Hyderabad: Hyderabad was first among all cities in the country in issuing loans to street vendors under PM SVANidhi scheme.
The Greater Hyderabad Municipal Corporation (GHMC) has so far expanded the highest number of these loans from R 10 000 each to 34 878 street vendors. As part of this scheme, the civilian body identified 1,62,105 street vendors, of which details of 1,57,945 were uploaded to the MEPMA portal and cards were issued to 1,54,335.
The aim of Prime Minister SVANidhi Scheme was to promote the livelihoods of street vendors who have lost their business Covid-19 pandemic. Consequently, the GHMC issued identity cards to obtain their loans from banks under the scheme.
The GHMC has so far received 67,233 applications, of which 34,878 have extended the loan facility. Among other cities, Indore extended loans to 34,855 beneficiaries, Lucknow for 34,195 street vendors, Kanpur for 32,751 and Varanasi for 27,023.
In addition, the civilian body has trained street vendors on the use of digital transactions through online payment platforms such as Google Pay, PhonePe, Paytm and Amazon Pay. They are also promoted to gain additional benefits from doing at least 50 digital transactions each month.
PM SVANidhi as on March 27
• Street vendors identified – 1,62,105
• ID cards issued – 1,54,945
• Loan applications in the portal – 67 233
• Subsidized loans – 42 911
• Disbursed loans – 34 878
Source: Telangana Today