The share of applicants from minority communities and recipients of benefits has shrunk under a government scheme for providing loans to street vendors. The decline comes even as application approvals under the scheme hit a high in 2023-24.
Minorities include the Muslims, Sikhs, and Christians. The government launched the Prime Minister Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi) in June 2020 to provide collateral-free loans to eligible urban street vendors during the pandemic and has disbursed over 10,000 crore.
There were about 2.9 million beneficiaries under the scheme in 2023-24 (FY24), according to the data the government provided in response to an application filed under the Right to Information (RTI) Act filed by Business Standard.
This story is from the June 21, 2024 edition of Business Standard.
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This story is from the June 21, 2024 edition of Business Standard.
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