Minister of State for Housing & Urban Affairs, Shri Kaushal Kishore has informed that The Ministry of Housing and Urban Affairs (MoHUA) is implementing Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme since June 01, 2020 to facilitate provision of collateral free working capital loan to street vendors to restart their businesses, which were adversely impacted during the Covid-19 pandemic. The salient features of the Scheme are:
- Facilitate provision of collateral free working capital loan up to ₹10,000 of 1-year tenure; enhanced loan of ₹20,000 and ₹50,000 in the second and third tranches respectively, on repayment of earlier loans.
- Incentivize regular repayment, through interest subsidy @ 7% per annum; and
- Reward digital transactions, by way of cash back up to ₹1,200 per year.
As on March 24, 2022, the number of beneficiaries under the PM SVANidhi Scheme are 29.1 lakh and a credit of ₹3,170 crore has been disbursed. The State/UT-wise, Year-wise details including for Maharashtra and Bihar are at Annexure-I.
PM SVANidhi Scheme has achieved its objective of facilitating loans to the Street Vendors to restart their business. As on March 24, 2022, 30.5 lakh loans which include 1st as well as 2nd tranche loans, have been disbursed.
As on March 24, 2022, Private Sector Banks have disbursed 61,358loans, which account for just 2% out of total of 30.5 lakh loans disbursed. The private bank-wise performance is at Annexure-II.
The Ministry of Housing and Urban Affairs (MoHUA) & Department of Financial Services (DFS) regularly conduct review meetings with the Lending Institutions (LIs) including private sector banks, to improve their performance. From FY 2020-21 to FY 2021-22, the percentage share in loans sanctioned by Private Sector Banks has increased from 1.9% to 11.6% while percentage of share in disbursements has increased from 1.7% to 2.5%.
The Ministry has signed an MoU with Small Industries Development Bank of India (SIDBI) for implementation of PM SVANidhi Scheme. SIDBI has leveraged the Udyami Mitra Portal and the network of lending Institutions, which include Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Cooperative Banks, Non-Banking Financial Companies (NBFCs) & Micro-Finance Institutions (MFIs) for scheme implementation.
The Lending Institutions charge rates of interest as per the extant Reserve Bank of India guidelines.
An interest subsidy of 7% is paid on quarterly basis on timely repayment of the loans.
ANNEXURE-I
Statement showing State-wise number of beneficiaries and amount disbursed under PM-SVANidhi scheme
As on March 24, 2022
|
Name of the State/UT |
FY 2020-21 | FY 2021 -22 | Total No. of
Beneficiaries |
Total Credit Disbursed (₹ in lakhs) | ||
| No. of
Beneficiaries |
Credit Disbursed (₹ in lakhs) |
No. of
Beneficiaries |
Credit Disbursed (₹ in lakhs) |
|||
| Andaman and Nicobar Islands | 387 | 38.7 | 84 | 18.4 | 471 | 57.1 |
| Andhra Pradesh | 1,12,684 | 11,199.0 | 69,085 | 8,671.5 | 1,81,769 | 19,870.5 |
| Arunachal Pradesh | 1,588 | 158.7 | 866 | 108.8 | 2,454 | 267.5 |
| Assam | 14,155 | 1,411.3 | 37,084 | 4,039.8 | 51,239 | 5,451.1 |
| Bihar | 28,857 | 2,848.1 | 17,756 | 1,892.7 | 46,613 | 4,740.8 |
| Chandigarh | 2,051 | 203.9 | 1,324 | 157.9 | 3,375 | 361.8 |
| Chhattisgarh | 40,290 | 3,992.5 | 6,104 | 1,095.7 | 46,394 | 5,088.1 |
| Daman & Diu and Dadra & Nagar Haveli | 1,021 | 101.7 | 131 | 14.5 | 1,152 | 116.2 |
| Delhi | 31,162 | 3,094.2 | 9,767 | 1,046.1 | 40,929 | 4,140.3 |
| Goa | 1,017 | 101.1 | 206 | 51.9 | 1,223 | 152.9 |
| Gujarat | 1,02,347 | 10,160.0 | 90,805 | 12,048.0 | 1,93,152 | 22,208.0 |
| Haryana | 16,942 | 1,677.7 | 8,456 | 1,199.0 | 25,398 | 2,876.7 |
| Himachal Pradesh | 2,768 | 275.9 | 550 | 160.0 | 3,318 | 435.9 |
| Jammu and Kashmir | 11,505 | 1,148.8 | 2,397 | 439.3 | 13,902 | 1,588.1 |
| Jharkhand | 22,033 | 2,189.8 | 6,216 | 870.1 | 28,249 | 3,059.9 |
| Karnataka | 1,07,966 | 10,759.9 | 31,085 | 5,065.5 | 1,39,051 | 15,825.4 |
| Kerala | 8,047 | 799.4 | 1,223 | 468.1 | 9,270 | 1,267.5 |
| Ladakh | 247 | 24.7 | 14 | 12.4 | 261 | 37.1 |
| Madhya Pradesh | 3,13,879 | 31,205.0 | 1,51,238 | 23,100.0 | 4,65,117 | 54,305.0 |
| Maharashtra | 1,49,107 | 14,812.4 | 46,202 | 6,516.6 | 1,95,309 | 21,329.0 |
| Manipur | 6,094 | 608.7 | 2,388 | 257.0 | 8,482 | 865.7 |
| Meghalaya | 253 | 25.3 | 323 | 37.5 | 576 | 62.8 |
| Mizoram | 442 | 44.2 | 33 | 20.7 | 475 | 64.9 |
| Nagaland | 1,202 | 120.2 | 270 | 57.4 | 1,472 | 177.6 |
| Odisha | 27,475 | 2,715.6 | 6,751 | 905.0 | 34,226 | 3,620.7 |
| Puducherry | 1,130 | 112.9 | 115 | 25.3 | 1,245 | 138.1 |
| Punjab | 26,664 | 2,642.6 | 12,072 | 1,279.6 | 38,736 | 3,922.1 |
| Rajasthan | 50,322 | 5,015.5 | 16,444 | 1,667.5 | 66,766 | 6,683.0 |
| Sikkim | – | – | 1 | 0.1 | 1 | 0.1 |
| Tamil Nadu | 87,701 | 8,718.3 | 72,198 | 7,550.4 | 1,59,899 | 16,268.7 |
| Telangana | 3,10,032 | 30,658.1 | 33,198 | 10,392.4 | 3,43,230 | 41,050.5 |
| Tripura | 2,601 | 259.6 | 362 | 64.8 | 2,963 | 324.3 |
| Uttar Pradesh | 5,63,792 | 55,491.7 | 2,11,909 | 22,841.5 | 7,75,701 | 78,333.2 |
| Uttarakhand | 9,107 | 906.6 | 1,270 | 203.8 | 10,377 | 1,110.4 |
| West Bengal | 2,378 | 235.6 | 10,769 | 1,062.6 | 13,147 | 1,298.1 |
| Total | 20,57,246 | 2,03,757 | 8,48,696 | 1,13,342 | 29,05,942 | 3,17,099 |
ANNEXURE-II
Bank-wise details of number of loan (including 2nd tranche loan) sanctioned & disbursed by private sector banks under PM SVANidhi scheme:
(As on March 24, 2022)
| S. No | Name of the Private Sector Bank | No. of Loans Sanctioned | No. of Loans Disbursed |
| 1 | HDFC Bank | 1,16,827 | 14,988 |
| 2 | Jammu & Kashmir Bank Ltd | 14,576 | 13,424 |
| 3 | IDBI Bank | 12,451 | 10,844 |
| 4 | Karnataka Bank Ltd | 10,018 | 9,143 |
| 5 | Kotak Mahindra Bank Limited | 4,401 | 2,983 |
| 6 | ICICI Bank | 4,237 | 2,708 |
| 7 | Axis Bank | 3,299 | 2,252 |
| 8 | Tamilnad Mercantile Bank Ltd | 1,528 | 1,204 |
| 9 | Federal Bank | 1,272 | 1,049 |
| 10 | Karur Vysya Bank Ltd | 1,159 | 981 |
| 11 | South Indian Bank | 525 | 476 |
| 12 | The Nainital Bank Ltd | 462 | 420 |
| 13 | Bandhan Bank Ltd. | 367 | 307 |
| 14 | City Union Bank | 305 | 275 |
| 15 | IndusInd Bank | 222 | 97 |
| 16 | IDFC FIRST Bank Ltd. | 76 | 67 |
| 17 | RBL Bank Limited | 58 | 55 |
| 18 | Dhanlaxmi Bank Ltd | 42 | 41 |
| 19 | CSB BANK LTD | 39 | 25 |
| 20 | Yes Bank Ltd. | 18 | 18 |
| 21 | Lakshmi Vilas Bank | 1 | 1 |
| Total Private Sector Banks | 1,71,883 | 61,358 | |
| Total Under the Scheme | 33,50,759 | 30,51,244 | |
