Nearly 4 lakh loans worth ₹522.55 Cr disbursed in Gujarat under PM SVANidhi scheme
August 07, 2023
Gandhinagar: For the state of Gujarat, the Ministry of Housing & Urban Affairs (MoHUA) has set a loan disbursement target of 4,00,000 under the PM SVANidhi Scheme. As of 03.08.2023, the State has received 5,46,308 applications under the scheme, out of which 4,12,358 loans were sanctioned, and 3,99,736 were disbursed. The ULBs in the State are responsible for mobilizing applications, which are then sanctioned and disbursed by lending institutions under the scheme.
Under the PM SVANidhi scheme, no funds are allocated to States/UTs. Loans are directly disbursed to the beneficiary street vendors by the Lending Institutions. As of 03.08.2023, a total of ₹522.55 Cr. has been disbursed by the lending institution in Gujarat.
This information was provided by Kaushal Kishore, Minister of State in the Ministry of Housing & Urban Affairs, in reply to a question from a Rajya Sabha Member during the ongoing Monsoon Session of Parliament. DeshGujarat
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