Avail loans up to Rs 50K under PM scheme, Patiala MP Preneet Kaur tells vendors : The Tribune India

Avail loans up to Rs 50K under PM scheme, Patiala MP Preneet Kaur tells vendors

Avail loans up to Rs 50K under PM scheme, Patiala MP Preneet Kaur tells vendors

Patiala MP Preneet Kaur today urged vendors in the district to avail the benefits of the Union Government’s “PM SVANidhi Yojna” under which loans up to Rs 50,000 are provided on easy terms.



Tribune News Service

Patiala, September 16

Patiala MP Preneet Kaur today urged vendors in the district to avail the benefits of the Union Government’s “PM SVANidhi Yojna” under which loans up to Rs 50,000 are provided on easy terms.

PM SVANidhi scheme aims at empowering vendors, who took a hit during the Covid period, through hassle-free access to affordable credit. Preneet Kaur, Patiala MP

Preneet says, “Prime Minister Narendra Modi-led Central government is running a progressive scheme to uplift and re-establish street vendors who took a hit during the Covid period. Under this scheme, street vendors are set to be given hassle-free loans up to Rs 50,000.”

Preneet adds, “The PM SVANidhi scheme promises to empower the street vendors through hassle-free access to affordable credit. Under this scheme, vendors selling goods such as vegetables, fruits, and ready-to-eat street food, among others, or services, including barber shops, cobblers, laundry services, etc. can get access to working capital credit from banks, non-banking financial companies (NBFCs), and microfinance lenders.”

“The vendors can apply for the loan through the scheme’s portal or mobile app. They can also approach a nearby Common Service Centre (CSC) or visit the Municipal Corporation office. The process is automated through a mobile app and web portal. It takes less than 30 days for the application to be approved,” she adds.

Tribune Shorts


Top News

Delhi police special cell raids homes of journalists linked to NewsClick

Delhi police special cell raids homes of journalists linked to NewsClick

Earlier, the Enforcement Directorate had registered a case a...

India tells Canada to withdraw 41 diplomats by October 10: Report

Amid strained relations, India tells Canada to withdraw 41 diplomats by October 10

Canada has 62 diplomats in India and India had said that the...

2 army personnel injured in encounter in J-K’s Rajouri

2 army personnel injured in encounter in J-K’s Rajouri

The encounter breaks out between security forces and terrori...

7 more patients died in Nanded govt hospital between Oct 1 and 2; total 31 succumbed in 2 days: Officials

7 more patients died in Nanded govt hospital between Oct 1 and 2; total 31 succumbed in 2 days: Officials

The District Information Office of Nanded confirms this on a...


Cities

View All