Centre sanctions Rs 8.2 crore as collateral-free loans to street vendors in Odisha under PM SVANidhi Yojana
Published By : Prameya News Bureau | September 22, 2020 IST
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Bhubaneswar, Sep 22: Centre has sanctioned Rs 8.2 crore as collateral-free loans to street vendors in Odisha under PM SVANidhi Yojana, informed Union Petroleum Minister Dharmendra Pradhan. Pradhan made the announcement through his verified twitter handle. Pradhan said that this will help them resume their livelihoods affected by Covid- 19 induced challenges. “Out of the total 63,222 street vendors identified in the state, more than 23,550 vendors have applied for affordable working capital loans being provided under the scheme till now. Our street vendors form a crucial part of the informal micro-economy. PM SVANidhi brings banking at the doorsteps of these nano-entrepreneurs helping them become more self-reliant and thereby empowering them,” read the tweet.
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