Bhopal: Chief Minister Shivraj Singh Chouhan has said that the government is making available loan without guarantee to street vendors to run their businesses. Interested street vendors should apply for loans, they will be provided a loan of Rs. 10 thousand, he added.
Chief Minister Chouhan said that it is a matter of pleasure that Madhya Pradesh tops in the country in implementation of P.M. Swanidhi Scheme (Street vendors scheme), but we don not have to stop here, we have to extend benefit of the scheme to every eligible street vendor of the state. Chief Minister Chouhan was reviewing the Urban and Rural Street Vendors Loan Scheme at Mantralaya today. Chief Secretary Iqbal Singh Bains, Additional Chief Secretary Manoj vastava, Principal Secretary Manoj Govil, Principal Secretary Nitesh Vyas, Banks State Co-ordinator Mahurkar (via VC) were present at the meeting.
Madhya Pradesh leads in P.M. Swanidhi scheme
Chief Minister Chouhan said that Madhya Pradesh is leading in the country in implementation of P.M. Swanidhi scheme. As many as 3.28 lakh applications of street vendors of the state have been submitted on P.M. Swanidhi portal, out of this, 2 lakh have been sanctioned by the banks and loan to 1.37 lakh street vendors have already been disbursed. He instructed that loan against sanctioned 63 thousand cases should be disbursed soon.
Interested street vendors should come forward to avail loan
Chief Minister Chouhan has urged all the street vendors of the state that those who wish to avail loan of Rs. 10,000 without any guarantee under the street vendors scheme for their business, should apply immediately. Loan will be given by the banks to all eligible street vendors. The total number of street vendors in the state is about 5 lakh. Chief Minister Chouhan directed to extend benefits of the scheme to all eligible beneficiaries.
60 thousand cases sanctioned under Rural Street Vendors scheme
Chief Minister Chouhan said that 60 thousand 233 cases have been sanctioned in the state so far under the Chief Minister Rural Street Vendors Scheme. Out of these, loans have been disbursed to 39 thousand 233 street vendors. There are a total of 8 lakh 52 thousand 524 beneficiaries in the state under the scheme. The Chief Minister Chouhan directed to extend benefit of the scheme to all eligible beneficiaries.
Amount will be transferred to accounts on ‘Dhanteras’
Chief Minister Chouhan said that the amount will be transferred to the accounts of the beneficiaries against the cases sanctioned under the Rural Street Vendor scheme on Dhanteras, November 12.
A glimpse on P.M. Swanidhi (Street Vendors) Scheme
The P.M. Swanidhi Scheme has been launched by the Government of India to reconnect urban street vendors with employment under Atmanirbhar Bharat. Under this scheme, there is a provision to provide a loan of Rs. 10 thousand as working capital to eligible beneficiaries for one year. The beneficiary will be eligible for additional working capital of up to Rs. 20 thousand in second year on timely repayment. Provision has also been made for special subsidy up to Rs. 1200 for doing digital transactions. Moreover, there is a provision of 7 percent interest subsidy by the Government of India on this working capital. The remaining interest subsidy will be given by the Government of Madhya Pradesh. On the same lines, Rural Street Vendors scheme has also been introduced by the Madhya Pradesh government.