling PM SVANidhi's expansion by integration with banks

Under the scheme, the vendors can avail working capital loans of up to Rs 10,000 each, which is repayable in monthly instalments in one year

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Narendra Modi

Narendra Modi

The central government is planning to expand the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme through its integration with several banks, that may include those from the private sectors too.

As part of the plan, the Ministry of Housing and Urban Affairs officials have been directed to work on Prime Minister Narendra Modi's vision to integrate PM SVANidhi portal with various banks to ease and expedite the sanctioning of loans and the disbursement through the scheme.

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